The registered agent is a person or organization chosen by the LLC to receive official correspondence from the state as well as other vital papers. To accept these documents, the registered agent must have a physical address in Michigan and be accessible during regular business hours. The name and address of the Registered Agent shall be set forth in Article 2 of the Articles of Organization.
The address of the registered agent is the location of the registered office. Legal correspondence and other crucial information will be addressed to this address on behalf of the LLC. The registered office must have a physical address in Michigan that is not a post office box. Article 2 of the Articles of Organization must additionally mention the registered office’s address.
The Michigan Department of Licensing and Regulatory Affairs (LARA) must be notified of any change to the registered agent or registered office by filing an amendment to the LLC’s Articles of Organization.
An LLC operating agreement is a legal document that describes the LLC’s owners and management practices. Although an operating agreement is not required by Michigan law, it is strongly advised that LLCs have one. An operating agreement can serve as a guide for decision-making, help avoid conflicts among LLC members, and safeguard the entity’s limited liability status.
Typically, the operating agreement outlines the management structure, member contributions, profit and loss allocation, and voting rights of the LLC. It may also cover the handling of member disputes, the admission of new members, and the dissolution of the LLC.
Depending on a number of conditions, the formation of an LLC in Michigan might take anywhere from a few days to several weeks. Articles of Organization must be submitted to LARA, the Michigan Department of Licensing and Regulatory Affairs, as the first step. You can do this via mail or online.
The application is normally processed by LARA in 5-7 business days after the Articles of Organization are submitted. It might take longer if the application is flawed or incomplete, though. A Certificate of Organization from LARA will be given to the LLC if the application is accepted.
Does an LLC Operating Agreement Require a Witness?
An LLC operating agreement need not be witnessed or notarized in accordance with Michigan law. To make sure that everyone is familiar with the terms and circumstances of the operating agreement, it is advised that all LLC members sign it. To make sure the operating agreement complies with Michigan law and covers all significant issues regarding the LLC’s ownership and operations, it is also a good idea to have an attorney evaluate it.
In conclusion, the registered agent and registered office are specified in Article 2 of an LLC in Michigan. Although it is not mandated by Michigan law, an LLC operating agreement is strongly advised to prevent disagreements among members, offer direction for making decisions, and safeguard the LLC’s limited liability status. An LLC operating agreement does not need to be witnessed or notarized, but it should be reviewed by an attorney. The process of incorporating an LLC in Michigan can take anywhere from a few days to several weeks.
You can look for your business entity on the website of the Michigan Department of Licensing and Regulatory Affairs (LARA) to find out the status of your LLC in Michigan. To find out the status of your LLC, you can also get in touch with LARA’s Corporations, Securities and Commercial Licensing Bureau via phone or email.
The LLC operating agreement does not need to have a witness in Michigan. To make sure that the agreement complies with all legal requirements and safeguards the interests of the LLC and its members, it is always advised to seek legal advice.