Important Filing Deadlines and Requirements

Requirement: Mandatory for all S corporations filing separate business returns.
Who is affected: Non-exempt entities with 20 or fewer employees.
Deadline: December 31, 2024.
Penalty for non-compliance: $500 per day for not reporting.
How to file: Visit FinCEN - Beneficial Owner Information to get started.

Requirement: Required for all LLCs and corporations.
Deadlines:
- LLCs: February 15, 2025
- Corporations: May 15, 2025
- Non-Profit Corporations: October 1, 2025
Additional Info: Watch for a letter from the State of Michigan Department of Licensing and Regulatory Affairs (LARA) that includes a company ID number.
How to file: Filing can be done online or via mail. Visit Michigan Corporate Filings Online to begin the process.