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MICHIGAN LIMITED LIABILITY COMPANY ACT (EXCERPT) Act 23 of 1993 ARTICLE 9 450.4901 Limited liability company; rendering professional services; applicability of article. Sec. 901. (1) A limited liability
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4901 limited liability company is a type of business entity that offers limited liability protection to its owners, meaning their personal assets are protected from business debts and liabilities.
Anyone who wants to establish a business with limited liability protection can file for a 4901 limited liability company. This type of company is popular among small business owners and entrepreneurs.
To fill out a 4901 limited liability company, you will need to choose a unique name for your company, appoint a registered agent, file articles of organization with the state, create an operating agreement, and obtain any necessary licenses and permits.
The purpose of a 4901 limited liability company is to provide a flexible business structure that combines the limited liability protection of a corporation with the pass-through taxation of a partnership or sole proprietorship.
Information such as the company's name, address, registered agent's name and address, members or owners names and addresses, management structure, and purpose of the company must be reported on 4901 limited liability company.
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