How Do I Dissolve a Business in Michigan?

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Introduction

Dissolving a business requires specific steps and regulations to complete the process correctly and legally. This guide will teach you how to dissolve a business in Michigan. You must be guided by all the factors gathered in this article.

Dissolving an LLC in Michigan

  • Submit a completed Certificate of Dissolution to the Michigan Department of Licensing and Regulatory Affairs (LARA).
    • Typically takes 2-4 weeks to dissolve a business in Michigan.
  • Articles of Dissolution can be filed online through the LARA website or by mail.
    • There is a $10 filing fee for dissolving an LLC in Michigan using the dissolution form.
  • LARA will send a Certificate of Dissolution, confirming your LLC has been dissolved after filing.
  • Once your Certificate of Dissolution has been filed, it will take ten days to process.
    • For faster service, expedited options are available for additional fees.
  • The next step is filing the Articles of Dissolution, officially notifying Michigan your LLC will cease operations.
    • To dissolve an LLC, download and print the Certificate of Dissolution.
    • You can draft your own dissolution, but it must have the same information.
    • Mail or deliver it in person; there is no online submission.

Dissolving a Corporation in Michigan

What form do I need to dissolve a corporation in Michigan?

  • To dissolve a Michigan corporation that has commenced business, file Form 531, Certificate of Dissolution with LARA.
    • You will also need to get a tax clearance from the Michigan Department of Treasury after you submit the Certificate of Dissolution.
  • Michigan corporations that have not yet commenced business can file Form 530, Certificate of Dissolution with LARA.

Steps to Dissolve a Michigan Corporation

  1. File a Certificate of Dissolution form with LARA by mail or in person.
  2. A corporation that has conducted business needs Form 531.
    • Those that have not commenced business yet can use Form 530.
  3. Remove all liabilities and settle all obligations.
    • Liquidate assets and pay creditors.
    • For corporations that have not issued shares or had any transactions, file Form CD-530, Articles of Dissolution.
    • You will lose the claim to your business name if your corporation dissolves after filing for voluntary dissolution in Michigan.

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