Michigan Clauses Relating to Purpose of Venture
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How to fill out Clauses Relating To Purpose Of Venture?
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FAQ
Your business purpose is the reason you have formed your company, boiled down to a single sentence (or two). It can be industry-specific or general enough to include ancillary and future business activities. To understand the business purpose, it is important to distinguish it from your company's vision or mission.
An ?all purpose clause? is a statement that the purpose is to engage in any lawful activity within the purposes for which corporations may be organized.
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.
Here's an example of what a general LLC purpose statement might look like: ?The purpose of this limited liability company is to engage in any lawful activity for which limited liability companies may be organized in this state.?
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 ...
