Michigan LLC Operating Agreement

Single-member or multi-member operating agreement under your state's LLC act: ownership, management, capital, distributions, transfers and dissolution.

Free to fill & preview · $19 for the clean PDF + Word

This preview updates as you type. Blank fields show as ____ .

Michigan rules that this document follows

LLC statuteMichigan Limited Liability Company ActSource: MCL § 450.4101 et seq.
Operating agreement required?Not required by statute, but strongly recommendedSource: MCL § 450.4102(2)(r) (operating agreement means a written agreement)
Formation fee$50.00
Annual report$25.00 — Annual statement due Feb. 15Source: MCL § 450.4207
Charging order exclusive remedy (SMLLC)unclearSource: MCL §§ 450.4502 (voting per share of distributions), 450.4303 (distributions per contributions), 450.4507 (charging order exclusive remedy)

Rules current as of 2026-09-07. Statutes change; verify before relying on them.

How to use this LLC Operating Agreement in Michigan

Sign the agreement as soon as the LLC is formed and before opening the bank account. Fill Schedule A with actual contributions — the percentages drive profits, votes and buy-outs. Multi-member LLCs should agree on the buy-out formula now, while everyone is friendly.

Review annually and whenever a member joins, leaves, marries, or the tax election changes. Keep it with the articles, EIN letter and annual report receipts.

Frequently asked questions

Is an operating agreement required in Michigan?

Not by statute (MCL § 450.4102(2)(r) (operating agreement means a written agreement)). Banks, investors and courts expect a written agreement, and a single-member LLC without one is easier to pierce.

What are the ongoing state fees for an LLC in Michigan?

Annual/periodic report: $25.00 (Annual statement due Feb. 15; MCL § 450.4207).

Does the operating agreement get filed with the state?

No. It is an internal document. Keep the signed original with the Company records; banks and the IRS may ask for a copy.

Related documents

Other states

FormsByState provides self-help document templates and general information, not legal advice. We are not a law firm. For advice about your situation consult a licensed attorney in your state.