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What happens if I dont file an annual report for my LLC?
If you forget to file your annual report, youll receive a warning letter from the Secretary of State. If you still dont file, the next step is administrative dissolution. This means that your LLC is no longer recognized as a legal entity, and you lose the protections that come with being an LLC.
Do I have to renew my LLC every year in Michigan?
The report must be filed each year that you operate an LLC within Michigan. The deadline for filing is February 15, unless your business was started after September 30 of the prior year, and then it will not be required to be filed until the following years deadline.
Do I have to file an annual report for my LLC in Michigan?
The state of Michigan requires all Michigan corporations to file a yearly annual report, while LLCs file a very similar document called an annual statement. Michigan LPs, LLPs, and LLLPs arent required to file annual reports.
How long does it take to get articles of incorporation in Michigan?
Turnaround: It may take up to 10 business days for the Corporations Division to review a document submitted with standard service. Expedited service may be requested for an additional fee when completing an online form.
What are the rules for naming an LLC in Michigan?
Sec. 204. (1) Except as provided in subsection (2), the name of a domestic limited liability company shall contain the words limited liability company, or the abbreviation L.L.C. or L.C., with or without periods or other punctuation.
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How much is the annual LLC fee in Michigan? There is no additional fee on top of the cost of your annual report filing fee, which is $25.
Does Michigan require an annual report for LLC?
(1) In addition to the annual statement required in section 207(3), a professional limited liability company shall file with the administrator an annual report, together with a $50.00 filing fee, listing the names and addresses of all members and managers and certifying that each member and manager is a licensed person
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