Assertion: financial institution | /r/HasAspect | gross receipts
Facets:
Source sentences:
text: A financial institution has nexus with Michigan if it 1) is physically present in the state for more than one day, 2) actively solicits sales in Michigan and has gross receipts of $350,000 or more sourced to Michigan, or 3) has an ownership or beneficial interest in a flow-through entity directly, or indirectly through 1 or more flow-through entities, which has substantial nexus in this state.