Anchor Law Blog
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Category: Business Law (4 posts)
Professional Entities and Nonprofits
July 31, 2025 | Posted by: Anchor Bay Law
Anchor Bay Law also assists licensed professionals, such as attorneys, physicians, and therapists, with the formation of professional LLCs. These entities must comply with additional legal restricti ...
read morePartnerships: Outdated and Risky
July 31, 2025 | Posted by: Anchor Bay Law
Anchor Bay Law rarely recommends general partnerships. Despite their simplicity, they expose each partner to personal liability for the debts and obligations of the business, even those incurred by ...
read moreCorporations: Formality, Double Taxation, and Rigid Control
July 31, 2025 | Posted by: Anchor Bay Law
Traditional corporations, particularly C corporations, were once the default option for business formation. But in most small and closely held business settings, they are now disfavored. C corporat ...
read moreLimited Liability Companies (LLCs): Modern, Flexible, and Protective
July 31, 2025 | Posted by: Anchor Bay Law
The limited liability company (LLC) is the most common and most recommended structure for Michigan’s small and midsized businesses today. An LLC offers personal liability protection like a cor ...
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