You might be curious about how much it costs to open an LLC if you’re intending to launch a business in Michigan. The filing fee and any other expenses for services you might require will all affect how much it will cost to incorporate an LLC in Michigan.
You must first submit Articles of Organization to the Michigan Department of Licensing and Regulatory Affairs (LARA) in order to establish an LLC in Michigan. $50 is required to file this paper. Online or mail-in filing is an option. You will have your approved Articles of Organization right away if you choose to submit online. The process can take up to 10 days if you file by mail.
You can submit your Michigan Annual Report to LARA once you have your EIN. This study costs $25 to purchase. To keep your LLC in good standing, you must submit this report each year.
Yes, the president of the company may serve as the registered agent for an LLC. The person or organization designated as the registered agent is in charge of receiving court documents on behalf of the LLC.
There are two distinct roles in creating an LLC: the registered agent and the incorporator. While the incorporator is the individual or company that files the LLC’s Articles of Organization with the state, the registered agent is in charge of receiving legal documents on behalf of the LLC.
The Incorporator is the Owner, right? No, the LLC’s incorporator is not always its owner. Simply put, the incorporator is the individual or organization in charge of submitting the Articles of Organization to the state. Members who have made investments in the LLC are its owners.
Conclusion: With a $50 filing fee for the Articles of Organization and a $25 annual report charge, starting an LLC in Michigan is reasonably inexpensive. Although both the registered agent and the incorporator play crucial roles in creating an LLC, they are not the same and are not always the company’s owners. Starting an LLC in Michigan can be simple if the proper procedures are followed.