Filing a Michigan LLC
Registering your new business as a Michigan LLC could prove to be advantageous for a few reasons. First and foremost, it’s relatively easy to do so, especially when compared with other structural options. Also, the LLC structure provides owners with a significant amount of liability protection.
Steps To Filing a Michigan LLC
Choose A Name
The first thing that potential Michigan LLC owners will want to do is choose a name. Michigan does not allow duplicate entity names. So, prospective owners must be careful not to pick something that is already in use. To prevent this from happening, entrepreneurs can use the DoMyLLC Name Availability Check Page.
Another requirement set forth by the state of Michigan is that LLC’s include an indicator in their name. When deciding your name, you should add something such as “Limited Liability Company” or “LLC” to meet this requirement.
Choose A Registered Agent
Michigan LLCs must have a registered agent on file with the Department of Labor & Economic Growth at all times. Having a quality registered agent serving on the company’s behalf could increase the business’ likelihood of success significantly, as registered agents are responsible for accepting legal correspondence for the company. Because of this, business owners should consider hiring a professional company who provides trusted registered agent services, such as DoMyLLC.
File Articles Of Organization & Pay Filing Fees
The first paperwork that prospective business owners must complete is the Articles of Organization. This form must be submitted to the Michigan Department of Licensing and Regulatory Affairs’ Corporations, Securities, and Commercial Licensing Bureau. Additionally, the owner must include a $50 filing fee as well. This form informs the state of pertinent information such as:
- Name of the company
- Purpose of the company’s formation
- Effective date
- Duration of the company
- Name and address of the registered agent
- Signatures of the document organizers
File Initial Report
Michigan is not a state that requires businesses to file an Initial Report. However, LLCs will need to submit an annual report each year.
Create An Operating Agreement And Hold Meetings
An operating agreement could be beneficial to a business’ operations, as it defines how the company will conduct business. Once in place, a Michigan LLC can begin holding meetings.
Obtain Employer Identification Number
The IRS will provide your new business with an Employer Identification Number, which is necessary to file taxes. This number will also allow you to open a business banking account.
File State Required Annual Reports
Each year, Michigan businesses are required to file an Annual Report with the Department of Labor & Economic Growth. This report is due by February 15 each year. There is a $25 filing fee associated with this report. A business owner can learn more by reading the Michigan Annual Reports page.
In addition to the Annual Report, there are a few other things that Michigan LLCs must file each year. This includes federal, state, and local taxes. It also consists of any licenses or permits that are required to conduct business.
How DoMyLLC Can Assist With Streamlining The Process
If you’re looking to start your own business, you will want to dedicate your efforts to grow your brand. Hiring a third-party company could allow you to do so. For instance, DoMyLLC offers services such as:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Department of Labor & Economic Growth
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
DoMyLLC is the resource that is there for you every step of the way, allowing you to grow your business. Contact us today to learn more about how we can help.