ABC Construction LLC was formed in Michigan on March 15, 2024. When is their first Annual Statement due to LARA?
Correct Answer
D) May 15, 2025
Michigan LLCs must file their Annual Statement by May 15th of each year, regardless of when they were formed during the previous year.
Why This Is the Correct Answer
Michigan LLCs are required to file an Annual Statement (sometimes called Annual Report) with LARA by May 15th of each calendar year, regardless of when during the previous year the LLC was formed. An LLC formed on March 15, 2024 must file its first Annual Statement by May 15, 2025 — the May 15th following its first full or partial year of existence.
Why the Other Options Are Wrong
Option A: March 15, 2025
March 15, 2025 would be exactly one year from formation, which seems logical but is incorrect. Michigan does not tie Annual Statement due dates to the LLC's formation date. The deadline is always the fixed date of May 15th each year.
Option B: December 31, 2024
December 31, 2024 is the end of the calendar year of formation, not an Annual Statement deadline. Michigan's Annual Statement is not due at year-end. This date might confuse candidates familiar with tax filing deadlines.
Option C: June 30, 2025
June 30, 2025 has no relevance to Michigan LLC Annual Statement filing. There is no mid-year alternative deadline. May 15th is the fixed and universal deadline for all Michigan LLCs.
Memory Technique
Michigan LLCs file by 'May 15 — always.' Think of it as 'Mid-May is Michigan's deadline.' The date never changes based on when you formed the company.
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