Michigan Sworn Statement - Corporation or LLC

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Control #:
MI-05A-09
Format:
Word; 
Rich Text
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Understanding this form

The Sworn Statement for Corporations or LLCs is a legal document governed by Michigan law. This form serves to provide a detailed accounting of subcontractors and suppliers involved in a construction project. It is particularly crucial when a contractor seeks payment from an owner or lessee, or when the owner demands proof of payment obligations related to construction work. The key differentiator of this form is that it ensures transparency regarding financial obligations, detailing who is owed money for labor and materials.


Form components explained

  • Identification of the contractor or subcontractor responsible for the improvement.
  • Listing of subcontractors, suppliers, and laborers owed payment along with their contact information.
  • Detailed breakdown of amounts owed, including total contract price, payments made, and remaining balances.
  • Declaration of any claims of construction liens associated with the property.
  • Space for notarization to validate the statement.
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When to use this document

This form should be used when a contractor is seeking payment for their services or materials provided to a construction project. It can also be utilized to fulfill a demand from the owner or lessee for documenting payment obligations. Additionally, it is applicable when submitting an accounting of financial obligations for labor and materials on residential or commercial properties in Michigan.

Who can use this document

This form is intended for:

  • Contractors and subcontractors working on construction projects in Michigan.
  • Corporations or LLCs involved in building improvements.
  • Owners or lessees of properties who need to verify payment statuses for subcontractors and suppliers.

How to complete this form

To complete this form, follow these steps:

  • Identify the contractor or subcontractor, including their corporation name and title.
  • Specify the property and include the legal description of the site.
  • List all subcontractors, suppliers, and laborers, including their contact details and amounts owed.
  • Ensure that any claims of construction liens are accurately stated.
  • Sign the document before a notary to validate the sworn statement.

Does this document require notarization?

Yes, this form must be notarized to be legally valid. US Legal Forms offers integrated online notarization services that are available 24/7. This process is secure and convenient, allowing you to complete the notarization via a video call without the need to travel.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

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Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Form selector

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

Form selector

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

Form selector

We protect your documents and personal data by following strict security and privacy standards.

Common mistakes

  • Failing to list all subcontractors or suppliers accurately.
  • Not including the legal description of the property.
  • Forgetting to notify relevant subcontractors about the sworn statement after submission.
  • Neglecting to have the form notarized when required.

Why use this form online

  • Convenient online access for easy form downloads at any time.
  • Editable templates that allow customization according to specific project details.
  • Reliability from templates drafted by licensed attorneys ensuring legal compliance.

Summary of main points

  • The Sworn Statement for Corporations or LLCs is essential for documenting payment obligations in construction projects.
  • Proper completion and notarization of the form are critical for legal compliance in Michigan.
  • Using this form can help avoid potential construction lien claims by ensuring transparency with all parties involved.

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FAQ

Contact the Michigan Department of Licensing and Regulatory Affairs for copies, certificates, or general information. Lansing, Michigan 48909-7554.

Choose a Name for Your LLC. Appoint a Registered Agent. File Articles of Organization. Prepare an Operating Agreement. Comply With Other Tax and Regulatory Requirements. File Annual Statements.

If your business is a sole proprietorship or general partnership, called a co-partnership in Michigan, register your business name with the county clerk's office. There are two types of name registrations at the county level: assumed name and co-partnership name.

Contacting the local Secretary of State (SOS) office via Phone or Email is free and is the most reliable way to check your business name availability. Online, you can search for Michigan businesses entities for free via the Michigan Department of Licensing and Regulatory Affairs (LARA) website (click here to visit).

Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.

Contact the Michigan Department of Licensing and Regulatory Affairs for copies, certificates, or general information. Lansing, Michigan 48909-7554.

Obtain a FEIN. Register the assumed business name with the County Clerk. Obtain UIA Number. Obtain a Sales Tax License. Register your business with the Michigan Department of Treasury. Obtain all necessary permits.

In many instances, the Secretary of State's office allows businesses to request a copy of their articles of incorporation by phone, or in person. In some instances, a request for copies of incorporation may be initiated by fax, email, or by writing the Secretary of State or Department of State's office.

Choose a Business Name. Check Availability of Name. Register a DBA Name. Appoint Directors. File Your Articles of Incorporation. Write Your Corporate Bylaws. Draft a Shareholders' Agreement. Hold Initial Board of Directors Meeting.

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Michigan Sworn Statement - Corporation or LLC