Does an LLC Protect Family Business or Small Business Assets?
Those of us who were practicing business attorneys in the early 1990’s will remember the first inkling of a new entity called a “limited liability company”. In 1993, Michigan adopted its Limited Liability Company Act, MCL 450.4101 et seq. (the “Act”). The LLC has become the dominant business form, at least in Michigan. Except for […]
Corporate Annual Reports and Statements
Most small and medium-sized businesses in Michigan are organized as either limited liability companies (LLCs) or corporations. Once organized, these businesses must be maintained, and one important way of doing that is to file annual reports or statements. For corporations, annual reports are due on May 15. For LLCs, annual statements are due on February […]
