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LARA - MI Department of Licensing and Regulatory Affairs | LARA MI Department of Licensing and Regulatory Affairs | LARA
MI Department of Licensing and Regulatory Affairs | LARA
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Corporations
Entity Types
  • Domestic Profit Corporation Domestic profit corporations are formed for the purpose of generating profit for shareholders.
  • Business Corporation Act 1972 PA 284
  • Domestic Nonprofit Corporation Nonprofit corporations are those formed in which members may not receive any profits of the corporation. A nonprofit corporation is formed under the Michigan Nonprofit Corporation Act. Some purposes for which nonprofit corporations are commonly formed are those involving religious, educational and charitable activities.
  • NonProfit Corporation Act 1982 PA 162
  • Foreign Corporation A foreign corporation is one that is incorporated under laws other than the laws of this state.
  • Professional Service Corporation A professional service corporation, as the name implies, is a corporation made up exclusively of licensed professionals.
  • Professional Corporations, Chapter 2A, 1972 PA 284 2012 PA 569, effective January 2, 2013, repealed the Professinal Service Corporation Act, 1962 PA 192, and essentially recodified the provisions as a new chapter within the Business Coporation Act, 1972 PA 284.