A Michigan LLC contractor wants to add a new member. What filing is required with LARA?
Correct Answer
D) No filing required for membership changes
Michigan LLCs are not required to file with LARA when adding or removing members, as membership changes are internal matters governed by the operating agreement.
Why This Is the Correct Answer
Michigan LLCs are not required to file with LARA when adding or removing members, as membership changes are internal matters governed by the operating agreement.
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A Michigan contractor completes a $45,000 kitchen renovation project. The homeowner pays $35,000 but refuses to pay the remaining $10,000. Under Michigan's Construction Lien Act 497, what is the maximum lien amount the contractor can file?