Limited Liability Company

Entity Types

  • Domestic Limited Liability Companies Limited liability companies are formed for the purpose of generating profit, while limiting taxes and liability. Limited liability companies have all the powers granted to a corporation.
  • Professional Service Limited Liability Company A professional limited liability company, as the name implies, is a company made up of licensed persons who have been legally authorized to provide a professional service.
  • Foreign Limited Liability Company A foreign limited liability company is one that is formed under the laws of another jurisdiction. Foreign limited liability companies that are "transacting business" in Michigan must first obtain a ...