- Choose a Name for Your Michigan LLC
- Appoint a Registered Agent
- File Your Articles of Organization
- Create an Operating Agreement
- Get Any Necessary Licenses or Permits
How much does it cost to start an LLC in Michigan? The filing fee to create an LLC in Michigan is $50. Should you wish to expedite the process, there are additional fees ranging from $50 up to $1,000 depending on how quickly you need your LLC formed. After setting up your LLC you will be required to pay for annual reports, which costs $25 for a standard LLC or $75 for a professional LLC.
The processing time for online filings is usually 7-10 business days, while paper filings can take around 5-8 weeks.
A limited liability company or LLC is a legal business entity. An LLC in Michigan combines the limited liability typically associated with corporations with the pass-through taxation of a sole proprietorship or partnership.
Yes, you can file your LLC paperwork in person with the Michigan Department of Licensing and Regulatory Affairs located in Lansing, Michigan.
Assigning a registered agent when starting an LLC in the state of Michigan is a legal requirement. In Michigan, you need to list an address of a business person to accept documents from the state and from other parties.
Here are the steps you need to take to form an LLC in Michigan:
- Choose a Name for Your Michigan LLC
- Appoint a Registered Agent
- File Your Articles of Organization
- Create an Operating Agreement
- Get Any Necessary Licenses or Permits
How long does it take to get an LLC in Michigan?
It takes 24 hours to get a Michigan LLC if you file it online. For the mail filing, it takes 3 to 5 business days to get an LLC. If you hire a professional LLC service, then it might take less than that.
How long does it take to get an LLC in Michigan once the paperwork has been filed? Typically, it takes about 5-7 business days for your LLC to be approved in Michigan.
Forming a Limited Liability Company (LLC) in Michigan is a popular choice for entrepreneurs and small business owners who want to protect their personal assets and enjoy flexibility in their business operations. LLC formation costs vary from state to state, and it is essential to understand the costs involved in forming and maintaining an LLC in Michigan. If you would like to know more about the Michigan LLC Cost, read the whole article until the end. Webinarcare Editorial Team will help you gain knowledge on how much an LLC Costs in Michigan. You must be guided by all the factors gathered in this article. LLC Cost in Michigan. On this page, you’ll learn about the following: How to Start an LLC? LLC Cost in Michigan. Initial LLC Costs. Ongoing LLC Costs.
The main cost to start an LLC in Michigan is $50.00 for filing your Certificate of Formation. You will also need to file an annual report with the state of Michigan on a yearly basis, which also costs $25.00.
If your business uses a name that’s different than its official legal name, you’ll need to register a DBA or “doing business as” name. You don’t need a DBA for your LLC if you use your LLC name as the business’s name, though. You may also need a DBA if you operate a sole proprietorship or general partnership.
What are the requirements to set up an LLC in Michigan? To form an LLC in Michigan, you need to file Articles of Organization, choose a name that is available, and appoint a registered agent. What is a registered agent? A registered agent is the person or entity that receives legal correspondence, such as service of process, from the state on behalf of your LLC.
Setting Up Your LLC in Michigan. Reserving Your Business Name. In Michigan, your LLC name must be distinguishable from corporations, LLCs and limited partnerships already established within the state. You can determine availability through the Department of Licensing and Regulatory Affairs’ search engine.
Once you’re officially established as an LLC, you can expect to pay the state of Michigan a fee for annual reports once a year. For standard LLCs within the state, this is $25, while professional LLCs can expect to pay up to $75. Depending on the type of business you own, you may also need to register for sales and use tax. If your company employs others, you will also need to pay unemployment insurance. These annual fees should be paid in full each year by February 15.
Start a Michigan LLC in 3 steps. So, you’ve decided that you want to start an LLC in Michigan. Congratulations! The hardest decision you’ll face in this entire process is officially behind you.
LLCs offer owners liability protection and business flexibility. The LLC structure provides strong liability protection with proper maintenance. You can form an LLC in Michigan online through LARA’s Corporation Online Filing System for $50. If you need a certified copy of the Articles, there is a $16 fee.
After forming your LLC, you must file annual reports. This costs $25 per year for standard LLCs and up to $75 per year for professional LLCs. You may also need to pay unemployment insurance if employing others. These annual fees should be paid by February 15 each year.