LLC Operating Agreement in Michigan

Michigan Requirements

• Operating agreement is not required but is strongly recommended
• Articles of Organization filed with LARA ($50)
• Annual statement due by February 15 ($25)
• Must designate a registered agent with a Michigan street address
• Michigan Business Tax (MBT) or Corporate Income Tax may apply depending on LLC's tax election

How to Complete This Form

1. 1Determine the management structure of the LLC (member-managed or manager-managed).
2. 2Define each member's ownership percentage and capital contributions.
3. 3Outline how profits and losses will be allocated among members.
4. 4Establish voting rights, decision-making procedures, and meeting requirements.
5. 5Include provisions for adding or removing members and transferring membership interests.
6. 6Address dissolution procedures and what happens if a member leaves or passes away.
7. 7Have all members sign the agreement and retain copies with the company records.

LLC Operating Agreement in Other States

Other Forms in Michigan