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Amending the Articles of Incorporation in Michigan is required if you make any changes to your formed corporation. An amendment is a process through which you report the structural or any change in your corporation to the Michigan Secretary of State. To do so, you are required to follow a few simple steps. You need to get the amendment form, enter the details of the changes, and submit it to the appropriate address along with the amendment fee.
In this article, we have shared the process in detail. You will learn how to amend Michigan Articles of Incorporation in easy steps. It will be helpful for you if you read the article till the end.
The Michigan Articles of Incorporation is a legal document that you need to file with the Secretary of State while registering your corporation in Michigan. It is similar to the Articles of Organization you file while creating an LLC in Michigan. If you already own a corporation in Michigan, you must know what the Articles of Incorporation is. However, those who are not aware of this document can get all the required details from this page. The Articles of Incorporation is a set of papers that have all the information regarding your corporation and are filed with the Secretary of State. You must pay the filing fees to register your Articles of Incorporation.
This document has information related to your corporation. Details like the name of the corp, principal address, Michigan Resident Agent details, corporation structure, directors, shareholders, and signature of the incorporators should be mentioned in the document. An online or offline form mentioning these details should be filed with the SOS at the time of forming your corporation. You must pay the filing fee to the state online or by check.
Like forming an LLC, for the corporation, it takes some time to form your business in Michigan after filing the documents. You can expedite the filing process by paying additional money over the filing fees.
It is good to make changes in your Articles of Incorporation. When you change anything, specifcally the name, it brings good and bad effects to the company. Make sure the name change does not affect your revenue or status adversely.
– LLCBuddy Editorial Team
There are three main steps to file your amendment to the Michigan Articles of Incorporation. Before you proceed with the steps of filing the form, you must know what changes you can make in your corporation and what changes you cannot. Let’s start with the first step and some related information,
Updating your Articles of Incorporation periodically can be beneficial by making necessary changes. However, frequent alterations in structure or name may not be advisable. The first step involves determining which changes are needed and assessing their potential impact. Modifying aspects of your existing business can affect your revenue or client relationships, so it’s crucial to carefully consider whether the changes are truly necessary and what consequences they may bring.
An up-to-date Articles of Incorporation reflects the current status of a corporation in Michigan. The key elements of your updated Articles of Incorporation may include the advantages of being a Resident Agent, the company’s contact information, and the process for receiving legal notices, among other details.
The subsequent step involves reviewing the changes. The Michigan Secretary of State may request additional supporting documents based on the modifications made to your corporation. After finalizing the changes, you can proceed to draft the Michigan corporate amendment. Consult with the SOS to determine if any other documents need to be submitted. For instance, if you are changing the business name, you might be required to submit a name change/reservation form along with the Michigan Corporate Amendment form.
It is not easy to change things in your business. Besides, there are some restrictions in changing things in your corporation in Michigan. There are things you can change, but there are things that you cannot change. I have mentioned a few points in this article that you can change above, such as the name, statement of purpose, and the number of shares issued. Now, there are things that you cannot change in the Articles of Incorporation.
If you started a corporation in Michigan, you must initially have appointed a Resident Agent. You cannot change the initial registered agent in the Articles of Incorporation Corporate Amendment. You can change it using other methods and forms available in the Michigan SOS.
Another point is the initial mailing address of your corporation cannot be changed in the Michigan Corporate Amendment. In this case, you can change it through other methods requiring different forms.
The third point is the initial directors who formed the corporation in Michigan. The details of the initial directors cannot be changed in the Michigan Corporate Amendment. There is no other way to change the directors’ details.
Finally, file the Michigan Corporate Amendment with the Secretary of State by the methods (online or offline) available. You must go through the filing process mentioned on the SOS official website before you start the filing process. You must pay the state fees for filing the Michigan Corporate Amendment.
If you are in Michigan and have formed an LLC, you must file the Certificate of Amendment in Michigan with the SOS if you make any changes to the limited liability company.
There can be several reasons why you make changes to your corporation. A business runs based on diverse components. From economic conditions to internal structures (shareholders and directors), the corporation can change many times in its life based on external or internal reasons.
Change of Michigan Corporation Name: The name of the corporation does not often change because it is the primary identity of any business. Sometimes, a spelling or the entire name requires to be changed for many reasons. In that case, the corporation has to file the amendment with the SOS mentioning the old and new names. They have to submit the business name change form with the amendment form.
Change of Statement of Purpose: This is a document where you explain the purpose of your corporation. The purpose says that you are involved in legal and lawful activities through your business. If you are having a nonprofit, you must have a community purpose. If you change that purpose, you must file the amendment. If you change the nature of the business or the purpose of the corporation overall, then you must file an amendment.
Change in Numbers of Stocks and Shares: Finally, if you change the number of shares or stock issues in your company, then you must amend it. It can be reduced or increased if you decide to remove or add a shareholder/partner to the corporation. In that case, it must be amended with the SOS.
Now, one question arises when we talk about filing the amendment what happens if you don’t amend the Michigan Articles of Incorporation? The answer is simple. You might have to pay heavy penalties if you do not file it. Besides, you may lose existing clients as they may not be interested in continuing to work with your company.
They might cancel the existing contract; you might lose the bank loan or advance opportunities, or you may lose the business bank accounts for not complying with the amendment filing requirements. Hence, it is highly recommended to amend the Michigan Articles of Incorporation.
To amend the Articles of Incorporation in Michigan, you need to file a Certificate of Amendment with the Michigan Department of Licensing and Regulatory Affairs (LARA).
Do I need to obtain any approvals before amending the Articles of Incorporation in Michigan?Generally, no approvals are required before amending the Articles of Incorporation in Michigan, but it’s always recommended to consult with legal counsel.
Can I amend the purpose clause of the Articles of Incorporation in Michigan?Yes, you can amend the purpose clause of the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
What information do I need to include in the Certificate of Amendment for amending the Articles of Incorporation in Michigan?
The Certificate of Amendment filed with LARA for amending the Articles of Incorporation in Michigan should include the name of the corporation, the current Article being amended, and the corrected Article.
How long does it take to amend the Articles of Incorporation in Michigan?The processing time for amending the Articles of Incorporation in Michigan varies, but it typically takes a few weeks for LARA to process the filing.
Can members of the corporation propose amendments to the Articles of Incorporation in Michigan?Yes, members of the corporation can propose amendments to the Articles of Incorporation in Michigan, but the final approval lies with the board of directors.
Do I need to pay a fee for amending the Articles of Incorporation in Michigan?Yes, there is a filing fee associated with amending the Articles of Incorporation in Michigan, and the fee amount may vary.
Can I amend the registered office address in the Articles of Incorporation in Michigan?Yes, you can amend the registered office address in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
What happens after I file the Certificate of Amendment to amend the Articles of Incorporation in Michigan?
After filing the Certificate of Amendment to amend the Articles of Incorporation in Michigan, LARA will review the filing and send a confirmation once the amendment is accepted.
Can I amend the duration of the corporation in the Articles of Incorporation in Michigan?Yes, you can amend the duration of the corporation in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the number of authorized shares in the Articles of Incorporation in Michigan?Yes, you can amend the number of authorized shares in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Is there a specific form I need to use for amending the Articles of Incorporation in Michigan?Yes, you need to use the official form provided by LARA to file a Certificate of Amendment for amending the Articles of Incorporation in Michigan.
Can I add new provisions to the Articles of Incorporation in Michigan?Yes, you can add new provisions to the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I remove existing provisions from the Articles of Incorporation in Michigan?Yes, you can remove existing provisions from the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I change the name of the corporation in the Articles of Incorporation in Michigan?Yes, you can change the name of the corporation in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Are there any restrictions on amending the Articles of Incorporation in Michigan?There may be restrictions on amending certain provisions of the Articles of Incorporation, so it’s important to review the current Articles and consult legal counsel before making any changes in Michigan.
Can I amend the purpose statement of the corporation in the Articles of Incorporation in Michigan?Yes, you can amend the purpose statement of the corporation in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I change the fiscal year end date in the Articles of Incorporation in Michigan?Yes, you can change the fiscal year end date in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the indemnification provisions in the Articles of Incorporation in Michigan?Yes, you can amend the indemnification provisions in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the officer and director information in the Articles of Incorporation in Michigan?No, officer and director information is typically included in the Bylaws of the corporation, not the Articles of Incorporation, so you would need to update the Bylaws separately in Michigan.
Can I amend the shareholder information in the Articles of Incorporation in Michigan?No, shareholder information is typically not included in the Articles of Incorporation in Michigan, so any changes to shareholder information should be handled through other corporate records.
Can I amend the voting rights provisions in the Articles of Incorporation in Michigan?Yes, you can amend the voting rights provisions in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the dissolution provisions in the Articles of Incorporation in Michigan?Yes, you can amend the dissolution provisions in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the registered agent information in the Articles of Incorporation in Michigan?Yes, you can amend the registered agent information in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the amendment procedure itself in the Articles of Incorporation in Michigan?Yes, you can amend the amendment procedure itself in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the capital contribution requirements in the Articles of Incorporation in Michigan?Yes, you can amend the capital contribution requirements in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can I amend the distribution of assets provision in the Articles of Incorporation in Michigan?Yes, you can amend the distribution of assets provision in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
Can investors propose amendments to the Articles of Incorporation in Michigan?Yes, investors can propose amendments to the Articles of Incorporation in Michigan, but the final approval usually lies with the board of directors.
Can I amend the quorum requirements for shareholder meetings in the Articles of Incorporation in Michigan?
Yes, you can amend the quorum requirements for shareholder meetings in the Articles of Incorporation in Michigan by filing a Certificate of Amendment with LARA.
How do I amend Michigan Articles of Incorporation?To amend Michigan Articles of Incorporation, you must file Articles of Amendment with the Michigan Department of Licensing and Regulatory Affairs (LARA).
Amending the Michigan Articles of Incorporation may not involve numerous steps, but the process can be more complex than it appears. It’s crucial to carefully consider any changes to ensure they do not negatively impact your business or client relationships. Before proceeding with modifications and amendments, it is advisable to consult with an attorney or legal professional for guidance.
Due to the complicated structure, forming a corporation in Michigan might be difficult. However, after forming the corporation, managing it seems to be more difficult for many people. A frequent change may or may not occur. But, every time you make a change, you must file the amendment with Michigan SOS. It is also suggested that you do not make changes frequently as it may affect your brand in a reverse way.
