General

Piercing the Limited Liability Company Veil

By Laura J. Eisele ©2015 The Michigan Limited Liability Company Act (“LLC Act”) extends absolute immunity to members of a limited liability company (“LLC”) from the liabilities of the entity “unless otherwise provided by law.” The LLC Act arguably does not permit a court to extend the doctrine of “piercing the corporate veil” to LLCs.…

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7 Tips for Handling Email

“Before you speak, think- Is it necessary? Is it true? Is it kind? Will it hurt anyone? Will it improve on the silence?” Sri Sathya Sai Baba If you do not have one in place, consider an email protocol or policy for your company. Email can create risk for a company if used improperly. For…

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5 Reasons to Create an Operating Agreement for your LLC

While Michigan law does not require limited liability companies to have an Operating Agreement, the Operating Agreement is important because it sets forth the rules for operating your Michigan limited liability company (“LLC”). An LLC is formed in Michigan by an organizer filing the Articles of Organization (the “Articles”) with the Michigan Department of Licensing…

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Seven Asset Protection Planning Tips

Seven Asset Protection Planning Tips “The time to repair the roof is when the sun is shining.” John F. Kennedy Asset protection planning seeks to protect your assets from future creditors. An asset protection plan is designed to deter future creditors from seizing your assets or collecting on judgments. Coordinate your asset protection planning with…

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