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Michigan Liability for Annual Reports Under Two Statutes

Category:
Michigan Secretary of State - Blue Sky - Securities - Enforcement
State:
Michigan
Control #:
MI-SOS-C51
Format:
PDF
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Description

Liability for Annual Reports Under Two Statutes Michigan Liability for Annual Reports Under Two Statutes refers to the requirements for businesses operating in the state of Michigan to file annual reports. The two statutes are the Michigan Business Corporation Act and the Michigan Limited Liability Company Act. Under the Michigan Business Corporation Act, businesses must file an annual report with the Michigan Department of Licensing and Regulatory Affairs (LARA) within 60 days of the anniversary of their formation. The report must include the name of the corporation, its registered office address, its registered agent, and the names and addresses of its directors. It must also include the total number of shares authorized and the number of shares issued and outstanding. Under the Michigan Limited Liability Company Act, businesses must file an annual report with LARA within 90 days of the anniversary of their formation. The report must include the name of the LLC, its registered office address, its registered agent, and the names and addresses of its members. It must also include the total number of members and the total amount of contributions made to the LLC. Failure to comply with either of these statutes may result in fines or other penalties.

Michigan Liability for Annual Reports Under Two Statutes refers to the requirements for businesses operating in the state of Michigan to file annual reports. The two statutes are the Michigan Business Corporation Act and the Michigan Limited Liability Company Act. Under the Michigan Business Corporation Act, businesses must file an annual report with the Michigan Department of Licensing and Regulatory Affairs (LARA) within 60 days of the anniversary of their formation. The report must include the name of the corporation, its registered office address, its registered agent, and the names and addresses of its directors. It must also include the total number of shares authorized and the number of shares issued and outstanding. Under the Michigan Limited Liability Company Act, businesses must file an annual report with LARA within 90 days of the anniversary of their formation. The report must include the name of the LLC, its registered office address, its registered agent, and the names and addresses of its members. It must also include the total number of members and the total amount of contributions made to the LLC. Failure to comply with either of these statutes may result in fines or other penalties.

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