Michigan PLLC Operating Statement
Description
How to fill out PLLC Operating Statement?
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FAQ
Public limited company (PLC)
A public limited company is listed on a recognized stock exchange, and the company's stocks are traded publicly. On the other hand, private limited companies are neither listed in the stock exchange, nor they can be traded. Its members can only hold it.
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.
Prepare and file with Michigan Michigan does not require you to submit an Operating Agreement to form your LLC.
PLC and PC are abbreviations of professional limited liability company and professional company respectively. Professional Limited Liability Company. These are entities that offer licensed professional services, like health care professionals, attorneys, accountants, and engineers.
An LLC is a privately owned business while a PLC is one that is publicly traded on the stock market. Each state has its own rules and restrictions regarding LLCs and PLCs, and not every business entity is available in every state.
While an LLC and PLLC both provide personal limited liability protection, a PLLC will not protect you from claims of malpractice or wrongdoing. However, a benefit of a PLLC is that the wrongdoing of one individual member does not create liability for other members.
Michigan Annual Reports must be submitted using the LARA Corporations Online Filing System OR by mailing the pre-filled form the state will send your resident agent 90 days prior to your filing due date. To File Online: Go to the LARA Corporations Online Filing System. Enter your customer ID number and PIN.