The process of forming a corporation in Michigan can be complicated, but with the correct assistance, it need not be intimidating. In this post, we’ll walk you through the process of forming a corporation in Michigan, step by step. We’ll also address some related inquiries, like how to complete a Michigan Article of Organization LLC and how to file an annual report.
Choosing a name for your company is the first step in creating a corporation in Michigan. According to Michigan law, your corporation’s name must be distinct from existing business names registered with the state. Using the online search tool provided by the Corporations Division of the Michigan Department of Licensing and Regulatory Affairs (LARA), you may determine whether the name you want is available.
The next step is to file Articles of Incorporation with the Michigan LARA Corporations Division once you’ve decided on a name for your corporation. Your corporation’s name, goals, registered agent, and the total number of authorized shares of stock must all be listed in the Articles of Incorporation.
Get an Employer Identification Number (EIN) in step three. The Internal Revenue Service (IRS) issues an Employer Identification Number (EIN), a special nine-digit number, to identify your firm for tax purposes. The IRS website offers an online EIN application process.
Register for State Taxes in Step 4 You must register with the Michigan Department of Treasury for state taxes if your firm plans to employ people or collect sales tax. Using the Michigan Treasury Online (MTO) system, you can register for state taxes online.
The LARA Corporations Division must receive an annual report from all Michigan corporations. By the conclusion of the corporation’s anniversary month each year, the report must be submitted. You can submit your annual report online by visiting the website for the LARA Corporations Division. How to Complete an Article of Organization LLC in Michigan
You must submit an Article of Organization to the LARA Corporations Division if you’re registering a Michigan Limited Liability Company (LLC). Basic details about your LLC, such as its name, objectives, registered agent, and members’ names and addresses, must be included in the Articles of Organization. Articles of Incorporation in Michigan: Where to Apply
To sum up, registering a corporation in Michigan can be a difficult procedure, but if you follow the detailed instructions above, you can be sure that your registration is accurate and comprehensive. Don’t forget to complete an annual report and, if applicable, register for state taxes. Make sure to fill out an Article of Organization if you’re registering an LLC. And don’t be afraid to speak with an attorney or other trained professional if you need assistance at any stage throughout the procedure.