What is A Michigan Amendment?
Michigan requires all businesses that decide to change some items on their formation documents to file an amendment. They have to formalize the changes that can affect the structure of the business through an amendment. Doing this requires the filing of formal paperwork.
Reasons Why You Need To File An Amendment
Generally, if you make changes to the items that you reported on the company’s Articles of Incorporation/Organization, you need to file an amendment with the state.
A. Changing The Company Name –
- LLCs
The state has to be aware of the name that your company uses when it conducts business in Michigan. You have to report any changes that you make to the company name. Submitting an amendment will let the state know about your plan. You also need to update the name of your company on all legal records.
- Corporations
If you wish to operate under a new name, your Michigan corporation has to follow the legal process. Filing an amendment will inform the state of your plan to change the company name. Aside from this, you also need to make sure that all government records reflect the new name of your corporation.
B. Changing Members Of The Business –
- LLCs
Michigan does not require LLCs to include information about their members and/or managers in the Articles of Organization. So, you do not have to file an amendment even if there are changes related to the members or managers. The changes can be reflected in the if company operating agreement.
- Corporations
The same rule applies to corporations. Since you do not have to include information about the officers and directors of your company in the Articles of Incorporation, you do not have to file an amendment. You can make the changes in the annual report.
C. Changing Address Related To The Business –
- LLCs
Michigan LLCs do not have to indicate their principal addresses on the Articles of Organization. You do not have to file an amendment if you change your company’s office address.
- Corporations
On the other hand, Michigan corporations have to inform the state about their office addresses. So, you have to file an amendment if your company moves to a different location or you can update on the annual report.
D. Changing Contact Information –
- LLCs
The Department of Licensing and Regulatory Affairs has to know how to reach your Michigan LLC. You have to report any changes to the contact information of your company. Include your business telephone number on the Certificate of Amendment.
- Corporations
Michigan corporations also need to report changes to their contact information. This way, you can be sure that all legal queries reach your company. The Certificate of Amendment has a section for your corporation’s telephone number.
E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – Michigan does not authorize LLCs to issue stock. So, these business entities do not have to worry about this. As for corporations, if your company wants to change the number of shares that it is authorized to sell, you have to inform the state about it.
What Is Needed To File An Amendment?
LLC
Your Michigan LLC has to file a Certificate of Amendment to the Articles of Organization with the Department of Licensing and Regulatory Affairs. You can download a copy of the form from the department’s website or draft one. You can submit through mail or in person. The filing fee is $25.
Corporation
Michigan corporations have to submit a Certificate of Amendment to the Articles of Incorporation to the Department of Licensing and Regulatory Affairs. You can use the state forms or draft your own. You can file through mail or in person. Filing of an amendment costs $10.
How Can DoMyLLC Assist With Streamlining The Process?
Making changes to a company’s formation documents require proper completion and filing of paperwork. Depending on the changes, you may also have to take care of other documents. To help ease the process, you can turn to a reliable document filing company like DoMyLLC. Our team can provide support and assistance to Michigan business owners who need help in handling formalities to ensure compliance with the state.
Michigan Amendment FAQs
Is There A Filing Fee For The Amendment?
Michigan LLCs have to pay the $25 filing fee, while the filing fee for corporations is $10. If you want expedited service, you can request it for an additional fee.
- 1-hour service – $1,000
- 2-hour service – $500
- Same-day service – $200
- 24-hour service – $100
What Information Is Required For The Articles Of Amendment?
LLCs need to provide the following information:
- Name of the company
- Address of the company
- LLC’s identification number
- The organization date
- Exact text of the amendment
- Manner of approval
- Authorized signature
Corporations have to include the following information:
- Name of the company
- Address of the company
- Corporation’s identification number
- Exact text of the amendment
- Adoption date
- Manner of approval
- Authorized signatures
How Long Does It Take The State To Process The Amendment?
The Department of Licensing and Regulatory Affairs usually takes 3-5 business days to finish the processing of amendment documents. You can request expedited service, which is available on the same day, within 24 hours, 2 hours, and 1 hour.
Do You Receive A Copy Of The Certified Amendment From The State?
The state will return the original document to your registered office address. It will also keep an electronic record of the document.
Michigan Business Resources
Michigan Office of Secretary of State
Phone:
(517) 241-6470
Address:
Michigan Department of Labor & Economic Growth
PO Box 30054
Lansing, MI 48909
If you’re interested in more info on filing an amendment, call 888-366-9552.