PROFESSIONAL LTD. LIABILITY CO. S.B. 1173: FLOOR ANALYSIS
Senate Bill 1173 (as reported without amendment)
Sponsor: Senator Michael J. Bouchard
Committee: Financial Services
The bill would amend the Michigan Limited Liability Company Act to specify that a professional limited liability company could engage in the practice of architecture, professional engineering, or professional surveying in Michigan if at least two-thirds of the company’s members were licensed in this State to render the professional service offered. The Act currently provides that a professional limited liability company may render one or more professional services, and each member and manager must be a person licensed in one or more of the professional services rendered by the company.
MCL 450.4904 Legislative Analyst: P. Affholter
The bill would have no fiscal impact on State or local government.
Date Completed: 9-26-96 Fiscal Analyst: M. Tyszkiewicz
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This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.