The procedure to reactivate an inactive LLC in Michigan can be rather straightforward. In addition to completing a form with the state and paying a fee, you’ll also need to make sure that your company is current on all forms and regulatory requirements.
Step 1: Assess Your Company’s Status Verify that your company is genuinely dormant before you start the process of reactivating your LLC. On the website of the Michigan Department of Licensing and Regulatory Affairs (LARA), you can check the status of your company. To get your LLC back in operation, depending on whether it is labeled as “active” or “dissolved,” you will need to follow different procedures.
The first step in reactivating your LLC, assuming it is labeled as “inactive,” is to submit Form 501 – Statement of Conversion/Correction. The fundamental information about your company, including its name, address, and the names and addresses of its members, is requested on this form. Additionally, you must state that you desire to change the status of your company from inactive to active.
Step 3: Reactivation Fee Payment You must also submit Form 501 and a $50 reactivation fee. Make your check or money order payable to the State of Michigan to pay this fee. The LARA website also accepts credit or debit card payments made online.
Update Your Business Filings in Step 4 You must ensure that all of your corporate filings are current once your LLC has regained active status. This include submitting a yearly report to the government, renewing any required licenses and permissions, and making sure your tax filings are up to date. Establishing an LLC in Michigan
1. Pick a Name for Your Company: Your company name must be original and not being used by another company in Michigan.
2. Submit Articles of Organization to the state: This is the official document that creates your LLC. Basic information about your company must be provided, such as its name, address, and the names and addresses of its members.
4. Create an operating agreement. Although not legally needed, an operating agreement is a handy document for laying out the ownership and management structure of your company. Does Michigan Require Me to Register My Sole Proprietorship?
You don’t have to register your company with the state of Michigan if you run a single proprietorship there. However, depending on the type of your business, you might still need to apply for licenses and permissions. Do Sole Proprietorships Need to be Registered?
As was already established, sole proprietors are exempt from Michigan’s business registration requirements. However, depending on the type of your business, you might need to acquire licenses and permissions. You should also confirm that your tax returns are current and that you are paying any applicable taxes on your business income.