Michigan Selected Consequences of Public Company Status Memorandum

State:
Multi-State
Control #:
US-TC1014
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Word; 
PDF; 
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Description

As a result of the public offering of securities by the company, the company will be obligated to file various periodic reports with the SEC. This memorandum lists all those reports (10-K, 10-Q, 8-K, etc.), what each report is, and the filing guidelines for each one.

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  • Preview Selected Consequences of Public Company Status Memorandum
  • Preview Selected Consequences of Public Company Status Memorandum
  • Preview Selected Consequences of Public Company Status Memorandum
  • Preview Selected Consequences of Public Company Status Memorandum
  • Preview Selected Consequences of Public Company Status Memorandum
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FAQ

Yes, you have to file an Annual Report for your Michigan LLC every year. It is a state requirement in order to keep your LLC in good standing. This is required regardless of business activity or income. Meaning, even if your LLC does nothing and makes no money, you still have to file the Annual Report every year.

(e) The corporation may sue and be sued in its corporate name and process may issue by and against the corporation in the same manner as if dissolution had not occurred. (f) An action brought against the corporation before its dissolution does not abate because of the dissolution.

Corporation ? Michigan corporations have to file a Certificate of Renewal of Corporate Existence with LARA. You also need to submit all past-due annual reports and fees. You can download the form online or draft your own. Mailed filings require a money order or check payable to the State of Michigan.

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 ...

Limited Liability Company Annual Report Per the Michigan Limited Liability Company Act, all LLC owners must file a yearly report. The form is due no later than February 15 of each year, but LLCs, including foreign LLCs, formed after September 30 do not have to file a report in the year following their formation.

A corporation or LLC usually loses its good standing status due to various compliance issues such as a lapse in annual report filing or non-payment of franchise taxes. These issues sometimes remain undetected until the worst possible time?like at the closing table for an expansion or financing deal.

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.

Online: Go to Michigan's Department of Licensing and Regulatory Affairs (LARA) website and follow the website's instructions to complete an online Order Request Form and pay by credit card (Visa, MasterCard, or Discover). By Phone: Call the Corporations Division at (517) 241-6470.

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Michigan Selected Consequences of Public Company Status Memorandum