PROFESSIONAL LTD. LIABILITY CO. - S.B. 227: FLOOR ANALYSIS

Senate Bill 227 (as reported without amendment)

Sponsor: Senator Michael J. Bouchard

Committee: Economic Development, International Trade and Regulatory Affairs

CONTENT

The bill would amend Article 20 of the Occupational Code, which regulates architects, professional engineers, and land surveyors, to include a limited liability company (LLC) in the Article's definition of "firm" and include a member of an LLC in the Article's definition of "principal". Currently, "firm" means a sole proprietorship, partnership, or corporation through which a person licensed under Article 20 offers or provides a service to the public. "Principal" means "a sole proprietor, partner, or the president, vice-president, secretary, treasurer, or director of a corporation".

MCL 339.2001 - Legislative Analyst: P. Affholter

FISCAL IMPACT

The bill would have no fiscal impact on State or local government.

Date Completed: 3-19-97 - 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.