What is a Michigan Annual Statement?
One of the requirements of maintaining a Limited Liability Company (LLC), corporation, or Professional Limited Liability Company (PLLC), or in Michigan, is filing an Annual Statement (sometimes referred to as an Annual Report). The Annual Statement is used to confirm and update the company’s information each year with the Michigan Department of Licensing and Regulatory Affairs (LARA), such as the name and address of members, directors, or officers and the contact information for the Registered Agent.
Related: How to form an LLC in Michigan
Who Needs to File an Annual Statement?
Domestic and foreign corporations, LLCs, and PLLCs, are required to file an annual statement each year after the year the company was formed. Michigan LPs, LLPs, and LLLPs are not required to file an annual statement.
What is Needed to File a Michigan Annual Statement
You have the option of filing your Corporation and LLC Annual Statement online or by mail. To file online, visit the Michigan Department of Licensing and Regulatory Affairs website, otherwise, you can fill out the form that is mailed or download and fill out the Annual Report Form.
The report asks for information such as:
- Business name
- Name and registered office address of the Resident Agent
- Name and address of the officers, directors, members, and/or managers
Michigan Annual Statement Fee
The Annual Report filing fee for either the Michigan LLC or Corporation is $25.
Annual Statement Due Date
The State of Michigan has different deadlines depending on the business entity.
Corporations: The Annual Statement for Corporations in Michigan are due by May 15th each year. New corporations formed after September 30 do not have to file an annual report in the year immediately following their incorporation. Corporations formed between October 1st and December 31st will have their first annual report due May 15 the following year.
LLCs: The Annual Statement for LLCs in Michigan are due February 15th of each year. If the LLC was formed after September 30th, it’s not required to file an annual statement in February.
The Department of Licensing and Regulatory Affairs office sends a reminder to the Registered Agent on file 90 days in advance of the Annual Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
Annual Statement Filing ServiceIf you would rather use a service that guarantees the annual report is filed on-time, check out the annual report filing service through Northwest.
My business made little or no money. Do I still have to file the Annual Statement?
Even if your Corporation or LLC received no income or had no business activity, the Annual Statement is still required to be filed.
What happens if you don’t file the Annual Statement on time?
LLCs are not charged a late fee however, Corporations will receive a late fee of $10 per month the report is late, up to $50.
By not filing on time, the entity is no longer in good standing with the state. By not being in a status of good standing, it may be difficult for the entity to prove its existence when signing up with new vendors, loans, etc. If the report isn’t filed for two years, the entity will be administratively dissolved by the Department of Licensing and Regulatory Affairs.
Michigan Department of Licensing and Regulatory Affairs Contact Information
The mailing address for the Michigan Annual Statement is:
Michigan Department of Licensing and Regulatory Affairs
Bureau of Corporations Division
PO Box 30054
Lansing, MI 48909
If you have questions, they can be contacted at (517)-241-6470 or CorpsMail@michigan.gov.