Section 30-25-108 - NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY(a) A limited liability company is an entity distinct from its member or members.(b) A limited liability company may have any lawful purpose.(c) A limited liability company has perpetual duration.[30-25-108, added 2015, ch. 243, sec. 43, p. 875.]Added by 2015 Session Laws, ch. 243,sec. 43, eff. 7/1/2015.