Steps to Start an LLC in Michigan:
- File the Certificate of Formation for $50.
- Check availability of desired name and reserve it for 6 months for $25.
- Submit Articles of Organization and pay the $50 filing fee.
- Fill out Name Reservation application if desired name is available.
Cost of Starting an LLC in Michigan:
- Initial cost of $50 for Certificate of Formation.
- Additional $25 per year for Annual Reports.
Annual Requirements for Michigan LLCs:
- File annual reports costing $25 per year for standard LLCs and up to $75 for professional LLCs.
- Pay any owed unemployment insurance if employing others.
- Deadlines for annual fees: February 15 each year.
LLCs in Michigan offer liability protection and flexibility for owners. Once established, the LLC structure provides legal validity and protection. EIN is required for tax purposes, and appropriate licenses and permits may be necessary based on business activities. Operating a Michigan LLC also involves payment of applicable Michigan taxes.