Lara Corporation Division (2024)

FAQs

Do you have to renew your LLC every year in Michigan? ›

In Michigan, every LLC must file an annual statement each year. The Michigan Department of Licensing and Regulatory Affairs will send you a pre-printed annual statement form approximately three months before the due date.

A Michigan Certificate of Good Standing (CGS) is the best and easiest way to prove that your business is in compliance with state law. Whether you're looking to expand your business outside the state, applying for government funding, or entering into an agreement with another company, a CGS might be essential.

ARTICLE II

The purpose for which the limited liability company is formed is to engage in any activity within the purposes for which a limited liability company may be formed under the Limited Liability Company Act of Michigan.

Michigan corporations, limited partnership and limited liability company names and the names of foreign corporations, limited partnerships, and limited liability companies with authority to transact business in the state may be searched on the web at: www.michigan.gov/corpentitysearch.In addition, the Business Services ...

Michigan LLC Cost. Forming an LLC in Michigan costs $50—the state fee to file the Michigan Articles of Organization. You'll also need to pay a $25 annual report fee every year to keep your LLC active.

A limited liability company that is not in good standing is not entitled to issuance by the administrator of a certificate of good standing described in subsection (1), the name of the company is available for use by another entity filing with the administrator, and the administrator shall not accept for filing any ...

By Phone: Call the Corporations Division at (517) 241-6470.

A certificate of good standing is a state-issued document that shows you're authorized to do business in that state. While it won't disclose whether you're behind on any tax obligations, it offers proof that you're complying with state laws — you're up to date on state fees, taxes, business filings, and more.

In Michigan, filing as a C-corp will mean that your LLC must pay federal corporate income tax at 21% and state corporate income tax at 6%. Filing as a C-corp is more complicated than filing under default status, so seek advice from an accountant to decide if C-corp status is right for your LLC.

Starting a professional limited liability company in Michigan is absolutely free with Inc Authority. You are only required to pay the mandatory state filing fee of $50, and Inc Authority will take care of the rest at no extra charge.

Does an LLC have to file a tax return in Michigan? ›

If you're a multi-member LLC you are taxed as a partnership and file Form 1065, if filing is required. Every Michigan limited liability company is required to file an Annual Statement each year which is due February 15 each year, with a filing fee of $25.

How Long Does It Take to Form an LLC in Michigan? Once you've gathered all of your information together and filed your Articles of Organization (or had Bizee do it for you), it can take up to 2 weeks for the Michigan Department of Licensing and Regulatory Affairs to process and legally create your LLC.

It costs $25 to change your LLC name in Michigan. This is the filing fee for the Certificate of Amendment form. The fee is the same whether you file the form online or by mail.

You can name your LLC after yourself, but whether you “should” is your judgment call. It's a legal option. And if your business reputation is already wrapped up in your personal brand, it might be a good choice. But it can hamper some of your future possibilities, so this shouldn't be taken lightly.

File your Michigan LLC's Annual Report every February 15th . You need to file it with the state every year. The Annual Report may be submitted on or before February 15, as long as within ninety (90) days prior the due date .

The maximum duration of the limited liability company is perpetual unless otherwise provided in the articles of organization. History: 1993, Act 23, Eff. June 1, 1993;Am. 1997, Act 52, Imd.

Resident business entity (agency) licenses are not required to renew as long as the license remains active and in good standing. Non-Resident individual and business entity (agency) producer licenses are perpetual as long as the home state license remains active and in good standing.