June 1, 1993
101. This act shall be known and may be cited as the “Michigan limited liability company act”. History: 1993, Act 23, Eff. June 1, 1993.
How long does a LLC take to process in Michigan?
It normally takes 10-15 business days for the LLC paperwork to be approved in Michigan. Expedited processing is also available for an additional fee.
How much does it cost to register an LLC in Michigan?
How much does it cost to form an LLC in Michigan? The Michigan Department of Licensing and Regulatory Affairs charges $50 for regular service and $100 for priority rush filing. It will cost $25 to file a name reservation application, if you wish to reserve your LLC name prior to filing the Articles of Organization.
How many members does a multi member LLC have?
A Multi-Member LLC is abbreviated MMLLC and is the term used for an LLC that has 2 or more Members (owners). There are no limits* to the number of Members a Multi-Member LLC can have and the LLC Members can be individual people, or they can be companies (like another Corporation or LLC).
Can a non-US citizen form a multi-member LLC?
Multi-Member LLCs are allowed in all 50 states. Multi-Member LLCs can be formed by both US citizens, as well as non-US citizens and non-US residents*. The same goes for Single-Member LLCs. *If a Multi-Member LLC elects to be taxed as an S-Corp with the IRS, the number of owners (called “shareholders”) cannot be more than 100.
Can a multi member LLC be taxed as a C Corp?
While this is their default tax classification, multi-member LLCs can request to be taxed as an S corp by filing Form 2553 or taxed as a C corp by filing Form 8832 . Multi-member LLCs are pass-through entities, which means the company itself doesn’t pay taxes.
Can a company have more than one agent?
You may serve as the company’s registered agent as long as you have a physical address within the state. The articles of organization must also list the names and addresses of all of the organizing members of the LLC. If you are filing a single-member LLC, the state requires only one name on the form.
