Are you looking for help to close an LLC in Michigan? You are in luck. This article will provide all the steps and necessary information to help you successfully dissolve your LLC. We will answer the question: “How do I close an LLC in Michigan?”

How Do I Close An LLC in Michigan?

Closing an LLC in Michigan requires several steps. First, you must hold a dissolution meeting of LLC members, and record the dissolution vote in the minutes. After this, you must file all required Annual Reports with the Michigan Secretary of State. Finally, you must submit a certificate of dissolution to the Michigan Department of Licensing and Regulatory Affairs. It’s also important to remember that you must request a tax clearance from the Michigan Department of Treasury within 60 days of filing the dissolution. Here are the steps you need to take in order to close an LLC in Michigan:

  • Hold a Members meeting and record a resolution to Dissolve the Michigan LLC
  • File all required Annual Reports with the Michigan Secretary of State
  • Submit a certificate of dissolution to the Michigan Department of Licensing and Regulatory Affairs
  • Request a tax clearance from the Michigan Department of Treasury within 60 days of filing the dissolution

It is important to remember that if an LLC is not in good standing, an additional step must be taken. This requires following the LLC’s operating agreement to determine what steps must be taken to dissolve the business.

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What is the fee for shutting down a LLC in Michigan?

Submitting the Articles of Dissolution for an LLC in Michigan requires a $10 fee. Upon doing so, the Department of Licensing and Regulatory Affairs, Corporations Division will supply you with a Certificate of Dissolution, verifying that the LLC has been dissolved as of Jan 20, 2023.

What is the process for shutting down an LLC?

In order to terminate an LLC, you must submit a final tax return to both the state and the IRS. Make sure to indicate that this is the last return to be filed. Additionally, fill out Schedule K-1 and provide a copy to each member, so they are aware of losses and gains to be reported on their individual taxes.

What is the process for obtaining a Dissolution in Michigan?

In order to be eligible for divorce in Michigan, one spouse must provide evidence that the marriage has deteriorated to an extent that it cannot be repaired, and that there is no likelihood of the marriage being salvaged.

What is the duration of an LLC in Michigan?

In Michigan, you must register an assumed name with the Michigan Department of Licensing and Regulatory Affairs by completing a Certificate of Assumed Name and submitting it by mail. The fee for this is $25, and the registration is valid for five years.