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MI HB4701
Bill
Status
12/20/2018
Primary Sponsor
Holly Hughes
Click for details
AI Summary
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Reduces the annual statement of resident agent and registered office fee from $25.00 to $15.00 for filings made after September 30, 2019.
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Waives the initial articles of organization filing fee for domestic limited liability companies where a majority of initial membership interests are held by veterans.
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Waives all filing fees for domestic or foreign limited liability companies where a majority of membership interests are held by veterans, with proof of veteran status required.
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Requires veterans seeking fee waivers to submit signed affidavits and copies of form DD214, DD215, or other acceptable Department documentation proving veteran status.
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Effective date is March 19, 2019 (90 days after December 19, 2018 enactment).
Legislative Description
Businesses; limited liability companies; certain fees under Michigan limited liability company act; waive for certain veterans. Amends sec. 1101 of 1993 PA 23 (MCL 450.5101).
State agencies (existing): licensing and regulatory affairs
Last Action
Assigned Pa 380'18 With Immediate Effect
12/20/2018