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A contractor forms an LLC in Michigan for construction work. What additional business requirement must be met for licensing?

Correct Answer

D) Designated licensed individual

Michigan requires business entities to designate a licensed individual who meets experience and examination requirements to act for the entity in licensed activities.

Answer Options
A
Registered agent in Michigan
B
Minimum $50,000 capitalization
C
Board of directors
D
Designated licensed individual

Why This Is the Correct Answer

Michigan requires business entities to designate a licensed individual who meets experience and examination requirements to act for the entity in licensed activities.

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