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The Michigan LLC Annual Report is a filing that keeps your LLC's contact information up to date with the Michigan Department of Licensing and Regulatory Affairs (LARA). It can be filed online or by mail and it keeps your LLC in compliance and in good standing.
An annual report for a publicly traded company typically contains highlights of the company's activities and performance during the previous year, future goals and objectives, a letter to shareholders from the CEO or company president, an auditor's report, and detailed financial statements.
The final step is to write the letter to shareholders. This letter is drafted by the CEO, chairperson, or company owner and offers a high-level overview of the business's operating activities and finances for the previous year.
Generally, these are the 7 must-have pages: Cover Page. Table of content. Note From CEO, Chief Operating Officer, or Director. Executive Summary. Financial Overview. Project Overview. Projections.
Design for clarity. Begin with a summary page that sets up the information to come. Use visuals to capture the attention of your audience and clearly separate different sections. Choose typography that makes the report easy to read and understand. ... Use white space to add clarity and emphasize the most important points.
Michigan Annual Reports must be submitted using the LARA Corporations Online Filing System OR by mailing the pre-filled form the state will send your resident agent 90 days prior to your filing due date. To File Online: Go to the LARA Corporations Online Filing System. Enter your customer ID number and PIN.
How to Create a Great Annual Report 1) Choose the right format. 2) Craft a narrative. 3) Demonstrate your impact. 4) Humanize your work. 5) Visualize the numbers. 6) Follow design best practices. 7) Surprise your readers.
Your annual report should include four main components: the chairman's letter, a profile of your business, an analysis of your management strategies, and your financial statements. Adding creative elements like graphic design and a narrative can also help your annual report double as a marketing tool.