What is an LLC?

Find the right LLC attorney in Westland, MI

The legal business form of the LLC, or Limited Liability Company, offers the benefits of several other traditional business forms. Limited liability is an advantage that the LLC shares with the corporation, but instead of being taxed as its own entity, it is treated more like a sole proprietorship or partnership for tax purposes. Like a corporation, the LLC can also have an unlimited amount of shareholders, called members. Unlike a corporation however, if a member dies, files for bankruptcy, or otherwise leaves the LLC, the company is dissolved. Various forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in Michigan, became more popular in the past several decades.

Can My Business Be Formed as an LLC?

In Michigan, a business can be formed using the form that it chooses. Opening an LLC simply requires that the business founders file a form with the Secretary of State. Fees are generally charged for opening LLC's, however, and Michigan law determines the costs for creating LLC's. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company can lead to increased profits, but the process may take some time.

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

Under certain conditions, a business in Westland may change its form. Eligibility for conversion to a LLC is determined by Michigan law.

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local attorneys practicing business law in Michigan.

Talk to a Business Law Attorney now!

Life in Westland

Westland, Michigan is located in Wayne County just about 16 miles away from the city of Detroit. It has a budding population of over 86,000 residents. The city had its humble beginnings in the 18th century as a prime location for mill industries.

Currently, Westland is an ideal location for persons seeking employment and residential opportunities. Its location near Detroit makes it an excellent place for commuters to live and engage in retail and commercial activity. For example, the Westland Shopping Center is located in the city. The Shopping Center has over 100 stores that shoppers can choose from. As an "All-American City", Westland also has an abundance of recreational and dining opportunities throughout the city.

Westland is presently invested in preserving its historical roots. Recently in 2009 the city received a grant through the Neighborhood Stabilization Program. The grant was in the amount of over million and will be used for restoring historic districts.

Many Westland, Michigan lawyers belong to several bar associations, including the Detroit Metropolitan Bar Association. Membership in multiple bars allows lawyers in Westland to serve their community with a more thorough legal perspective. Most Westland claims are heard in the 18th District Court of Michigan, which was recently renovated to promote more efficient court operations.

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