Filing fee: $50 · Agency: Michigan Department of Licensing and Regulatory Affairs (LARA)
Processing time: 10 business days; 1-business-day expedite available for an extra fee.
Annual report: Annual report fee: $25.
Franchise tax: Michigan does not impose a franchise tax on LLCs. LLCs are generally treated as pass-through entities for tax purposes. Financial institutions are subject to a different franchise tax based on net capital.
Notes: Michigan does not require an operating agreement to be filed with the state, but it is highly advisable. Michigan also allows for anonymous LLCs as member information is not added to the state's public record.