Home > business, business law, startups > Michigan Corporations: Maintain your Corporate Formalities and Keep up your Guard.

Michigan Corporations: Maintain your Corporate Formalities and Keep up your Guard.

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

Corporation owners are reminded that annual filing fees and statements must be filed by May 15, 2016.

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

LARA sent a reminder that failure to file will result in penalties. LARA also sent a reminder as follows:

“section 922(1) of the BCA provides that if a domestic corporation fails to file its annual report and filing fee for two years, the corporation will be automatically dissolved 60 days after the expiration of the 2-year period. Section 922(2) of the BCA provides that if a foreign corporation fails to file its annual report and filing fee for one year, its certificate of authority is subject to revocation 60 days after the expiration of the 1-year period. A corporation that has been automatically dissolved or withdrawn is not entitled to a certificate of good standing, its corporate name will be available for use by another entity, and no document will be filed on behalf of the corporation

Additional information is available on the Corporations Division website atwww.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

Twitter: @JeshuaTLauka

www.dwlawpc.com

Advertisements
Categories: business, business law, startups Tags:
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: