A yearly report must be submitted to the state if your LLC is registered in Michigan. The Michigan LLC Annual Statement is another name for this document. To retain your LLC in good standing with the state and keep your limited liability protection, you must file an annual report. What an LLC Annual Statement is, how to submit one, and how to renew one in Michigan are all covered in this article.
Every year, LLCs in Michigan must submit an LLC Annual Statement to the Department of Licensing and Regulatory Affairs (LARA). Updated details about your LLC, including your registered agent, company address, and members or management, are provided to the state in the report. To keep your LLC active and in good standing with the state, you must submit an annual report.
Another name for an LLC annual report or statement is an LLC annual statement. It is a document that gives the state government up-to-date details about your LLC. To keep your LLC in good standing and safeguard your limited liability status, the report must be filed annually. How can I update my Michigan Annual Report? You need to submit a new report each year to keep your Michigan Annual Report active. Every year on February 15th, the report is due. You have two options for reporting: by mail or online through the state’s website. You must sign into your account and follow the on-screen instructions when filing documents online. You must print the report form from the state website, fill it out, and mail it to the Department of Licensing and Regulatory Affairs if you decide to file by mail.
In Michigan, submitting an annual report costs $25. It is necessary to pay this fee at the time of filing. You will be assessed a late fee of $10 per month up until the report is filed if you don’t submit your report by the deadline.
To retain your limited liability status and maintain good standing with the state, filing an annual report for your LLC in Michigan is a required. The report must be submitted annually by February 15th for a fee of $25. It is crucial to make sure that all of the information provided in the report is current and accurate. You can file electronically or by mail.
In Michigan, the yearly report filing fee for renewing an LLC is $25. However, there is a $10 late fee if the report is submitted after February 15th.