In Michigan, the cost of forming an LLC (limited liability corporation) online is $50. When the LLC’s Articles of Organization are filed, this fee is paid to the Michigan Department of Licensing and Regulatory Affairs.
How Much Does an LLC in Michigan Cost?
Fee for Michigan LLC Online Filing: $50
The $50 charge to register your LLC’s Articles of Organization online with the Michigan Department of Licensing and Regulatory Affairs is the principal expense to form an LLC.
Annual Statement Fee in Michigan: $25
LLCs in Michigan are required to submit an annual statement, also known as an annual report, with the Michigan Department of Licensing and Regulatory Affairs.
This form may be submitted online through the Michigan LARA website. The filing cost is $25, and it must be paid by February 15. Failure to file on time in Michigan carries a $50 penalty.
Fee for Resident Agent
You may be your own resident agent (also known as a resident agent) in Michigan, but employing a resident agent service keeps your firm in compliance, reminds you of critical filing dates, and helps you avoid late fines.
How Much Does it Cost to Form a Foreign LLC in Michigan?
If you currently have an LLC established in another state and want to expand into Michigan, you must register your LLC as a foreign LLC in Michigan.
A Michigan foreign LLC registration costs $50. A foreign LLC may be registered in Michigan by submitting an Application for Certificate of Authority to Transact Business in Michigan (Form 760).
Permits and Licenses for Businesses
Depending on your industry and geographic location, your company may need federal, state, and municipal permits/licenses to operate lawfully in Michigan. This is true regardless of whether you create an LLC or another sort of company structure.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
Reservation of LLC Name: You may reserve your name for up to six months prior to the establishment of your LLC by completing an Application for Reservation of Name (Form 540) and paying the $25 filing fee.
Doing Company As (DBA) Name: To establish a name different than your official LLC business name, file a Certificate of Assumed Name (Form 541) and pay the $25 filing fee.
Certified Document Copies: Order certified copies of your Michigan business paperwork from the Department of Licensing and Regulatory Affairs for $16 + $1 per page if 7 or more pages.
Certificate of Good Standing: A Michigan certificate of good standing may be obtained by ordering from the Department of Licensing and Regulatory Affairs and paying the $10 cost. Banks and lending institutions often demand a certificate of good standing.