How To File Your Annual Statement for an LLC
Limited Liability Companies (LLC's) are required to file documents to stay in good standing with their governmental agencies. Here are a few tips to help you file your Annual Statement for your LLC.
What is the form that I need to file?
The form you need to file depends on the state in which your LLC is registered. Some states require a different form for annual statements, that needs to be filed with the state's secretary of state or division of corporations that regulates LLCs. For example, in California, the Secretary of State will send out an Annual Statement - Statement of Information form, which is to be filed by April 15th. For Michigan, this form is called an Annual Form and can be found here: www.michigan.gov/corpfileonline . The deadline for submission is February 15.
When do I need to file my annual statement?
In Michigan, Limited Liability Companies are required to file Annual Statements on or before February 15 to remain in good standing. You will need your company's name, ID number, and pin number, which you can find by conducting an entity search: https://cofs.lara.state.mi.us/SearchApi/Search/Search
Who needs to file an annual statement for their LLC?
If you own an LLC, you are required to file an annual statement with Licensing and Regulatory Affairs (LARA). The cost for filing is $25 plus a small convenience fee.
These fees can be waived for Veterans www.michigan.gov/corpveteranfeewaivers . Additionally, if you formed your LLC after September 30th of the previous year, you're not required to file an annual statement on February 15.
For more information, here's an informational document from LARA: https://www.michigan.gov/documents/dleg/BCS_CD_265_281962_7.pdf .
The process of preparing an Annual Statement is not difficult. All you need to do is make sure the document contains the correct information and follows all filing rules. If you have any questions about how to file your annual statement, contact our team https://www.christastephens.info/businessservices .