Michigan LLC Formation
If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Michigan is easy, fast, and affordable.
|Michigan LLC Costs|
|Michigan Filing Fee||$50|
You will need to provide the name of your LLC, the Registered Agent's name and physical address, and the name of the organizer (the person forming the LLC).
Steps to Forming a Michigan LLC
- Complete the TotalLegal online interview.
- TotalLegal performs an LLC name availability search.
- TotalLegal will file your LLC with the Michigan Secretary of State.
When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Michigan.
Michigan LLC Advantages
- Michigan has a low state filing fee ($50)
Michigan keeps the names of the owners (members) and the actual business address private (so private they don't even collect it or keep it on file). The Registered Agent of your LLC will be public information To help maintain your privacy, you can choose to have TotalLegal be your Registered Agent.
- Fast approval times.
Since TotalLegal files electronically for you, your LLC is typically approved in a few business days.
Maintaining a Michigan LLC
It's not hard at all. Each Michigan LLC is required to file an Annual Statement every year. The state of Michigan Corporations Division will mail the Annual Statement to the registered agent's address 90 days before the Annual Statement is due. The form should be reviewed to make sure all the information is correct. If any information regarding the LLC needs to be updated, it can be done so on the Annual Statement form.
Making Changes to Your LLC
Making changes to your LLC in Michigan is pretty inexpensive compared to other states. All the forms you need to amend your LLC and/or change your Registered Agent are available online from the Michigan Corporations Division.
Why use TotalLegal?
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Michigan very easy.