Michigan Units and Limited Partnership Certificates are unique forms of securities that are issued by companies in the state of Michigan. These certificates provide limited partners with a stake in the company and a share of the profits. They are also known as “units” and are typically issued in the form of stock certificates. There are two main types of Michigan Units and Limited Partnership Certificates: General Partner (GP) Units and Limited Partner (LP) Units. GP Units are typically held by the company’s founders and give them full control over the company’s operations and decision-making. LP Units are held by limited partners and provide them with limited control over the company, but they are also entitled to a share of the profits. The Michigan Units and Limited Partnership Certificates provide a unique way for companies to raise capital and for limited partners to invest in the company. They offer advantages such as access to cash flow, tax benefits, and limited liability. However, they also come with risks such as limited control and potential losses if the company fails.