How Can I Sign Michigan Permission Slip

Michigan 5081 Form 2017

the following information is provided for educational purposes only and in no way constitutes legal tax or financial advice for legal tax or financial advice specific to your business needs we encourage you to consult with a licensed attorney and/or CPA in your state the following information is copyright protected no part of this lesson may be redistributed copied modified or adapted without prior written consent of the author a limited liability company is a hybrid between the corporation and a partnership an LLC protects your assets in the event of a lawsuit in order to form your LLC you must file LLC formation documents with the Secretary of State once your documents are approved and sent back to you your LLC is now in existence and authorized to do business in the state we have spent considerable time to make the details of this video simple and easy to understand however we cover a lot of ground and you are going to hear a lot of new terminology we do recommend it after you watch this video you watch it a second time in order to fully comprehend all the information provided please make sure you have watched the first lesson on researching your LLC's name your desired LLC name must be available for use before you proceed with filing your LLC formation documents your LLC is required to list a registered office and a registered agent within your LLC formation documents the registered office is a physical address it cannot be a Pio box that is located in the state where your LLC is formed a registered agent is a person or a company who agrees to accept legal mail and important documents on behalf of your LLC in Michigan they use the term resident agent but this means the same thing as registered agent for our purposes we will refer to it as registered agent the registered agent is located at the registered office and is generally accessible during normal business hours as we mentioned a agent can be a person or a company who has an address in the state where your LLC is formed you as an individual can be your LLC's registered agent however your LLC cannot be its own registered agent for individuals who have an address in the state it is most common that they serve as the LLC's registered agent having said that the individual person you choose as a registered agent does not need to be a member of the LLC it can be a friend a family member or frankly anyone you know who agrees to accept service of process on behalf of your LLC service of process at the delivery of legal mail and important documents sent from the state or a law firm to your LLC correspondence from the state can include items such as business requirements late notices and copies of formation documents legal documents can include items such as subpoenas and/or complaints for legal action again the purpose of designating and registered agent is to authorize someone to accept service of process on behalf of your LLC whoever agrees to be your LLC's registered agent aka your resident agent must agree to do so some states require that they sign your LLC formation documents but Michigan does not require this you will just need to list their name and address within your LLC formation documents the purpose of a registered agent and its registered office is to be a point of contact for the state and to accept service of process for your LLC you or someone you know can be your LLC's registered agent so long as you have an address in the state if you don't have an address in the state that you can use or you don't want to serve as your LLC's registered agent you can hire a commercial registered agent using a commercial registered agent will also help protect your privacy as the information listed in the LLC formation documents will become public record a commercial registered agent is a company that specializes in receiving service of process on behalf of businesses nationwide they typically charge between 100 and 300 dollars per year if you decide to use a commercial registered agent we recommend northwest registered agent LLC they have been in the business for more than two decades and have built up a solid reputation in the industry their fees are among the most affordable and their support is top-notch we've joined forces with them in order to provide registered agent services nationwide to our clients there's a link below this video where you can find instructions on how to sign up for their registered agent services now let's discuss your LLC formation documents the name of the LLC formation document for the state of Michigan is called the articles of organization this document is not complicated and contains basic information including listing your registered office and registered agent it will also require you to list your LLC's name and the name and address of the LLC member or members no need to stress out we will walk you through the details of the articles of organization in just a couple minutes and we will make sure you get it filled out correctly if you need to hire a commercial registered agent you will first need to hire them and then I'm taking their address before finalizing your articles of organization if you decide to use Northwest registered agent there's a link below this video where you can find instructions on how to sign up for their services you will find the filing fee amount the accepted forms of payment and the address where to send your articles of organization below this video you will need to mail your completed articles of organization along with the filing fee to the state your articles of organization do not need to have original signatures you can file a copy of your original if you prefer it is a good idea however to keep either the original or a copy for your own records there are no additional costs or filing fees to form your LLC once you mail the filing fee along with your articles of organization the state will review and process your paperwork if there are any errors or issues with your articles of organization the state will mail back a letter within structions on what needs to be corrected if there are no issues with your filing the state will mail back your articles of organization with their stamp of approval within approximately 10 to 15 business days if you're in a rush and you knew the documents quicker the state offers expedited services which will reduce the review time to 24 hours or less instead of waiting the normal time for your approval this means you would get your approval in approximately 5 to 10 business days you can find information about expedited services and the fees below this video once you receive your stamped approval your LLC is now a legally formed business in the state of Michigan please keep a copy of your stamped and approved articles of organization with your business records until you have confirmation your LLC has been officially approved do not order your EIN also known as your federal tax ID number or start to use your LLC for any business purposes Michigan requires that you file an annual statement each year for your LLC if your LLC is approved between January 1st and September 30th then your first annual statement will be due on February 15th of the following year if your LLC approval date is between October 1st and December 31st then your first annual statement will be due the second February 15th after your LLC is approved in either case your LLC is required to file its annual statement every year after that by the February 15th deadline failure to file your LLC's annual statement on time will result in late fees even worse the state may dissolve or shut down your LLC if you continue to ignore this requirement in order to avoid these types of problems the state will automatically mail out a reminder every November to the address of your LLC's registered agent in case you do not receive that notification you will find a link below this video where you can submit your annual statement online we are now ready to fill out the articles of organization you can download this document below the video let's get started here we are inside the articles of organization this is a three page PDF you're going to be filling out page one the top of page two and then everything else is information and instructions feel free to read through them if you'd like but we've already covered this information in the video this form can be filled out on the computer or it can be printed out and then filled out by hand if you fill it out by hand please use blue or black ink also make sure to print the documents on white paper that is letter size that's your standard eight and a half by eleven inch also please note that I have a professional version of Adobe Acrobat you may just have a simple version of Adobe Reader and you may not have as much functionality in order to edit and type inside the document if that's the case simply print out the document and then fill it out by hand I've already filled out this document save some time in the first section at the top you're going to list your name and the address where you would like the documents sent back to this does not have to be the address of the registered agent and this can be any address it's just where you want to get the documents sent back to once they're approved underneath article 1 I've entered the name of the LLC in this example we're just going to call this company ABC widgets LLC make sure to include LLC or l dot L dot C dot at the end of your name and in this example I've used a comma the comma is not required that's just a personal preference so you can use one if you'd like or you can leave it out the next two sections article two and three can be left blank because these are the defaults article two states that the purpose for the limited liability company is to engage in any and all lawful activity within the state of Michigan pretty simple and pretty straightforward so you can leave that blank article three says the duration of the LLC or limited liability company if other than perpetual is but by default most LLC's are in existence perpetually that means until the members decide to close or dissolve the LLC so in this case article two an article 3 again you can leave those blank article four is where we're going to list the registered agent and the registered office this is also known as the resident agent in Michigan so in this example I've listed my name here just put John Doe as an example and I put my address in Lansing below now number three is most likely not going to be needed this would be if the mailing address is different than their street address but most of the time you'll just need to fill out section 1 and section 2 now I've also prepared this document let's switch windows over here ok and here's an example as if I were using a commercial registered agent it would look pretty much exactly the same and just in this case I've used Northwest registered agent and I have their address here in Troy all right back over this document alright in the next section article 5 you can leave this blank unless you need to attach any additional provisions most likely this is not going to be applicable so you can just leave that empty then at the bottom of the page you're going to write sign to this and then write the day of the month for this example this is just using the 10th of November 2014 now there's a very good chance that you're watching this video in the future and a lot of people sometimes have confusion around the date they think that they can forward date or backward this you cannot forward or backward date this document more than one week so if you're watching this video in 2016 or 2017 make sure using the appropriate date again write the day of the month the month and the year and then down here you're going to print your name then once you print this document out you're actually going to sign here where it says bye on the next page that are asking for the preparers name in this case this is also going to be you so you're going to list your name again and list your phone number over here on the right where it says name of person organization remitting fees you can leave that blank because that's not going to be applicable to other important things to make note of people do often ask if the document needs to be notarized it does not you just simply need to print it out and sign it and then it's ready to go another important thing is that if you're forming your LLC in the month of December and you don't actually need to be doing business in December we recommend that you actually wait and file this document in January the reason being is if your LLC is approved in December you may have to file additional taxes and it can often just be a little bit of a headache so it's best to wait until January if you don't need the business open in December and that pretty much wraps up this document it's very simple let's just go ahead and do a review again so at the top you're going to list your name and the address where you'd like the documents sent back to under article 1 you're going to list the name of your LLC article 2 and 3 you're going to leave those blank article 4 you're going to list the name and address of the resident agent aka registered agent this might be yourself this might be someone you know or it might be a commercial registered agent then article 5 you'll leave blank you'll simply date the document at the bottom list your name then when you print this document out you'll sign right here where it says bye and at the bottom you're going to list your name again and your phone number and remember the accepted forms of payments and the address where to send this document to are listed below this video once you send in your articles of organization along with your filing fee you will get back a copy of your articles of organization with a stamp of approval and your LLC will then be authorized to do business in the state and that concludes this lesson