{"data":{"id":"us-mi/mich.-comp.-laws-206.699","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 206.699","heading":"Classification as disregarded entity for federal income tax purposes; treatment of certain conversions into a limited liability company.","body":"Sec. 699.\n\nNotwithstanding any other provision of this act, both of the following apply:\n\n(a) A person that is a disregarded entity for federal income tax purposes under the internal revenue code is classified as a disregarded entity for purposes of parts 2 and 3 of this act.\n\n(b) A person that converts into a limited liability company under section 7 of 1883 PA 129, MCL 484.7, is treated as a corporation for purposes of parts 2 and 3 of this act unless that converted entity is a disregarded entity for federal income tax filing purposes under the internal revenue code and its regarded owner is treated as a corporation for state and federal income tax purposes.","path":["MI Code","Chapter 206","Act Act-281-of-1967"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-206-699","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"a3ab8f9bd527074ebf396dd725ad77e1a584ca3769f83fa17390a599867bbd95","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-206.697","next":"us-mi/mich.-comp.-laws-206.701"},"notice":"GroundRules: Original legal text. Not legal advice."}