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The document BCS/CD-700 is a form used by the Michigan Department of Labor & Economic Growth for filing Articles of Organization to establish a Domestic Limited Liability Company (LLC). It outlines the necessary information required for formation, including the company's name, purpose, registered office address, and management structure. The document also provides instructions for submission and associated fees.

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How to dissolve an LLC in Michigan?

To dissolve your LLC in Michigan, here are the five steps you will need to follow: Step 1: Vote to Dissolve the LLC. Step 2: Wind up all business affairs and handle any other business matters. Step 3: Notify creditors and claimants settle existing debts. Step 4: Notify Tax Agencies and settle remaining taxes.

How do I close my LLC in Michigan?

To dissolve an LLC in Michigan, hold a dissolution meeting and consult the operating agreement. LLC owners must settle all debts and tax obligations before dissolution.

What does article 2 of Michigan LLC mean?

ARTICLE 2. 450.4201 Limited liability company; purpose. Sec. 201. A limited liability company may be formed under this act for any lawful purpose for which a domestic corporation or a domestic partnership could be formed, except as otherwise provided by law.

How much does it cost to close an LLC in Michigan?

The only cost associated with dissolving an LLC in Michigan is the $10 filing fee you are required to pay when filing Certificate of Dissolution with the Michigan Department of Licensing and Regulatory Affairs (LARA). The Certificate of Dissolution required to dissolve a Michigan LLC can be filed online.

How do I officially close an LLC?

What typically has to be done. Notifying creditors that the LLC is dissolved. Closing out bank accounts. Canceling business licenses, permits, and assumed names. Paying creditors or establishing reserves to pay them. Paying taxes. Filing final tax returns and reports.

How much does it cost to file Articles of Organization in Michigan?

The standard Michigan LLC filing fee is the cost of submitting your articles of organization, which is $50 for a standard review period and up to $1,000 for an expedited review (more on these costs next). There are no other foundational fees for filing your Michigan LLC formation.

What form do I fill out for an LLC in Michigan?

The Articles of Organization are a form that tells the Michigan Department of Licensing and Regulatory Affairs important information about your LLC. Once LARA approves your LLC, your company officially exists. The Articles of Organization ask for your LLC name, business address, Registered Agent, and other information.

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