Michigan Licensing or Other Legal Authorization of Shareholders is a set of legal requirements that must be met in order for shareholders to legally own and have a say in the operations of a Michigan-based business. These requirements can vary depending on the nature and size of the company, but typically include obtaining a license from the state, filing a registration with the Michigan Department of Licensing and Regulatory Affairs (LARA), and obtaining a Certificate of Authority from the state. Types of Michigan Licensing or Other Legal Authorization of Shareholders include: • Corporation License: This license is required for any corporation, regardless of size, that is based in Michigan. It must be obtained from the state and is necessary in order to legally conduct business in the state. • Limited Liability Company (LLC) License: This license is required for any LLC that is based in Michigan. It must be obtained from the state and is necessary in order to legally conduct business in the state. • Certificate of Authority: This is a certificate that must be obtained from the state in order to legally do business in Michigan. It must be obtained by a corporation or LLC that is based in the state. • Registration with LARA: In order to legally do business in Michigan, the company must register with the Michigan Department of Licensing and Regulatory Affairs (LARA). This includes providing information such as the name and address of the business, the names of the officers and directors, and other relevant information. • Shareholder Approval: All shareholders must approve any decisions or actions taken by the company, and must be registered with the state.
Michigan Licensing or Other Legal Authorization of Shareholders
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ARTICLE II The purpose or purposes for which the limited liability company is formed is to engage in any activity within the purposes for which a limited liability company may be formed under the Limited Liability Company Act of Michigan.
LARA oversees the licensing and regulation of individuals and entities in Michigan. It supports the health, safety and economic well-being of the public through services to, and regulation of, the activities of organizations and individuals.
The Department of Licensing and Regulatory Affairs (LARA) is your go-to place for business licensing across Michigan.
They include but are not limited to nurses, physicians, physician assistants, dentists, various mental health professional and pharmacists. Individuals who want to work the 26 regulated health professions must receive a Michigan-specific license before they can legally practice and treat patients.
While there's no legal requirement to hire an attorney when forming an LLC, it's a good idea to speak to a business lawyer to confirm whether it's the right business structure for your circumstances.
Medicine. Corporations, Securities & Commercial Licensing Bureau.
Michigan allows corporations to use an all-purpose clause, stating that the corporation ?shall have unlimited power to engage in and to do any lawful act concerning any or all lawful business activities for which corporations may be organized under the Michigan Business Corporation Act.? This allows flexibility in case
The Michigan Department of Licensing and Regulatory Affairs (LARA) supports business growth and job creation while safeguarding Michigan's citizens through a simple, fair, efficient and transparent regulatory structure. For more information about the LARA, please visit .michigan.gov/lara.