Annual Statement Requirements in Michigan
Michigan requires LLCs and corporations to file an annual statement, or annual report, with the Secretary of State. The purpose is to update the state with current information like the legal business name, addresses, resident agent details, and manager/member names.
Corporations must file by May 15th each year. New corporations formed after September 30th do not file an annual report until the following calendar year. LLCs file by February 15th annually. Those formed after September 30th file the next calendar year.
Failing to file this report can mean penalties and bad standing status. To stay compliant, businesses must review information and file accurately by the deadline. The filing fee is $25 per year for both corporation and LLC annual statements.
Annual Statement for LLC in Michigan
How much is the annual statement for an LLC in Michigan?
In Michigan, an LLC’s initial Statement of Information is due by February 15th the year following formation, and subsequent reports are due annually by the 15th of February. The filing fee is $25 per year. Failure to file can mean penalties and bad standing status.
The annual statement serves to update resident agent details and manager/member names. Similar to a census, its main objective is to gather essential data about businesses operating in Michigan.
While the process might seem daunting, submitting annual statements keeps an LLC in compliance and good standing. Think of it as Michigan’s annual wellness check for your LLC.
Renewal of LLC in Michigan
How often do I have to renew my LLC in Michigan?
Michigan requires LLCs and corporations to file an annual statement with the Secretary of State to update current information. The purpose is updating legal business name, addresses, resident agent details, manager/member names.
Corporations must file by May 15th annually. New ones formed after September 30th file next calendar year. LLCs file by February 15th. Those after September 30th file next calendar year.
Failing to file can mean penalties and bad standing status. To stay compliant, businesses must review information and file accurately by deadlines. The filing fee is $25 per year for corporation and LLC annual statements.