The Forms Required for an LLC in Michigan

By David Ingram

The state of Michigan provides ready-made forms for most requirements of LLC formation. Entrepreneurs starting an LLC in Michigan can visit the Bureau of Commercial Services' website to obtain most forms necessary to register an LLC and comply with state regulations for existing LLCs. Gathering all of the required forms before starting the formation process can help ensure that your LLC registration goes smoothly.

The state of Michigan provides ready-made forms for most requirements of LLC formation. Entrepreneurs starting an LLC in Michigan can visit the Bureau of Commercial Services' website to obtain most forms necessary to register an LLC and comply with state regulations for existing LLCs. Gathering all of the required forms before starting the formation process can help ensure that your LLC registration goes smoothly.

Name Registration

The first step in forming an LLC in Michigan is to select and register your business name. Although this is technically accomplished via the articles of organization, Michigan provides a form that will allow you to reserve your desired business name before you form your company. Form BCS/CD-540, “Application for Reservation of Name,” simply requires you to fill in your desired name and the form of organization you will use — in this case, LLC. LLCs require the highest filing fee for name reservation -- $25 in 2010.

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Articles of Organization

The articles of organization serve as the formal registration document for your LLC. The state of Michigan provides an online template, Form BCS/CD-700, the articles. Articles of organization set forth your business name and purpose, as well as contact information for your registered agent. You must submit the articles of organization through the mail or in person, along with the filing fee set forth in the instructions attached to the template.

Operating Agreement

Operating agreements go quite a bit more in-depth than the articles of organization, setting forth members' rights and responsibilities as well as procedural guidelines for top management. Michigan does not provide an operating agreement template; you can create the agreement from scratch or download a ready-made, multi-state template online. Operating agreements stipulate the initial members of the company, as well as their relative percentages of ownership, the capital contributions of each and the distribution of profits. The agreement covers the managerial hierarchy of the members, and provisions for members' selling their ownership stakes. As of 2010, Michigan does not require an operating agreement to form an LLC, but executing one is highly advisable.

Annual Statement

LLCs are required to file an annual statement, or annual report, similar to traditional corporations. Unlike corporations, however, LLCs submit their statement to the state rather than the Securities and Exchange Commission. Towards the end of your first year of business, the Bureau of Commercial Services will mail you a copy of Form BCS/CD-2700, the annual statement template, for you to complete and submit. Annual statements include a balance sheet, income statement and statement of cash flows; they also include a section for management to discuss the progress or challenges faced in the year in question and explain any extraneous financial statement items.

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Steps to Form a Michigan LLC

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How to File an LLC in Michigan

A limited liability company, or LLC, is a type of business organization that combines the best aspects of a corporation and a partnership. An LLC combines the limited liability protections of a corporation with the less voluminous filing requirements and pass-through taxation of a partnership. Starting a Michigan LLC requires filing a document, called an Articles of Organization, with the Michigan Department of Energy, Labor & Economic Growth (DELEG).

How do I Form an LLC?

The limited liability company (LLC) form of business organization is a relatively new option in the business world, only first appearing in the United States in 1977. The process of forming an LLC varies slightly by state, but a good number of similarities exist among all states. Knowing the general process for forming an LLC can serve as a good starting point as you dig deeper into your specific state's requirements.

How to Become an LLC in Michigan

The limited liability company business structure is a popular form of organization in the United States including in the state of Michigan. Michigan LLCs are required to follow a similar process to LLCs in other states. Michigan provides ready-made forms for LLC filings, including a free online template for the articles of organization. Learning the process of forming an LLC in Michigan can help you take advantage of this unique business form in the Great Lakes State.

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