Ann Arbor Michigan Statement of Labor and Material Furnished - Corporation or LLC

• Category: Michigan Liens - Construction - Mechanics
• State: Michigan
• City: Ann Arbor
• Control #: MI-15A-09
• Format: Word; Rich Text

Description

This form is used by a corporate or LLC lien claimant to respond to a demand for information by a party with an interest in property being improved. Michigan statutes allow the lien claimant ten (10) days to produce a written statement detailing the amount of labor and materials provided as of the date of the statement, the amount of payment that is still due, and the work that remains to be performed under the contract. The Ann Arbor Michigan Statement of Labor and Material Furnished — Corporation or LLC is a legal document that serves as evidence of the work done and materials provided by a corporation or limited liability company (LLC) in relation to a construction project or improvement of real property. This document plays a vital role in ensuring that contractors and suppliers are properly compensated for their services, as well as protecting the rights of property owners and project stakeholders. Keywords: Ann Arbor Michigan, Statement of Labor and Material Furnished, Corporation, LLC, construction project, real property, contractors, suppliers, compensation, rights, project stakeholders. In Ann Arbor, Michigan, the Statement of Labor and Material Furnished — Corporation or LLC can have different types depending on the specific needs and requirements of the construction project. These types may include: 1. Preliminary Statement of Labor and Material Furnished — Corporation or LLC: This type of statement is typically issued at the early stages of a construction project, providing an initial assessment of the labor, materials, and services that the corporation or LLC will be furnishing. 2. Final Statement of Labor and Material Furnished — Corporation or LLC: After the completion of the construction project, a final statement is issued to reflect the total labor, materials, and services provided by the corporation or LLC. This document helps in determining the final amount to be billed or compensated. 3. Progress Statement of Labor and Material Furnished — Corporation or LLC: In projects that extend over a lengthy period, contractors or suppliers may issue progress statements to outline the labor, materials, and services furnished up to a specific point. These statements help in tracking the progress and enables timely payments. 4. Retain age Statement of Labor and Material Furnished — Corporation or LLC: In some cases, a percentage of the contract amount may be withheld as retain age until the project is completed. A retail age statement outlines the labor, materials, and services provided, excluding to retain age amount, allowing for accurate accounting and contractual compliance. 5. Amended Statement of Labor and Material Furnished — Corporation or LLC: If any changes occur during the course of the project that impact the labor, materials, or services provided by the corporation or LLC, an amended statement is issued to reflect the revised details. These various types of statements ensure transparency, accurate billing, and proper documentation regarding labor, materials, and services provided by a corporation or LLC in Ann Arbor, Michigan, for construction projects. It is essential for both the contracting party and the corporation or LLC to maintain copies of these statements for legal purposes and financial record-keeping.

The Ann Arbor Michigan Statement of Labor and Material Furnished — Corporation or LLC is a legal document that serves as evidence of the work done and materials provided by a corporation or limited liability company (LLC) in relation to a construction project or improvement of real property. This document plays a vital role in ensuring that contractors and suppliers are properly compensated for their services, as well as protecting the rights of property owners and project stakeholders. Keywords: Ann Arbor Michigan, Statement of Labor and Material Furnished, Corporation, LLC, construction project, real property, contractors, suppliers, compensation, rights, project stakeholders. In Ann Arbor, Michigan, the Statement of Labor and Material Furnished — Corporation or LLC can have different types depending on the specific needs and requirements of the construction project. These types may include: 1. Preliminary Statement of Labor and Material Furnished — Corporation or LLC: This type of statement is typically issued at the early stages of a construction project, providing an initial assessment of the labor, materials, and services that the corporation or LLC will be furnishing. 2. Final Statement of Labor and Material Furnished — Corporation or LLC: After the completion of the construction project, a final statement is issued to reflect the total labor, materials, and services provided by the corporation or LLC. This document helps in determining the final amount to be billed or compensated. 3. Progress Statement of Labor and Material Furnished — Corporation or LLC: In projects that extend over a lengthy period, contractors or suppliers may issue progress statements to outline the labor, materials, and services furnished up to a specific point. These statements help in tracking the progress and enables timely payments. 4. Retain age Statement of Labor and Material Furnished — Corporation or LLC: In some cases, a percentage of the contract amount may be withheld as retain age until the project is completed. A retail age statement outlines the labor, materials, and services provided, excluding to retain age amount, allowing for accurate accounting and contractual compliance. 5. Amended Statement of Labor and Material Furnished — Corporation or LLC: If any changes occur during the course of the project that impact the labor, materials, or services provided by the corporation or LLC, an amended statement is issued to reflect the revised details. These various types of statements ensure transparency, accurate billing, and proper documentation regarding labor, materials, and services provided by a corporation or LLC in Ann Arbor, Michigan, for construction projects. It is essential for both the contracting party and the corporation or LLC to maintain copies of these statements for legal purposes and financial record-keeping.

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