Are you an owner, shareholder, or partner in an S corporation, partnership, or LLC? If so, a bill recently signed by Michigan Gov. Gretchen Whitmer may apply to your business. On Dec. 20, 2021, Gov. Whitmer signed House Bill 5376…Continue readingNew Law Allows for Michigan Flow-Through Entity Tax in Michigan
Tag: Partnership
Many of us may have seen phrases like “LLC” and “sole proprietorship” in passing all our lives but didn’t really look into them to discover what they mean. If you are opening a new small business in Michigan, however, it’s…Continue readingChoosing a Business Tax Structure: Types of Corporations and LLC’s