Michigan Annual Reports for Professional Corporations are documents that must be filed annually with the Michigan Department of Licensing and Regulatory Affairs (LARA) in order to maintain a Professional Corporation’s legal status in the state. These reports provide the state with information about the Professional Corporation’s officers, directors, and shareholders, and must be submitted within six months of the corporation’s fiscayear-endnd. There are two types of Michigan Annual Reports for Professional Corporations: the Administrative Report and the Statement of Professional Corporation. The Administrative Report must be submitted annually and includes information such as the Professional Corporation’s name, address, and date of formation, as well as the names and addresses of its officers, directors, and shareholders. The Statement of Professional Corporation must be filed once, when the Professional Corporation is initially formed, and includes more detailed information about the Professional Corporation’s formation and structure.