Beginning January 1, 2024, the Corporate Transparency Act ( “CTA”), will implement information reporting requirements for Michigan corporations, limited liability companies, and other business entities that are and were created in or are and were registered to do business in Michigan and the United States.
Read more#TBT: L3C's
This weekend we have the honor of serving as a Social Entrepreneur panelist at the Small Business Law Academy, which is part of Detroit Entrepreneur Week. Social entrepreneurs are ambitious and making large efforts to bring improvement to their respective community.
A couple of years ago (time really flies), we wrote an article for Michipreneur on a popular business entity for social entrepreneurs, L3Cs, this is the link for that article. We are looking forward to Saturday's discussion with the social entrepreneurs of metro Detroit.
Source: 2015/2/12/l3cs-tbt
The Best Entity for You - Pt.II →
In the previous post, we discussed two entities that are available to Michigan businesses. In this post we discuss the final three entity types - corporations, limited liability corporation, and non-profit corporation:
Read moreThe Best Entity for You →
For novice business owners, choosing a business structure typically comes down to answering four questions:
- How many people will own the business?
- How much personal liability protection will be needed?
- How do you want your business to be taxed?
- Would your business benefit from being able to sell stock?