Tag: LLC
New CTA reporting requirements affecting millions coming January 1, 2024
As we shared in June, the new federal Corporate Transparency Act (CTA), intended to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity, takes effect on January 1, 2024. This new Act will affect most...
Corporate Transparency Act reporting requirements coming in 2024
A new law intended to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity will affect millions of American businesses when it goes into effect on January 1, 2024. Broadly speaking, new regulations created...
Guest Author Steven Enwright: Choosing the right corporate structure for your business
Selecting a type of business entity is often the first step in the business establishment process. The choice is often dictated by the short and long term goals of the owners and the eventual operation plan for the business. The...
Nurses working independently must apply for LLC, not PLLC
Nurses working independently in the state if Michigan must apply for an LLC, not a PLLC. Here’s why. Under the Public Health Code, a nurse must work under the delegation and general supervision of a physician. Therefore, the service being...
Using the Corporations Online Filing System (COFS)
The State of Michigan recently made changes the to the way Corporations and LLCs renew their annual reports online. The Corporations Online Filing System (COFS) is now available and allows businesses to submit documents and annual filings online, pay filing...
How to start a Michigan LLC
Many entrepreneurs in Michigan wonder "How can I legally form my new Michigan business?" We talked about how to choose if you should form an LLC or a Corporation in a previous post, and it's critical you talk to someone like...
Choice of entity considerations: LLC or Corporation?
Are you considering whether to set up your company as an LLC or corporation? Here are few insights to help you make your decision. As a practical matter, the protection for LLCs might be stronger than that for corporations. While...
Special Guest Post: What Does the “Limited Liability” Mean in Your LLC?
John T. Carter is a Partner with Witzke Berry Carter & Wander, PLLC in Bloomfield Hills, MI. Mr. Carter leads the firm’s Business Law and Commercial Transactions group and he has over 18 years of experience working with Michigan based organizations that service...