Once your Michigan LLC is created, you must adhere to your state’s filing dates in order to maintain good standing and prevent costly fines or penalties.
This page addresses the following issues for a Michigan LLC:
What exactly is an annual report?
How do I submit my yearly report?
Should I use a registered agent?
Table of Contents
What Exactly Is an Annual Report?
An annual report is a routine file that your LLC must make every year in Michigan to update your company information, which includes:
Name and address of the company
Name and address of the resident agent
This report is intended to keep your company records up to date with the State of Michigan. This enables creditors and other interested parties to locate your company address in the event that they need to contact you. This information is used by the government to trace the payment of your LLC state taxes.
How Do I Submit My Annual Report?
Your Michigan LLC annual report may be filed with the Department of Licensing and Regulatory Affairs. Each LLC receives a pre-printed form from the Bureau of Corporations, Securities, and Commercial Licensing 90 days before the due date.
Should I Hire a Registered Agent?
A registered agent, also known as a resident agent in Michigan, is a person or business designated by your firm to receive and deliver documents on your behalf. You may guarantee that your LLC’s reports are always submitted on time to the relevant government agency by employing a registered agent service. The following are the three primary benefits of employing a registered agent service for your LLC:
Avoid late filing penalties: The Michigan Department of Licensing and Regulatory Affairs has the authority to dissolve a Michigan LLC that fails to submit an annual report. A registered agent service will remind you when reports are due and, for an extra cost, will submit the file for you.
Increase your adaptability: A registered agent service may receive and submit paperwork for your LLC during normal business hours, saving you from having to work from 9 a.m. to 5 p.m. every week. You may also employ a registered agent service to create an LLC in states where you do not already have a company presence.
Keep your personal address out of public records: Using a registered agent service helps you to keep your personal address out of public records, preserving your privacy. Furthermore, if your LLC is sued, the lawsuit will be served at the registered agent’s address rather than your place of business.