General Counsel Services by Traverse Legal

You need day-to-day contact with an attorney on a variety of legal issues facing your growing company.  We provide flat fee general counsel legal services to emerging companies such as yours.  The advanatages of outsourced general counsel services are simple.  You never get billed for phone calls, emails or general advice.  For a flat fee, you get unlimited access to attorenys who are dedicated to helping your company grow.  For more information about how Traverse Legal's outsourced general counsel services can help your company get to the next level, contact us today or call 866-936-7447 (International Toll free).

Deal Making In The Internet Age: An Interview with John J. Maalouf

There's a wonderful interview of Mr. Maalouf which the videovoice can be seen by clicking here.

Mr. Maalouf of the Maalouf Law Firm can be contacted through his website here. 

John J. Maalouf of Maalouf Law Firm Interview

John J. Maalouf represents Fortune 500 companies and small business regarding all aspects of corporate and finance law.  He is known as one of the best in attacking the issues that his clients’ face.

Why a Michigan Limited Liability Company (LLC)?

Why select a Michigan Limited Liability Company over a corporation or other business entity such as limited partnership or general partnership?  All good questions which deserve explanation and answer.  The following are some general observations concerning the benefits of forming a limited liability company (LLC) in Michigan and reasons why you may want to consider forming the Michigan LLC over other available types of entities for your business. Consider the following in deciding whether to form a Michigan limited liability company.

If you have questions about starting a Limited Liability Company, you should contact one of our corporate attorneys for a free evaluation or call 866.936.7447 (International Toll Free).

Corporate Formation Issues For Internet Entrepreneurs

Anyone beginning a new business venture or is doing business as a sole proprietorship should consider forming a limited liability company (LLC). Business formation is an important decision. The limited liability company is a blend of the best characteristics of corporations, partnerships and sole proprietorships with liability protection for the owner or owners. Listen to Traverse Legal Attorney Mark Clark in this radio interview as he discusses the reasons entrepreneurs might consider creating a limited liability company and its benefits such as the simplicity of operation, tax advantages and personal protection that it provides to the small business owner in Michigan and nationwide.

Play Show: Corporate Formation Issues For Internet Entrepreneurs
Traverse Legal, PLC
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Common Limited Liability Terms & Definitions

Here is a good primer on common definitions for Limited Liability Companies in Indiana:

Indiana Civil & Business Lawyer: You Want to Start a Limited Liability Company?

Some terms you should know for LLC's:

LLC Members Insulated From Liability

Louisiana Law Blog: Limited Liability of LLC Members Affirmed

The court in Petch v. Humble, 41,301 (La.App. 2 Cir. 8/23/06) 2006 WL 2422914, --So.2d-- considered the limited scope of liability for members of a limited liability company. The plaintiffs in that case, property owners, sued a limited liability company that owned neighboring property and three members of the limited liability company. Plaintiffs claimed defendants negligently failed to obtain a stormwater permit before beginning to develop a subdivision and in failing to employ a stormwater pollution prevention plan, which allegedly resulted in damage to plaintiffs' property.

Technorati Tags: llc, limited liability, corporations

 

Changes to the Limited Liability Company Act

In December 2002, Michigan amended the Michigan Limited Liability Company Act. Key provisions of the amendments include:

Naming a Limited Liability Company

The proposed name of a limited liability company must be distinguishable from the name of other corporations, limited partnerships or limited liability companies. The name also may not contain a word or phrase indicating it is organized for a purpose other than is stated in the Articles of Organization. A limited liability company name may not include the words "corporation", "incorporated" or the abbreviations "corp." or "inc.".

Michigan Limited Liability (LLC) Forms

Michigan Limited Liability Companies exist to protect you from personal liability.  It is important to hire attorneys who know how to correctly file LLC paperwork with the State of Michigan.  Traverse Legal specializes in corporate representation and formation issues. Contact one of our experienced corporate lawyers today.

Michigan Limited Liability Act

Limited Liability Company

A limited liability company is a business formed by an organizer who may, but need not be a member. It is a business entity separate from its members and liability is limited to the financial contribution made by the member. The members are the owners of the company. The management of the company is carried out by its members, unless the Articles of Organization provide for management by managers. Governance is set forth by the Articles of Organization or operating agreement. A limited liability company is formed by filing the Articles of Organization (form BCS/CD-700) with the Bureau. Michigan Limited Liability Act

AN ACT to provide for the organization and regulation of limited liability companies; to prescribe their duties, rights, powers, immunities, and liabilities; to prescribe the powers and duties of certain state departments and agencies; and to provide for penalties and remedies.

Michigan Limited Liability Act - State Of Michigan Statute