Michigan LLC Renewal Fee: Everything You Need To Know
The Michigan LLC renewal fee is the domestic charge and foreign corporations pay to renew corporate existence which is also called the certificate of authority.3 min read
2. Filing the LLC Renewal Form
3. Where to Send Your LLC Renewal Form in Michigan
4. Find Out How Much You Owe
5. Filing Past Due Annual Reports
6. Michigan Corporation Renewal Costs
The Michigan LLC renewal fee is the charge domestic and foreign corporations pay to renew corporate existence, which is also called the certificate of authority. The corporation requesting renewal has to completely fill out the Certificate of Renewal of Corporate Existence. This must be submitted along with reports and unpaid fees for any years that have been missed. An extra $10 penalty is charged for each month a report is late, though a $50 penalty is the maximum amount added for each annual report that has become delinquent.
Where to Get the LLC Renewal Form
The forms are available for download from the website of the Department of Licensing and Regulatory Affairs, also called LARA. However, you don't have to use the downloaded forms. You are permitted to use forms you make yourself. You also have to option to create your own forms as long as you're sure to include all the information that's required to process the form. After filing your paperwork for your registered agent service, your Certificate of Renewal is immediately available when you log into the LARA website.
Filing the LLC Renewal Form
While the forms to file for your LLC renewal are available online, they can't be filed over the internet. You can file by mail if you include a check or money order, or you can file in person using a check, money order, or credit card featuring either the VISA or MasterCard logo. If you file by mail, be sure to add your corporation name and ID number and make it out to the State of Michigan. Also be sure there is one copy of the original LARA form and your company's annual reports included in the envelope.
Where to Send Your LLC Renewal Form in Michigan
When you have all your documents ready, remember to pay any past-due fees along with your Renewal Certificate filing fees. The mailing address for LARA is:
Michigan Department of Licensing and Regulatory Affairs
Bureau of Commercial Services
P.O. Box 30054
Lansing, MI 48909
To file your LLC renewal form in person, the address is 2501 Woodlake Circle, Okemos, MI.
Find Out How Much You Owe
If you're behind on reporting and aren't sure what you owe, visit the LARA Business Entity Search on their website to find out what you have filed and what reports are missing. When you know what reports you still need to file in order to catch up, you can then calculate how much you owe for each missed filing before you ask LARA to renew your LLC. You should also check to see if the name of your corporation is still available if you're filing late.
Filing Past Due Annual Reports
Corporation holders are required to contact LARA when filing annual reports that are past due in order to renew a foreign or domestic corporation. To contact the agency, you can email email@example.com or call (517)241-6470. If you email, include:
- The name of your corporation
- Your six-digit ID that was issued by LARA
- A note stating whether you want your reports sent by email, fax or postal service mail.
You will also need to provide confirmation of your corporation's registered agent as well as that entity's mailing address and street address. This is the person or business that agrees to accept any legal documents the courts or state send to your company.
Michigan Corporation Renewal Costs
There are several different price options to consider when renewing your LLC in Michigan, including:
- $10 for the renewal certificate
- $25 per annual report filing fee
- Up to $50 per year annual penalty for late filing
There are also added fees if you are asking LARA to provide expedited processing, including:
- $100 for 24-hour processing
- $200 for same-day processing
- $500 for two-hour processing
- $1,000 for one-hour processing
After the original filing, the Annual Report is due by February 15th of each year. An LLC must file this report each year because it helps the state keep its records current. It also helps gives creditors and anyone who needs to contact your business for legal reasons a way to find you. If you don't file these reports on time, after two years your business name is available for others to claim.
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