For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Definitions; A.

MCL 38.1132a
in effect
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38.1132a. Definitions; A. Sec. 12a. "Assets", for the purpose of meeting asset limitations contained in this act, means the total of the cash and investments of a system valued at market. Add. 1996, Act 485, Imd. Eff. Dec. 27, 1996
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-38-1132aFetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements