Learn why the LLC has become such a popular choice for business owners. Northwest can help. The steps to form a single-member LLC in Michigan are the same as those listed above. What Are the Pros & Cons of Incorporating in Wyoming? A limited liability company is formed by filing the Articles of Organization (form CSCL/CD-700) with the Bureau. Your LLC’s name must be distinguishable from the names of other business entities already on file with the Michigan Department of Licensing and Regulatory Affairs. The filing fee is $50. Start out with a solid operating agreement and avoid the bumps later on down the road. LegalZoom vs Inc Authority: Which Is A Better LLC Service? Michigan does not require LLCs to have operating agreements, but it is highly advisable to have one. Filing Requirements. When there are member disputes, you can refer back to your agreement. Read more. Under the act, you must renew your company's status each year by filing an annual statement with the state. We are not How Does NW Help Me Establish Business Privacy? To learn more, see Nolo’s article, How Single-Member LLCs Pay Federal Income Tax. Do I Need my Registered Agent's Signature? This is an individual or business entity that agrees to accept legal papers on the LLC’s behalf if it is sued. $249. You don’t have to hire one though. A pre-printed annual statement, BCS/CD-2700, is mailed to the LLC’s resident agent at the registered office approximately three months prior to the due date. Your LLC may be subject to other taxes depending on the kind of services it offers. Every Michigan LLC must have an agent for service of process in the state. MI Corporations Division The State of Michigan may not legally require your LLC to have an operating agreement, but yes, you should absolutely have one. One-Year Registered Agent access to independent attorneys and self-help services at your specific direction. We’ll list our address on your Articles, sort through your spam, and be ready and waiting to accept your legal notifications. When you sign up for our services, we send you reminders for your Annual Statement and Report. If you would like more information on forming an LLC in Michigan, consider contacting an online service provider. Just to open a bank account, you’ll likely need your operating agreement. One of the ways you can watch your costs is by forming an LLC for cheap. The articles must include: The articles may be filed by mail or online. Do I Need to Register My Business or Hire an RA first? How Much Does Registered Agent Service Cost? Starting an LLC – or Limited Liability Company – is one way to structure your business legally. When Should I Turn a Sole Proprietorship Into an LLC? 2. The registration is good for five years. a law firm or a substitute for an attorney or law firm. A Michigan LLC is created by filing Articles of Organization with the Michigan Department of Licensing and Regulatory Affairs. Enter your information below to create your free account. Reviews and rankings are the personal opinions of our editors and/or writers. Choose a resident agent in Michigan. So you wouldn’t have to deal with all the annoying reroutes and traffic EVERY summer? The state sales tax is 6% across the state (cities and counties don’t tack on additional sales taxes). You don't need an LLC to start a business, but, for many businesses the benefits of an LLC far outweigh the cost and hassle of setting one up. Here are the steps you need to take to form an LLC in Michigan. Even if your LLC didn’t do any business last year, you may still have to file a federal tax return. Any LLC organized outside of the State of Michigan must register with the Department of Licensing and Regulatory Affairs for the state to do business. The management of the company is carried out by its members, unless the Articles of Organization provide for management by managers. During the start-up phase of your business, start-up costs can be a major challenge. Create a corporation or limited liability company? Compliance Calendar It will cost $25 to file a name reservation application, if you wish to reserve your LLC name prior to filing the Articles of Organization. 24-hour expediting is an additional $50. Choose a resident agent in Michigan. In some states, the information on this website may be considered a lawyer referral service. The articles must include pertinent information such as: All documents submitted must be accompanied by the payment for the filing fee. 4. Governance is set forth by the Articles of Organization or operating agreement. Lansing, MI 48909, Michigan LARA Although LLCs in Michigan are not required to have a limited liability company operating agreement, it is wise to have one in place with other members should your LLC have more than one member. You may obtain an EIN by completing an online application on the IRS website. 4. Features, pricing, and service options on our website are subject to change without notice. You can be your own resident agent—although there are a few downsides. The name of the business must be different from other business entities already registered with the Michigan Department of Licensing and Regulatory Affairs. Once this document has been filed and processed, your LLC will no longer legally exist. It is a business entity separate from its members and liability is limited to the financial contribution made by the member.

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