Are you wondering how to dissolve an LLC in Michigan? Knowing the steps and filing the necessary paperwork correctly is an important part of the process. In this article, we will provide an overview of the steps you need to take in order to dissolve an LLC in Michigan. We’ll cover how to hold a dissolution meeting for LLC members, how to file a certificate of dissolution, how to obtain a tax clearance, and more.

How Do I Dissolve an LLC in Michigan?

Dissolving an LLC in Michigan requires the LLC to follow the steps outlined in Michigan’s Limited Liability Company Act (MCL 450.4804). Upon dissolution of a limited liability company under items 1 or 3, a Certificate of Dissolution (CSCL/CD 731) shall be filed. A tax clearance must be obtained before the Certificate of Dissolution can be filed. After you have voted to dissolve your LLC, you must file a certificate of dissolution with the Michigan Department of Licensing and Regulatory Affairs (“LARA”).

Steps to Dissolving a Michigan LLC

Dissolving a Michigan LLC involves the following steps:

  • Step 1: Hold the Dissolution Meeting of LLC Members
  • Step 2: Follow Your Michigan LLC Operating Agreement

Step 1: Hold the Dissolution Meeting of LLC Members

The first step in dissolving an LLC in Michigan is to hold a dissolution meeting of LLC members. At this meeting, the members must vote to dissolve the LLC. This can be done by mail, online, or in person at the Michigan Department of Licensing and Regulatory Affairs (check to confirm your local office’s hours of operation). The vote must be recorded in the minutes of the meeting, and the resolution to dissolve the LLC must be signed by all members.

Step 2: Follow Your Michigan LLC Operating Agreement

The next step is to follow the provisions of your Michigan LLC operating agreement. The operating agreement should specify how the LLC will be dissolved and outline the procedures for winding up its affairs. This includes distributing assets to members, paying creditors, filing taxes, and other matters related to dissolution.

Step 3: File a Certificate of Dissolution

Once the dissolution meeting has been held and the LLC’s operating agreement has been followed, the next step is to file a Certificate of Dissolution (CSCL/CD 731) with the Michigan Department of Licensing and Regulatory Affairs. This can be done online, by mail, or in person at the local office. A tax clearance must be obtained before the Certificate of Dissolution can be filed.

Dissolving an LLC in Michigan is a complex process that requires attention to detail. By following the steps outlined above, you can ensure that your LLC is dissolved properly and in compliance with Michigan laws.

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What is the fee for closing a LLC in Michigan?

Submitting the Articles of Dissolution for an LLC in Michigan will incur a $10 filing fee. Upon receipt of the documents, the Department of Licensing and Regulatory Affairs, Corporations Division will issue a Certificate of Dissolution, verifying the dissolution of the LLC.

What is the process for obtaining a Dissolution in Michigan?

To receive a divorce in Michigan, one of the spouses must provide evidence that the marriage has been irreparably damaged beyond repair, and there is no hope of restoring it.

What procedure do you follow to close an LLC?

To shut down an LLC, you must submit a last tax statement to the state and the Internal Revenue Service (IRS). Mark the box that indicates this is the final return for the LLC. Fill out the Schedule K-1 and provide each member with a copy to use in filing their own personal taxes, which will include any losses or gains associated with the LLC.

How long is the lifespan of an LLC in Michigan?

In Michigan, you must register your assumed name with the Michigan Department of Licensing and Regulatory Affairs by filing a Certificate of Assumed Name. The cost of the registration is $25 and it is valid for five years.

What steps do I need to take to withdraw my name from a Michigan LLC?

If a member wishes to leave the organization voluntarily, they only need to submit a letter. However, if the withdrawal is not voluntary, the other members may have a voting procedure in the operating agreement that allows them to remove the member.

Which document do I need to use to dissolve a corporation in Michigan?

To close your Michigan corporation that has started conducting business, submit Form 531, Certificate of Dissolution, to the Michigan Department of Licensing and Regulatory Affairs (LARA).