How Often Do You Have to Renew Your Business License in Michigan?

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Requirements to Maintain an LLC in Michigan:

  • Pay an annual fee of $25.
  • Consists of state filing fees and annual reporting requirements.
  • Annual Report filing to keep LLC information up to date.
  • Confirmation of information on the Annual Statement.
  • Submitting with Michigan LARA.

Initial Costs of Forming an LLC in Michigan:

  • Base formation rate is $50.
  • Avoid hiring assistance to reduce costs.

Breakdown of Expenses:

  1. Secretary of State Filing Fee: $50
  2. Name Reservation Fee:
    • Online: Not available
    • Offline: $10

The cost associated with fulfilling the annual filing requirement is currently set at $25 for qualifying LLCs in Michigan.

Renewal Requirement:

  • Renew LLC status annually by filing an annual statement with the state.
  • Failure to renew leads to loss of good standing.

Annual Fees:

  • Annual fee of $25 for LLC in Michigan.
  • Sales tax at 6%, income tax at 4.25%, and federal taxes.

Michigan Business Licenses and Permits:

  • Fees vary based on location and industry.

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