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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