{"data":{"id":"us-ia/iowa-code-489.108","jurisdiction":"us-ia","citation":"Iowa Code § 489.108","heading":"Nature, purpose, and duration of limited liability company.","body":"1. A limited liability company is an entity distinct from its member or members.\n2. A limited liability company may have any lawful purpose, regardless of whether for profit.\n3. A limited liability company has perpetual duration.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 489 - UNIFORM LIMITED LIABILITY COMPANY ACT","Subchapter I - GENERAL PROVISIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/489.108.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"2ba00f0b8a18ff82f3b6b3ecc1311e2cd41ebbf644153209020801514ac87847","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-489.107","next":"us-ia/iowa-code-489.109"},"notice":"GroundRules: Original legal text. Not legal advice."}