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.
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 can file 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 mailed form 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 Michigan Resident Agent
- Name and address of the officers, directors, members, and/or managers
Michigan Annual Statement Fee
The Annual Report filing fee for the Michigan LLC or corporation is $50.
Annual Statement Due Date
The State of Michigan has different deadlines depending on the business entity.
Corporations: The Annual Statement for Michigan corporations is 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 of the following year.
LLCs: The Annual Statement for LLCs in Michigan is due February 15th of each year. If the LLC was formed after September 30th, filing an annual statement in February is not required.
The Department of Licensing and Regulatory Affairs office sends a reminder to the Registered Agent on file 90 days before 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.
Michigan Annual Statement FAQs
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 business activity, the Annual Statement must still 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 up to $50 if their report is late.
Not filing on time means the entity is no longer in good standing with the state. Without 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 Michigan Department of Licensing and Regulatory Affairs will administratively dissolve the entity.
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.
