If you’re forming a business in Michigan, you might be interested in learning how to determine whether your LLC has been accepted. Fortunately, the procedure is not too complicated. What you need to know is as follows:
The Michigan Department of Licensing and Regulatory Affairs (LARA) is in charge of licensing and registering LLCs in the state, which is a crucial first step to grasp. After receiving your LLC documentation, LARA will analyze it and decide whether or not to accept your application.
You can utilize the Business Entity Search function on the LARA website to look up the status of your LLC application. The status of your LLC will be displayed in the search results once you enter your company name or entity ID number. If your LLC has been accepted, it should show up as “Active.” You will see “Pending” if the approval procedure is still ongoing.
It’s important to keep in mind that the LLC approval procedure might take several weeks or even months, depending on a number of variables, such as the number of applications that LARA is currently processing. You can speak with LARA directly if you have questions concerning the progress of your LLC application.
Can an LLC in Michigan utilize a PO Box?
You may use a PO Box in Michigan as the postal location for your LLC. It’s crucial to remember that the state demands that you give a real street address for the main office of your LLC. As a result, even if a PO Box can be used for mailing, you’ll still need to have a physical address where you can conduct business.
Although operating agreements for LLCs are not mandated in Michigan, it is strongly advised that you draft one. A legal document known as an operating agreement spells out your LLC’s ownership structure, management structure, and operational procedures. Roles and obligations are made clear, conflicts are avoided, and your company is protected from legal problems.
You must submit an Amendment to your Articles of Organization to the state of Michigan if you want to add an owner (sometimes referred to as a member) to your LLC. The name, contact details, and ownership percentage of the new member should all be listed in the Amendment. You must also modify your operating agreement to take the new ownership structure into account.
Use the Business Entity Search tool provided by the Michigan Corporations Division to seek up the status of a corporation (rather than an LLC) in Michigan. You can use this tool to look up corporations by their name, ID number, or registered agent. You can see the status of the corporation, including whether it is in good standing with the state, in the search results.
The article refers to a Limited Liability Company (LLC) as the business entity.