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Q: What are the filing fees for an LLC in Michigan?
A: The filing fee for an LLC in Michigan is $50 if filed online or $60 if filed by mail or in person.
In addition to the filing fee, Michigan requires LLCs to file an annual report and pay a $25 annual report fee.
Q: What are the benefits of forming an LLC in Michigan?
A: Some benefits of forming an LLC in Michigan include:
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Limited liability protection: LLC owners (called members) are generally not personally liable for the LLC's debts and liabilities, providing a level of protection from creditors.
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Pass-through taxation: LLCs are generally taxed as a pass-through entity, which means the profits and losses of the LLC are "passed through" to the members, who report the income or loss on their individual tax returns.
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