The Annual Statement Michigan includes details about the LLC, including its name, registered agent’s address, member names and addresses, and its purpose. It is an essential record that aids the state in monitoring the LLC’s status and operations.
An LLC is not regarded as a corporation in Michigan. A limited liability company (LLC) offers its members limited liability protection. On the other hand, a corporation is a distinct legal body that is owned by stockholders. Corporations must file an Annual Report in Michigan, whereas LLCs must file an Annual Statement.
In Michigan, an LLC remains legitimate forever so long as its members abide by the rules and keep submitting their Annual Statements. The state mandates that LLCs submit their Annual Statements by February 15th of each year, at the latest.
Yes, filing an annual statement for an LLC in Michigan is required. The state may dissolve the LLC if the Annual Statement is not filed. The annual statement must be submitted online by Michigan LLCs, and the filing fee is $25.
Corporations in Michigan are obliged to submit an annual report to the state, known as a Corporation Annual Return. This document includes details about the corporation, the registered agent and their address, the shareholders’ names and addresses, as well as the corporation’s purpose. Corporations must file their Annual Reports with the state by May 15th of each year, and there is a $25 filing fee for each Annual Report.
In conclusion, in order to maintain their company’s good standing with the state, Michigan LLCs must submit an Annual Statement. The filing fee for this statement is $25, and it must be submitted by February 15th of each year. The state may dissolve the LLC if the Annual Statement is not filed. However, corporations in Michigan are required to file an annual report, which is due by May 15 of every year and costs $25 to file.