A Michigan Certificate of Restoration of Good Standing (Foreign LLC) is an official document that is issued by the Michigan Department of Licensing and Regulatory Affairs (LARA) to foreign LCS that have registered as foreign entities in the state of Michigan. The Certificate of Restoration of Good Standing verifies that the LLC is in compliance with all state laws and regulations and that it is in good standing with the state. It also confirms that the LLC has the right to transact business in the state. There are two types of Michigan Certificate of Restoration of Good Standing (Foreign LLC): a Certificate of Restoration of Good Standing for a Domestic LLC and a Certificate of Restoration of Good Standing for a Foreign LLC.
Michigan Certificate of Restoration Of Good Standing (Foreign Llc)
State:
Michigan
Control #:
MI-CD-771
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Certificate Of Restoration Of Good Standing (Foreign Llc)
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FAQ
To register a foreign corporation in Michigan, you must file a Michigan Application for Certificate of Authority to Transact Business or Conduct Affairs in Michigan with the Michigan Department of Licensing and Regulatory Affairs. You can submit this document online, by mail, or in person.
You can use the business entity search managed by the Michigan Department of Licensing and Regulatory Affairs. Search by business name, ID number or an individual's name to find out if a business is registered in Michigan.
Michigan's state statutes don't specify what activities count as doing business in the state, but in general, a foreign LLC will need to register with the state if it hires employees, owns or leases property, or uses its business name to sell goods in Michigan.
How much does a Michigan Certificate of Good Standing cost? The fee for a certificate of good standing is $10 for requests made online, by mail, or by phone. In-person requests cost $12.50 ($10 plus a $2.50 expedite fee).
In many states, a company that is not in good standing may not bring a lawsuit in that state until good standing is restored. Difficulties in securing capital and financing. Most lenders view a loss of good standing as an increased risk and may not approve new financing to a company that is not in good standing.
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.
A limited liability company that is not in good standing is not entitled to issuance by the administrator of a certificate of good standing described in subsection (1), the name of the company is available for use by another entity filing with the administrator, and the administrator shall not accept for filing any
Using an Assumed Name To do so in Michigan, you must register your assumed name with the Michigan Department of Licensing and Regulatory Affairs. You register by mail by filing a Certificate of Assumed Name. The filing fee is $25. The registration is good for five years.