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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 (Michigan 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