One of the requirements of maintaining an LLC or corporation in Michigan is filing an Annual Report (sometimes referred to as an Annual Statement). The Annual Report is used to confirm and update the company’s information each year with the Department of Licensing and Regulatory Affairs, such as the name and address of members, directors, or officers and the contact information for the Registered Agent.
What is Needed to File a Michigan Annual Report
You have the option of filing your Corporation and LLC Annual Report 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:
- Legal name of the entity
- Name and address of the Registered Agent
- Name and address of the officers, directors, members and/or managers
Annual Report Cost
The cost of the Annual Report for either the Corporation and LLC is $25.
The State of Michigan has different deadlines depending on the business entity.
Corporations: The Annual Report for Corporations in Michigan are due by May 15th each year.
LLCs: The Annual Report for LLCs in Michigan are due February 15th of each year.
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.
My business made little or no money. Do I still have to file the Annual Report?
Even if your Corporation or LLC received no income or had no business activity, the Annual Report is still required to be filed.
What happens if you don’t file the Annual Report on time?
LLCs are not charged a late fee however Corporations will receive a late fee of $10 per month the Annual Report is late, up to $50.
By not filing on time, the entity is no longer is 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 Report is:
Michigan Department of Licensing and Regulatory Affairs
PO Box 30054
Lansing, MI 48909
If you have questions, they can be contacted at (517)-241-6470 or CorpsMail@michigan.gov.