If you have a limited liability company (LLC) in Idaho, you must file an annual report to keep your business in good standing. But don’t worry – ...
The fee for filing your annual statement is $25, and reports are due February 15.
Written by: Carolyn Young
Carolyn Young has over 25 years of experience in business in various roles, including bank management, marketing management, and business education.
Reviewed by: Sarah Ruddle
For over 15 years, Sarah Ruddle has been a noteworthy leader in the business and nonprofit world.
Updated on August 26, 2023
If you have a limited liability company (LLC) in Michigan, you must file an annual statement to keep your business in good standing. It’s a relatively painless process that can be done online.
An annual statement, known as an annual report in most states, verifies your business information and tells the state of Michigan that your LLC is still operating. In addition, keeping up with annual statements is a legal requirement that enables you to obtain a Certificate of Good Standing, which a bank or creditor might request to confirm your compliance.
In Michigan, the following information is required for the annual statement:
To file your annual statement in Michigan, visit the corporation’s online filing system website through the Department of Licensing and Regulatory Affairs and log in to your account.
Select “file annual statement” and fill in all the required information.
The fee for filing your annual statement is $25, and reports are due February 15.
If you do business in other states, be sure to register in those states as a foreign LLC. For example, if your LLC is registered in Michigan and you start doing business in Florida, you’ll need to register in Florida as a foreign LLC.
You’re generally required to register as a foreign LLC if:
Once you’ve registered as a foreign LLC, your business will need to follow the annual reporting requirements of that state and pay taxes in that state.
Filing an annual statement in Michigan is relatively easy but crucial to smooth business operations.
Failing to file an annual statement can result in serious penalties, as can filing an inaccurate report.
Review all your business information and file your report on time to ensure your LLC remains in good standing.
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