3-Item Checklist for Business Owners in February
3-Item Checklist for Business Owners in February
February is a crucial month for business owners, bringing important deadlines and obligations that can impact your business operations. To help you stay ahead, here’s a simple three-item checklist to keep your business on track this month.
1️⃣ File Your Annual Report
All Michigan businesses must file their Annual Report by February 15, 2025 to remain in good standing. Failure to file on time can lead to penalties or even administrative dissolution. The easiest way to file is electronically through Michigan’s LARA website using your CID/PIN.
2️⃣ Begin Tax Preparation
Tax season is here! If you haven’t started gathering your financial documents, now is the time. Consider checking with the Accounting Aid Society to see if your business qualifies for free tax services and valuable financial resources. Staying ahead of your tax filings ensures compliance and helps you take advantage of available deductions.
3️⃣ Review Business Compliance
Take this time to verify that your licenses, permits, and certifications are up to date. Missing or expired documentation can result in unnecessary fines and disruptions. Conduct an internal audit and address any compliance gaps to keep your business running smoothly.
Final Thoughts
By taking action on these three key items, you can ensure that your business remains compliant and financially prepared for the year ahead. If you have any legal questions or need assistance with business law matters, Upton Law, PLLC is here to help!
At Upton Law PLLC, we’re here to help you navigate your business administration to stay active, booked and busy.
Meet the founderShakeena Melbourne
At the heart of Upton Law is Shakeena Melbourne, founder and Principal Attorney, a lawyer who is a fierce advocate for your peace of mind and happiness.
Recent Posts
