Do you do business as a Michigan limited liability company or a Michigan corporation? Did you know that you need to file an annual report with the State of Michigan (and pay a small fee) in order to keep that company or corporation in existence?
The State of Michigan sends reminders to business owners to file their reports each year. However, the reminder is sent to the address that was used when the business was started. If a business owner has moved and failed to give the State of Michigan the new address, he or she may never receive the reminder.
If a business owner fails to file their annual report for two years, the State of Michigan will automatically dissolve the company or corporation. Continuing to operate as a dissolved business can lead to personal liability of the business owner for any debts incurred by the business.
It only takes a moment to check the current status of your business, and it could save you a great deal of time and trouble. If you are concerned about this issue or other matters pertaining to your business, please request a free consultation.