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How to File an LLC in Michigan

You’ve decided to form an LLC in Michigan. Now what? This blog post will take you through the process of filing an LLC in Michigan step-by-step so that you can get your business up and running as quickly and easily as possible.

Checkout this video:

Overview

Introduction

A limited liability company, or LLC, is a business structure that offers personal financial protection in the event of business debts and lawsuits.3 min read

An LLC is formed by filing articles of organization with the Michigan Department of Consumer and Industry Services. You’ll need to include your LLC’s name, purpose, address, and the names of its members. You can file online, by mail, or in person.

If you plan to do business in Michigan but are based out of state, you’ll need to appoint a registered agent in Michigan. A registered agent is someone who agrees to accept legal papers on behalf of your LLC. They can be an individual or a company.

You’ll also need to file an annual report and pay an annual fee to keep your LLC in good standing with the state. For more information on how to form an LLC in Michigan, read on.

What is an LLC?

An LLC, or limited liability company, is a business entity that offers its owners personal liability protection while allowing them to take advantage of the tax savings and flexibility of a partnership.3 min read

An LLC, or limited liability company, is a business entity that offers its owners personal liability protection while allowing them to take advantage of the tax savings and flexibility of a partnership.

An LLC is formed by filing Articles of Organization with the Michigan Department of Licensing and Regulatory Affairs (LARA). The articles must include the LLC’s name, registered agent’s name and address, duration (if not perpetual), and purpose.

The LLC Articles of Organization can be filed online through LARA’s Business Entity Filing System (BEFS) or by mail/fax. The filing fee is $50 for an online filing and $100 for a paper filing.

The Advantages of an LLC

An LLC protects you from personal liability for business debts and obligations. Creditors can only go after your business assets, not your personal assets like your house or car. And if your LLC is sued, only the business assets are at risk, not your personal ones

Another advantage of an LLC is that it can save you money on taxes. LLCs are pass-through entities for tax purposes. This means that the business doesn’t pay taxes at the corporate level. Instead, all profits and losses are “passed through” to the individual owners and reported on their personal tax returns

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How to File an LLC in Michigan

An LLC can be formed by filing Articles of Organization with the Michigan Department of Licensing and Regulatory Affairs (LARA).3 min read

An LLC can be formed by filing Articles of Organization with the Michigan Department of Licensing and Regulatory Affairs (LARA). The document must include:

The LLC’s name and address
The name, address, and signature of the LLC’s registered agent
The effective date of the Articles of Organization, if not to be effective immediately upon filing
The duration of the LLC’s existence, if not to exist perpetually
Whether the LLC will be managed by members or managers
If applicable, the names and addresses of each initial member or manager
LLC formation documents must be signed by a person authorized to form the LLC. The filer must also indicate their capacity as an organizer on the document. There is a $50 filing fee for forming an LLC in Michigan.

Articles of Organization must be mailed or delivered in person to:

Office of Corporations, UCC Division
Bureau of Commercial Services
P.O. Box 30054
Lansing, MI 48909

The Process of Filing an LLC in Michigan

The process of filing an LLC in Michigan is relatively simple and can be done online through the Michigan Department of Licensing and Regulatory Affairs. The first step is to choose a name for your LLC that is available and not already in use. Once you have chosen a name, you will need to file a Certificate of Organization with the state, which can be done online as well. After your LLC has been formed, you will need to obtain an EIN from the IRS and open a business bank account. Finally, you will need to obtain the proper licenses and permits required for your business.

The Cost of Filing an LLC in Michigan

Although there are several types of businesses you can form in Michigan, many people choose to form a limited liability company, or LLC.3 min read

An LLC is a type of business entity that offers personal liability protection to its owners, which are called members. An LLC also has a simpler operating structure than other types of businesses, such as corporations and partnerships.

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In Michigan, you can file your LLC formation paperwork online, by mail, or in person. The filing fee for an LLC in Michigan is $50. You can also choose to have expedited filing for an additional fee of $25.

Maintaining Your LLC

Once your LLC is up and running in Michigan, there are a few additional steps you need to take to maintain it. These include holding annual meetings, keeping records, and filing an annual report.
By following these simple guidelines, you can keep your LLC in good standing with the state of Michigan and avoid any penalties or fines.

Annual Meetings
All LLCs are required to hold an annual meeting of members. This is a meeting where the members of the LLC meet to discuss the business of the LLC and make any decisions that need to be made. The meeting can be held anywhere in the world, as long as all members have the opportunity to attend.

There is no set agenda for annual meetings, but it is a good idea to have a few topics of discussion prepared. These might include reviewing the previous year’s financial statements, setting goals for the upcoming year, and electing new officers or directors.

Records
LLCs are required to keep certain records on file with the state of Michigan. These records must be kept up to date and accurate in order for the LLC to stay in good standing. The records that need to be kept include:
-The Articles of Organization ( originals and any amendments)
-The Operating Agreement ( originals and any amendments)
-The most recent tax return
-A list of all current members
-A list of all past members
– Minutes from all meetings ( including annual meetings)

Annual Report Every LLC that is doing business in Michigan is required to file an Annual Report with the state each year. The report is due by May 15th and must be filed online through the Department of Licensing and Regulatory Affairs website . The report includes basic information about your LLC such as your business address, registered agent information, and contact information for the principal officers. There is a filing fee of $25 for filing the Annual Report online .

Conclusion

An LLC, or limited liability company, is a business structure that offers its owners liability protection and pass-through taxation.3 min read

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If you’re doing business in Michigan, you may want to consider forming a limited liability company (LLC). An LLC is a business structure that offers its owners liability protection and “pass-through” taxation. This means that the LLC itself is not taxed on its profits — instead, the profits “pass through” to the LLC owners, who report them on their personal tax returns.

To form an LLC in Michigan, you’ll need to file certain documents with the Michigan Department of Licensing and Regulatory Affairs (LARA). This article will walk you through the process of forming an LLC in Michigan step by step.

1) Choose a name for your LLC. Your LLC name must include the phrase “limited liability company” or one of its abbreviations (LLC or L.L.C.). It can also include any other words or phrases that do not suggest a different business structure.

2) File your Articles of Organization with LARA. You can file your Articles of Organization online, by mail, or in person at a LARA office. The filing fee is $50.

3) Appoint a registered agent for your LLC. A registered agent is someone who agrees to accept legal documents on behalf of your LLC. You can appoint yourself as your own registered agent, but you must have a physical address in Michigan where legal documents can be delivered during business hours.

4) Create an Operating Agreement for your LLC. An Operating Agreement is not required by law in Michigan, but it’s a good idea to have one if you have more than one owner (called a “member”). Your Operating Agreement should outline how your LLC will be run and how decisions will be made. It can also help resolve disputes among members later on down the road.

5) Comply with all other applicable laws and regulations. Depending on what kind of business you’re running and where you’re located, there may be other licenses and permits that you need to obtain before you can start doing business in Michigan . For example, if you’re selling food products, you’ll need to get a license from the Michigan Department of Agriculture .

Once you have taken all of these steps, your LLC will be up and running!

Here's How To Create An LLC in Just Minutes!

*This applies to Virginia residents too!

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