To keep your Limited Liability Company (LLC) in good standing, you must renew it every year if it is registered in Michigan. Renewals for LLCs are handled by the Michigan Department of Licensing and Regulatory Affairs (LARA). In this post, we’ll go over how much it costs to renew an LLC in Michigan and the procedures you need to take.
In Michigan, renewing your LLC costs $25 a year. Whether you submit your renewal via mail or online, the charge is the same. A $10 late fee will be assessed if you don’t renew your LLC before the deadline. Payment options for the renewal cost include credit card, cheque, and money order. It should be made payable to the State of Michigan. Renewal of Your Company Name in Michigan
You must submit an annual report to LARA in order to renew your business name in Michigan. This report contains the name and address of the registered agent for your LLC, the managers’ or members’ addresses, and the date of the annual meeting. Your annual report can be submitted online or by mail. In Michigan, filing an annual report costs $25. Purchasing a New Michigan Annual Report You must submit your Michigan annual report to LARA by the deadline if you want to renew it. Your annual report must be submitted by the end of the month in which your LLC was created. Your annual report must be submitted by June 30th each year, for instance, if your LLC was established on June 15th. Your annual report can be submitted online or by mail.
In Wisconsin, you must submit your annual report for your LLC by the deadline. The conclusion of the quarter in which your LLC was formed in Wisconsin is the deadline for filing your annual report. For instance, your annual report must be submitted by March 31st each year if your LLC was established in January. In Wisconsin, submitting an annual report costs $25.
Every five years, your DBA (Doing Business As) registration must be renewed if you run your business in Michigan under a false identity. You must submit a fresh registration with LARA in order to renew your DBA. A DBA registration in Michigan costs $10 to file. Your DBA registration can be submitted online or by mail.
In conclusion, it is an easy and quick process to renew your LLC in Michigan. Knowing the price and steps involved in renewing your LLC will help you make sure that your company is still in compliance with state regulations. Contact LARA’s Corporations Division for help if you have any questions regarding renewing your LLC.
LLCs are liable to many taxes in Michigan, including the federal income tax, the Michigan business tax, and the Michigan income tax. The Michigan Income Tax is a tax on the personal income of the LLC’s owners, whereas the Michigan Business Tax is a tax on the earnings of a business. Depending on their business operations and assets, Michigan LLCs may also be accountable for sales tax, use tax, and property tax.