LLC stands for "limited liability company," which is one of four business organizational structures in the United States. In this business structure, owners are protected from personal liability for company actions and debt similar to a corporation.
Starting a limited liability company in Michigan requires the business owner to file articles of organization with the Michigan Department of Licensing and Regulatory Affairs, according to LegalZoom. The articles of organization can either be filed online or by mail.
Companies with LLC in their name are limited liability companies, a legal structure allowing the business owners some protection against liability, while getting the tax benefits of a partnership. Depending the state, an LLC can consist of one or more partners that can be individuals, corporations o
An LLC resolution form is an official document created by a limited liability corporation, or LLC, for the purposes of enacting a business transaction. The subject of the resolution is included at the top of the document in large letters. LLC resolution forms contain legal language similar to corpor
As of 2014, forming an LLC in Michigan involves choosing its name, filing Articles of Organization, hiring a registered agent, and complying with regulatory requirements. You need the name of the LLC, the filing fee, the Articles of Organization, a registered agent and a business license. The proces
A limited liability company is not a corporation; in fact, there are distinct differences these business structures. An LLC doesn't have to pay income taxes on its profits, because these taxes are "passed through" to the owners of the LLC, who report them on their personal tax returns. A corporation
All of the owners of a limited liability company are called members, and a managing member of an LLC has the authority to make decisions on behalf of the company. All members have this authority by default in most states, unless the members choose to relinquish their authority to a professional mana
In order for a Limited Liability Company, or LLC, to be recognized by the state it resides in, a document, titled Articles of Organization, must be filed with the state government. Articles of organization provide the state government with specific information regarding the new business.
The Secretary of State's e-mail address is private, but the State Department does provide an e-mail client on its website. This is accessible by scrolling down to the bottom of the State Department's home page and clicking on the Contact Us link.
The primary advantages of an LLC, or Limited Liability Company, revolve around its liability protections, flexible profit sharing and marginal record keeping relative to other business formations. Also, the personal assets of LLC members are not subject to the actions or business decisions of the LL