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  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 73 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 73 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 73 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 73 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
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  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 73 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
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  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
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  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).
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  • Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in _views_slideshow_preprocess_views_slideshow() (line 76 of /home/schaferandweiner/public_html/sites/all/modules/views_slideshow/theme/views_slideshow.theme.inc).

Joseph K. Grekin and John Stockdale, Jr. Apply the LLC Act's New Conversion Rules

December, 2011

In 2011, the Michigan legislature amended Michigan's limited liability company act, MCL § 450.4101 et seq. to permit the conversion of a domestic corporation to a domestic limited liability company. There are several reasons why a business owner might convert a corporation to a limited liability company, which include, without limitation, increased flexibility in governance of the business and superior creditor protections in the limited liability form. Applying the new law, Mr. Grekin and Mr. Stockdale effectuated the conversion of a Michigan subchapter S corporation to a Michigan limited liability company in connection with the limited liability company's issuance of member units pursuant to a subscription agreement.