What is an LLC?

Find the right LLC attorney in Dearborn Heights, MI

The legal business form of the LLC, or Limited Liability Company, offers the advantages of several other traditional business forms. An LLC has the same benefit of limited liability that a corporation does, but without being taxed as its own entity. Instead, it's taxed more similarly to a sole proprietorship or partnership. Also like corporations, LLC's may have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Limited liability has traditionally been a primary goal of many business forms, but since the legislature authorized it in Michigan, the modern LLC has become increasingly popular.

Can My Business Be Formed as an LLC?

In Michigan, a business can be formed using the form that it chooses. Opening an LLC just requires that the business founders file a form with the Secretary of State. However, some charge additional fees for the formation of LLC?s, and in Michigan there are certain laws that govern the actions of LLC?s. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it might take some time to find, choosing the right business structure for your company will lead to increased profitability.

Can I Change the Form of My Business to an LLC?

Changing business forms in Dearborn Heights can be done if a company's situation meets particular conditions. Conversion to a LLC is possible if Michigan law permits it in your situation.

How Can an Attorney Help?

Lawyers practicing business law in Michigan can advise you on whether it would be favorable for your business to form or convert to a LLC.

Talk to a Business Law Attorney now!

Life in Dearborn Heights

Dearborn Heights is in Wayne County, which is in the Detroit metropolitan area. The city has a population of about 57,774 people.

Some history behind Dearborn Heights is that it formed from the two sections of the Dearborn Township and a small part of the village of Inkster. It was incorporated on March 4, 1960. Surrounding areas include the Ecorse River and the Rouge River.

The city is home to attorneys who practice law in many areas of practice. These attorneys work in small law offices and law firms. They focus on providing personalized legal services to residents and local businesses.

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