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If you don't dissolve your LLC in Michigan properly, you could be liable for any of the unpaid taxes or liabilities of the business. This is why it's so important to ensure that the process is done right the first time around.
The grantor is the owner transferring the real estate, while the grantee is the individual or organization receiving the property. In Michigan, a deed must be signed by the grantor, notarized, and recorded to the Register of Deeds for the property transfer to be considered valid and effective.
There is a 2 year ?grace period? for filing your Michigan Annual Report. If you file within 2 years of the due date, there are no late fees or penalties. If you don't file within 2 years of the due date, your LLC will lose its ?good standing? status (and other people are able to use your LLC name).
If you do not have your deed, then you can get a recorded copy of it at the Register of Deeds; and a recorded copy is just as good as the original. You can come in person, send us a request by mail, or search online. Search and copy fees will apply.
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.
The Michigan Department of Licensing and Regulatory Affairs (LARA) doesn't administratively dissolve LLCs. However, it will take away your Michigan LLC's good standing if you fail to file annual reports. If your Michigan LLC has lost its good standing, you can still do business in Michigan.
In Michigan, every LLC must file an annual statement each year. The Michigan Department of Licensing and Regulatory Affairs will send you a pre-printed annual statement form approximately three months before the due date. You can either use this form or file your statement online.
How to Create a Michigan Warranty Deed Form The parties' names; An accurate legal description of the property; A statement of consideration; and. The co-ownership form the new owners will use to hold title (if there are multiple new owners).