LLC fees in Michigan
$50
Are LLC Fees Tax Deductible in Michigan?
Short answer: Yes, as a business expense: Michigan charges $50 to form an LLC; ongoing: $25 annual statement. Due Feb 15; LLCs formed after Sept 30 skip the first Feb 15. Fee scheduled to drop to $15 after Sept 30, 2027.
Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Records to keep: Keep the state filing receipt, proof of payment, and your LLC's formation and annual report confirmations.
LLC fees in Michigan
$50
General Business
Yes, as a business expense: Michigan charges $50 to form an LLC; ongoing: $25 annual statement. Due Feb 15; LLCs formed after Sept 30 skip the first Feb 15. Fee scheduled to drop to $15 after Sept 30, 2027.
Business justification
Yes, as a business expense: Michigan charges $50 to form an LLC; ongoing: $25 annual statement. Due Feb 15; LLCs formed after Sept 30 skip the first Feb 15. Fee scheduled to drop to $15 after Sept 30, 2027. Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Category
- Tax Write-Off Rules