LARA - Limited Liability Companies - Michigan

https://www.michigan.gov/lara/0,4601,7-154-89334_61343_35413_35429---,00.html

Limited Liability Company. A limited liability company is a business formed by an organizer who may, but need not be a member. It is a business entity separate from its members and liability is limited to the financial contribution made by the member. The members are the owners of the company. The management of the company is carried out by its ...