Electing S-Corp Taxation for LLCs – Does it Make Sense for Your Business?

December 13th, 2016
Contributor: Philip J. Curtis
Many entrepreneurs operate their businesses as a limited liability company (LLC). The usual method of taxation for an LLC is to be taxed as a disregarded entity if the LLC has only one member with the income being reported on Schedule C of the member… Read More
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Categories: Business Services, Entity Selection and Business Formation, Taxation - Individual and Business

Important Amendments to LLC Law

February 15th, 2011
The Michigan Limited Liability Company Act (“LLC Act”) was recently amended, and took effect on December 16, 2010. There were a number of changes, most of which involved basic fixes and clarifications to the law, but there were a few substantial… Read More
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Categories: Business Services, Entity Selection and Business Formation

When Primary Homes Become Investment (Rental) Properties

October 7th, 2009
Did you buy a new home and can’t sell your old one because of the depressed real estate market? Do you know someone who was forced to relocate for a new job but cannot sell their home? These scenarios are increasing for a number of reasons; and wit… Read More
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Categories: Business Services, Entity Selection and Business Formation, Landlord-Tenant Relations, Taxation - Individual and Business