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People also ask
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How do I dissolve my Michigan LLC?
How do you dissolve an Michigan Limited Liability Company? To dissolve your LLC in Michigan, submit a completed Michigan Certificate of Dissolution form to the Department Licensing and Regulatory Affairs (LARA) by mail or in person. The form cannot be filed online. Use of LARA forms is optional.
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What is the Ecclesiastical corporation Act in Michigan?
Whenever any number of churches or other corporations organized for religious purposes desire to unite in a central organization for the accomplishment of any common purpose they may incorporate such organization by severally adopting, at meetings specially called for the purpose, resolutions expressing their desire to ...
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What happens if an LLC is not in good standing in Michigan?
If your Michigan LLC has lost its good standing, you can still do business in Michigan. However, you won't be able to file any other paperwork with LARA – not even to dissolve your Michigan LLC. After two years, your Michigan LLC's name will become available for other businesses to use.
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What are the cons of dissolving an LLC?
Some of the cons include: Creditors can object to the dissolution, and those creditors can potentially take legal action. This legal action may force the business to pay outstanding debts. The leases on any properties owned by the business are not automatically terminated when the business is dissolved.
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How much does it cost to dissolve an LLC in Michigan?
Michigan Dissolution FAQs The filing fee for normal processing is $10. You may choose expedited processing for an additional fee. It varies depending on the processing time. For 24-hour processing, you will have to pay an additional $100.
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What is the annual fee for an LLC in Michigan?
Michigan LLC Cost. Forming an LLC in Michigan costs $50—the state fee to file the Michigan Articles of Organization. You'll also need to pay a $25 annual report fee every year to keep your LLC active.
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What happens to debt when you dissolve an LLC?
When a limited liability company goes “out of business,” the company dissolves and goes through the “winding up” process. During the winding-up process, the LLC and its members must resolve all outstanding legal matters, including debts and contractual obligations the company owes.
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Do I have to file an annual report for my LLC in Michigan?
The State of Michigan requires all LLCs to file their annual reports no later than the 15th day of February. The only exception that is made is if an LLC is formed after September 30. Examples: Formed LLC on July 30, 2021 – Filing due February 15, 2022.
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