PROFIT AND PROFESSIONAL SERVICE CORPORATIONS
The Business Corporation Act, 1972 PA 284, section 925 provides that a domestic corporation that has been automatically dissolved under section 922 and a foreign corporation whose certificate of authority has been revoked under section 922 or section 1042, may renew its corporate existence or certificate of authority by filing the reports and paying the required fees for the years for which they were not filed and for every subsequent intervening year, together with the penalties provided by section 921. Upon filing the reports and payment of the fees and penalties, the corporate existence or the certificate of authority is renewed.
For automatic dissolutions/withdrawals that occurred after February 24, 1978, the fee for each prior year profit corporation report is $75.00. If renewal is received May 15 or later, the current year report is also required with the $25.00 filing fee and the penalty fee is $10.00 per month or portion thereof, beginning May 16 (see section 921). Foreign profit corporations may owe additional fees if shares attributable to Michigan have increased. Fees and penalties for reports due before February 24, 1978, are subject to the penalties and interest in effect on the statutory filing date. Interest accrues at such rates until the filing is completed.
NONPROFIT CORPORATIONS
The Nonprofit Corporation Act, 1982 PA 162, section 925 provides that a domestic corporation that has been automatically dissolved under section 922 and a foreign corporation whose certificate of authority has been revoked under section 922 or section 1042, may renew its corporate existence or certificate of authority by filing the reports for the last 5 years or any lesser number of years and paying the required fees for all the years for which they were not filed together with the penalty of $5.00 for each report. Upon filing the reports and payment of the fees and penalties, the corporate existence or the certificate of authority is renewed. The fee for each prior year nonprofit report is $25.00. If renewal is received October 1 or later, the current year report is also required with $25.00.
STEPS TO DETERMINE AMOUNT OWED AND SUBMIT REPORT(S)
1. VIEW IMAGES AND ESTIMATE FEES OWED
View images of all filed documents and reports using the Business Entity Search to determine which reports are delinquent and estimate what fees may be owed before proceeding with your renewal.
- For profit corporations, the report is not required to be filed in the year of incorporation or authorization.
- For nonprofit corporations formed or qualified 1996 or later, the report is not required to be filed in the year of incorporation or authorization.
2. COMPLETE AND SUBMIT REPORT(S)
The oldest report must be filed first (noted by Annual Report Due Date), and you must proceed in date order. Only one report may be submitted at a time.
- Upon review and filing the first report, you will receive notification of filing and then may proceed to the next year report (the Annual Report Due Date will update each time), repeating this process until all reports required to renew existence are completed.
Review times can take up to 10 business days for non-expedited submissions. Current review times are available by viewing the processed through date displayed on the Business Entity Search.
