Monday, July 17, 2023

What You Need to Know About Creating a Limited Liability Company in Michigan

business attorneys Ann Arbor

Once your Limited Liability Company is formed, it can be managed by a manager or run by a member or members. A manager would be designated by the LLC according to a clause or provision in the articles of organization stating that the business is to be managed by or under the authority of the manager(s). A member would be a person that has been admitted to an LLC as described in MCL 450.4101 Section 501. There are several ways of admitting a member, but usually, it’s defined in your operating agreement, as agreed to by the members. 

Learn more about member rights when it comes to a limited liability company here.

Contact the business attorneys in Ann Arbor at Pear Sperling Eggan & Daniels, P.C. today, and let us help you set up your Limited Liability Company. Please contact us at 734-665-4441 or  fill out our contact form to schedule an initial consultation.

Monday, July 3, 2023

How to Create a Limited Liability Company in Michigan

business attorneys Ann Arbor

In Michigan, Limited Liability Companies are regulated under MCL 450.4101, also known as the "Michigan limited liability company act" (the Act). According to the Act, Limited liability company" or "domestic limited liability company" means an entity that’s an unincorporated membership organization. The term unincorporated differentiates this form of business entity from a corporation. In order for you to create a Limited Liability Company or LLC in MI, you must fill out an application and file it with the Department of Licensing and Regulatory Affairs (LARA)  in the State of Michigan Corporations Division. 

Learn more about limited liability companies in Michigan here.

Contact the business attorneys in Ann Arbor at Pear Sperling Eggan & Daniels, P.C. today, and let us help you set up your Limited Liability Company. Please contact us at 734-665-4441 or fill out our contact form to schedule an initial consultation.