Below is information about CORPORATE OFFICER LIABILITY MICHIGAN from a variety of sources. Please take a look at the materials that our team has selected for you.
https://www.michigan.gov/taxes/collections/general-overview-of-the-corporate-officer-liability-process
https://www.michigan.gov/taxes/coll-audit/collections/corporate-officer-liability-frequently-asked-questions
Corporate Officer Liability (COL) refers to holding an individual (an officer, member, partner etc.,) of a corporation personally liable for unpaid tax debts accrued by a corporation. When a corporation fails to file returns or pay taxes due, the Michigan Department of Treasury, Office of Collections, will attempt to collect the debt from any individual who the Department has …
https://www.michigan.gov/taxes/questions/collections/corp
The company (corporation, LLC, partnership, etc.) where you were employed owes a tax debt to the State of Michigan. Through either an audit or investigation, it was determined that you were an officer of that company, whose responsibilities included ensuring payment of those taxes on behalf of the company.
https://ayarlaw.com/michigan-corporate-officer-liability/
The Corporate Officer Liability in the State of Michigan begins when a corporation fails to file returns and/or pay taxes due to the State of Michigan. Department of Treasury staff will perform an investigation so they can identify who may be held personally liable for the corporation’s failure to file returns and/or pay off their debts.
https://www.wtaxattorney.com/michigan-corporate-officer-liability-process/
https://www.algtaxsolutions.com/services/tax-resolution-services/mi-corporate-officer-liability
Michigan Corporate Officer Liability means you personally owe unpaid Michigan business taxes. This occurs when your business fails to either file business tax returns or pay business taxes. Corporate officer liability applies to trust taxes only: payroll, use, sales, and tobacco taxes. Michigan Corporation Officer Liability Investigation. The State of Michigan may assess …
https://corporations.uslegal.com/officer-and-director-liability/
Even if an officer or director makes what turns out to be a bad business decision, the law does not render the person liable unless that decision violates a specific duty imposed on the officer or director. On the other hand, the law governing corporations has expanded liability in many instances. This is especially applicable when a director or officer makes a decision that causes …
https://www.michigan.gov/lara/bureau-list/cscl/corps/limited-liability-co/types/professional-service-limited-liability-company
A professional limited liability company, as the name implies, is a company made up of licensed persons who have been legally authorized to provide a professional service. Professional limited liability companies must consist of at least one member who is licensed in each professional service being offered. If there is more than one member, they must all be licensed to provide …
https://www.michigan.gov/documents/wca/wca_WC-PUB-002_431573_7.pdf
A partner is considered an employee of the partnership, a corporate officer is considered an employee of the corporation, and a member who is a manager is considered an employee of a limited liability company. A sole proprietor (self-employed individual) working in his or her sole proprietorship is never an employee of that business. 3.
https://www.michbar.org/file/journal/pdf/pdf4article2418.pdf
While corporate directors and officers owe fiduciary duties directly to shareholders, Michigan courts generally prohibit share - holders from bringing direct claims for breach of those duties because such breaches typically cause injury to the corporation as a whole. Under Michigan caselaw governing the direct/derivative
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