Home > business, business law, litigation, Uncategorized > Michigan LLCs – Maintain your Corporate Formalities and Keep up your Guard.

Michigan LLCs – Maintain your Corporate Formalities and Keep up your Guard.

Yesterday I received an e-mail reminder from the Michigan Department of Licensing and Regulatory Affairs (LARA)

LLC owners are reminded that annual filing fees and statements must be filed by February 15.

“Annual statements and annual reports can be filed online at www.michigan.gov/fileonline.”

LARA sent a reminder as follows:

Also, the act provides that if a domestic or foreign limited liability company or professional limited liability company fails to file an annual statement, required by section 207(3) or 909 of the act, within 2 years of the due date of the annual statement that the limited liability company will no longer be in good standing.

A limited liability company that is not in good standing is not entitled to issuance by the administrator of a Certificate of Good Standing, the name of the company is available for use by another entity filing with the administrator, and the administrator shall not accept for filing any document submitted by the limited liability company, other than a Certificate of Restoration of Good Standing.  However, the limited liability company remains in existence and may continue to transact business in the state.”

Additional information is available on the Corporations Division website at www.michigan.gov/corporations or by calling the Corporations Division at (517) 241-6470.

I’m glad LARA sends out these reminders. It is important as a business owner to maintain your corporate formalities.

I previously posted on this subject “Lessons for Business Owners – Keep up your Guard

Questions?

Comments?

e-mail: Jeshua@dwlawpc.com

www.dwlawpc.com

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