Michigan Conversion Agreement
Description
How to fill out Conversion Agreement?
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FAQ
A separate procedure?called LLC domestication?transfers an LLC's legal home to a new state. Michigan law authorizes one procedure (conversion) that can change a business's legal home state?called its state of formation or domicile?or change it into a different entity type.
Common defenses to larceny by conversion include (1) lack of intent, (2) mistake, and (3) claim of right. Take the roofer.
File Your Michigan LLC Articles of Organization Submit your LLC's official name. Add a copy of the name reservation certificate. Provide the name and address of your registered agent. Certify your LLC has at least one member. Select the type of LLC you're forming. Choose a filing date.
To change your registered agent in Michigan, you must complete and file a Certificate of Change of Registered Agent form with the Michigan Department of Licensing and Regulatory Affairs (LARA). The Michigan Certificate of Change must be submitted by mail or in person and costs $5 to file.
The statutory conversion statute, MCL 600.2919a, reads, in pertinent part, as follows: (1) A person damaged as a result of either or both of the fol- lowing may recover 3 times the amount of actual damages, plus costs and reasonable attorney fees (emphasis added):
Under California law, conversion is a civil cause of action that applies when a person unlawfully and without permission takes or interferes with your possession of your property. You can bring a claim for. recovery of the property, or. compensation for the value of the lost property.
A separate procedure?called LLC domestication?transfers an LLC's legal home to a new state. Michigan law authorizes one procedure (conversion) that can change a business's legal home state?called its state of formation or domicile?or change it into a different entity type.
Michigan law provides two different methods of recovery for conversion, common law and statutory, both of which may be pursued simultaneously. Prior to pursuing a claim, it is important to understand the nuances between these two types of conversion.