Why Do You Need Michigan Reinstatement For Your LLC Or Corporation?
Administrative dissolution revokes the benefits a company receives according to its business entity type. Michigan reinstatement is the process that will return a noncompliant company to good standing with the state.
What Is Needed To File For Reinstatement?
If a company wants to return to good standing after administrative dissolution, it has to resolve all outstanding compliance issues, file the necessary paperwork, and pay the corresponding fees and penalties. There is no universal reinstatement process because each state has specific laws.
LLC – An administratively dissolved Michigan LLC has to file a Certificate of Restoration of Good Standing with the Department of Licensing and Regulatory Affairs (LARA). You also have to submit delinquent annual statements and their corresponding fees.
You can submit your documents to LARA by mail or in person. If you file by mail, include the money order or check payable to the State of Michigan. Walk-in filings require payment by Mastercard or Visa.
Corporation – Michigan corporations have to file a Certificate of Renewal of Corporate Existence with LARA. You also need to submit all past-due annual reports and fees. You can download the form online or draft your own.
Mailed filings require a money order or check payable to the State of Michigan. If you choose to file in person, your payment options are Visa or Mastercard only.
How Much Will It Cost To Reinstate?
LLC – The filing fee for the Certificate of Restoration of Good Standing is $50. Each annual statement costs $25. Michigan does not have late penalties for past-due reports of LLCs. If you want expedited service, you will have to pay an additional fee.
- 24 Hours – $100
- Same-Day – $200
- Two-Hour – $500
- One-Hour – $1,000
Corporation – The filing fee for reinstating an administratively dissolved corporation in Michigan is $10. The fee for the annual report is $25 each. The state has a cap for the penalty. The maximum is $50 per year. LARA offers expedited service for an additional fee.
- 24 Hours – $100
- Same-Day – $200
- Two-Hour – $500
- One-Hour – $1,000
How Long Will This Process Take?
LARA normally takes around 3-5 business days to process Michigan reinstatement filings. If you choose expedited service, you will have to follow their schedule.
- 24-Hour – You will get it the following day.
- Same-Day – Submit by 1 PM so that they can finish it within the day.
- Two-Hour – Submit by 3 PM so that they can process it within two hours.
- One-Hour – Submit by 4 PM, and they will finish processing your documents in an hour.
What Is Required On The Forms?
LARA allows business entities to draft their own documents if they do not want to use the readily available forms. However, you need to make sure you include the required information.
LLC
- Name And Address Of The Filer
- LLC Name
- The Identification Number That The Bureau Assigned
- New Name, If Applicable
- Name And Address Of The Registered Agent
- Name, Signature, And Telephone Number Of The Authorized Representative
Corporation
- Name And Address Of The Filer
- Company Name
- The Identification Number That The Bureau Assigned
- Date And Place Of The Meeting Of Shareholders Or Directors Approving The Renewal Of The Corporate Existence If You Organized The Company On A Nonprofit Directorship Basis
- Corporation Term, If Not Perpetual
- Name, Signature, And Telephone Number Of The Authorized Representative
What Cannot Be Changed On The Forms?
LLC – You cannot change the principal address of the LLC or update the names and addresses of its members or managers on the Certificate of Restoration of Good Standing.
Corporation – You cannot change the principal address or update the pieces of information related to the officers and directors of the company using the Certificate of Renewal of Corporate Existence form. You cannot change your registered agent as well.
What If My Company’s Name Is In Use When I Need To Reinstate?
If another business entity is using the original name of your Michigan company, you have no choice but to use an alternative.
How Can DoMyLLC Assist With Streamlining?
Getting your Michigan company back into good standing with the state requires you to follow multiple steps. However, the process will depend on the structure of your business. Completing all the necessary transactions and Michigan reinstatement can be slightly overwhelming for many.
If you think you need help, contact an experienced company like DoMyLLC. You can count on our team to assist you throughout the entire ordeal. We also offer personalized solutions and live support, so you can expect our service to cater to the specific needs of your business.
Michigan Reinstatement FAQs
Can you change your registered agent on the reinstatement?
LLC – You can change the name and office address of your registered agent on the Certificate of Restoration.
Corporation – You cannot change the name and office address of your registered agent on the renewal form. Instead, do this by filing a Change of Agent form or updating the information in your company’s annual statement.
How many annual statements can your company fail to submit before the state prohibits reinstatement?
The state does not administratively dissolve a company after it fails to file an annual statement. It will do so only after two missing reports. However, it does not have a maximum number of missing reports that will prohibit you from reinstating.
How long can your company be inactive with the state before it has to start over as a new business entity?
You can restore the good standing status of your Michigan company at any time.