Category: Business Law (4 posts)
Limited Liability Companies (LLCs): Modern, Flexible, and Protective
August 20, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 corpo ...
read moreCorporations: Formality, Double Taxation, and Rigid Control
August 18, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 corporatio ...
read morePartnerships: Outdated and Risky
August 17, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 an ...
read moreProfessional Entities and Nonprofits
August 15, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 ...
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