You must submit Articles of Organization to the Michigan Department of Licensing and Regulatory Affairs (LARA) in order to establish a limited liability company (LLC). A legal document known as the Articles of Organization establishes the establishment of your LLC and lays out its initial operational policies. How to obtain Articles of Organization in Michigan is provided here.
Select a Name for Your LLC in Step 1 Selecting a name for your LLC is necessary before you can submit your articles of organization. Your LLC name must stand out from every other name of a business entity registered with the State of Michigan. On the LARA website, you can see if the name you want is available.
Step 2: Submit Articles of Incorporation You have two options for submitting Articles of Organization: either send a completed form by mail to LARA or file online through LARA’s website. For online submissions, the filing fee is $50; for mail-in filings, it is $60. The Articles of Organization form must contain the following details:
– LLC name and address
– Registered agent name and address
– The organizer’s name and address
– A mission statement
– LLC’s duration (permanent or for a set amount of time) – The type of management structure (manager- or member-managed) Step 3: Register for taxes and get an EIN You must request an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) after submitting your articles of organization. For tax reasons, your LLC is identified by its EIN. Additionally, you must register with the Michigan Department of Treasury for state taxes. How Long Does It Take in Michigan to Form an LLC?
Depending on the filing type, Michigan LLC filings take a certain amount of time to process. Mail filings might take up to a week or longer to process than online filings, which are normally done within 24 hours. Processing more quickly is possible for a cost.
Operating agreements and bylaws are not the same thing. An operating agreement is a comparable contract that oversees the internal activities of an LLC, whereas a corporation’s bylaws are a set of rules and regulations.
No, an operational agreement and articles of organization are not the same thing. An operating agreement outlines the internal policies and procedures of your LLC while the articles of organization establish its legal existence.
An LLC may have more than one operating agreement, yes. If your LLC has several members or if you need to periodically change your operating agreement, this can be helpful. All operating agreements must, however, be in accordance with the Articles of Organization and one another.
Yes, if you have an LLC in Michigan, you could also require a business license in addition to your Articles of Organization. Depending on the kind of business you have and the city or county where you operate, there are different licensing requirements. To learn more about the particular licensing requirements for your LLC, it is advised that you get in touch with the neighborhood government offices or a business attorney.