{"data":{"id":"us-mi/mich.-comp.-laws-450.1287","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1287","heading":"Professional services; limitation.","body":"Sec. 287.\n\n(1) A professional corporation shall not engage in any business other than providing the professional service or services for which it was specifically incorporated.\n\n(2) This chapter does not prohibit a professional corporation from doing any of the following:\n\n(a) Investing its money in real estate, mortgages, stocks, bonds, or any other type of investments.\n\n(b) Owning real or personal property necessary to provide a professional service or services.\n\n(c) Becoming a partner in a partnership formed under the uniform partnership act, 1917 PA 72, MCL 449.1 to 449.48, if the partnership provides 1 or more of the same professional services as the professional corporation.\n\n(d) Becoming a member or manager of a professional limited liability company organized under or subject to chapter 9 of the Michigan limited liability company act, 1993 PA 23, MCL 450.4901 to 450.4910, if the professional limited liability company provides 1 or more of the same professional services as the professional corporation.\n\n(e) Becoming a shareholder in a professional corporation governed by this chapter, if both professional corporations provide 1 or more of the same professional services.","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1287","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"80b92405f629a18bd6713168ce64436186ee88374785b9e48d4d4d4b94a74251","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1286","next":"us-mi/mich.-comp.-laws-450.1288"},"notice":"GroundRules: Original legal text. Not legal advice."}