How to Register Your Business as a Sole Proprietorship in Michigan: A Step-by-Step Guide

by
How do I register my business as a sole proprietorship in Michigan?
How to Establish a Sole Proprietorship in Michigan Choose a business name. File an assumed name certificate with county clerk’s office. Obtain licenses, permits, and zoning clearance. Obtain an Employer Identification Number.
Read more on www.nolo.com

As a sole proprietor, you hold the only ownership interest in your company and are liable for all of its liabilities. It’s crucial to comprehend the procedures involved in establishing your firm if you’re thinking about launching a single proprietorship in Michigan. Examples of Businesses with a Sole Proprietorship

The most straightforward kind of business entity is a sole proprietorship. Freelancers, consultants, and small retail enterprises are a few types of single proprietorship businesses. How to Register Your Business in Michigan as a Sole Proprietorship

1. Pick a Business Name: Pick a name for your company that is distinct and hasn’t been taken by another company in Michigan. On the website of the Michigan Department of Licensing and Regulatory Affairs (LARA), you can look up names that are currently available.

2. Register Your Business: The state of Michigan does not require sole proprietorships to register. However, you must submit a “Doing Business As” (DBA) form to the county clerk’s office where your business is located if you intend to run it under a name other than your own.

3. Obtain Licenses and permissions: Depending on your type of business, you might need to get licenses and permissions from the state of Michigan or your local government. To find out which licenses and permits you require, contact LARA.

4. receive an EIN: You must receive an Employer Identification Number (EIN) from the IRS if you intend to hire staff members or open a business bank account.

What is a Corporation’s Assumed Name?

A corporation that conducts business under a name other than its legal name is said to be doing so under an assumed name. If a corporation, for instance, operates under the legal name “ABC Corporation,” it is permitted to use the fictitious name “XYZ Company.”

Can a Corporation Operate Under Another Name?

A corporation may indeed conduct business under a DBA. However, the corporation is required to submit a DBA form to the county clerk’s office in the county where the company is based. In addition, the corporation must use its legal name in all correspondence and agreements.

FAQ
You can also ask how do i register my business as a sole proprietorship in michigan?

I’m happy to assist you with that. The steps to register your company in Michigan as a sole proprietorship are as follows: 1. Pick a distinctive name for your company.

2. Fill out a company name registration form and submit it to the Michigan Department of Licensing and Regulatory Affairs. 3. Obtain any licenses or permits your company may require. 4. Ask the Internal Revenue Service (IRS) for an Employer Identification Number (EIN).

5. Register with the Michigan Department of Treasury to pay taxes in Michigan. 6. Open a unique business checking account. 7. Maintain thorough records of all business earnings and outlays.

To make sure that you are meeting all legal and financial standards for your firm, you might also want to speak with an attorney or accountant.

What is an assumed name for a corporation?

A corporation may conduct business under a name other than its legal name, which is known as an assumed name. It is sometimes referred to as a fictional name or a “DBA” (doing business as) name.

Leave a Comment