In Michigan, registering a business name is an essential first step in beginning a firm. It aids in setting your company apart from rivals and safeguarding your brand’s reputation. Depending on the kind of business entity you intend to create, the cost of registering a business name in Michigan varies. This article will examine how much it costs to register a business name in Michigan and provide answers to some related queries.
Depending on the kind of business entity you intend to create, the cost of registering a business name in Michigan varies. You do not have to register your business name with the state if you are a solo proprietor. However, you must submit a DBA (Doing Business As) form to the county clerk’s office if you intend to conduct business under a name other than your own. In Michigan, the cost to file a DBA varies by county, but it normally costs between $10 and $25.
The cost of submitting the Articles of Organization with the Michigan Department of Licensing and Regulatory Affairs (LARA) to register a limited liability company (LLC) is $50. Online or mail-in filing is an option. You can pay an additional $50 for 24-hour processing or $100 for same-day processing if you desire expedited processing.
The fee of submitting the Articles of Incorporation with LARA is $50 if you wish to form a corporation in Michigan. Online or mail-in filing is an option. You can pay an additional $50 for 24-hour processing or $100 for same-day processing if you desire expedited processing.
Let’s move on to the questions that are connected now. You must submit Form 2553 to the IRS if you wish to convert your LLC to a S Corp in Michigan. Within 75 days of the start of the tax year in which you wish the S Corp status to apply, this form must be submitted. Form 2553 can be filed for free.
Does Michigan permit LLC domestication, to sum up? Yes, domestication of LLCs—the process of transferring an LLC from one state to another—is permitted in Michigan. Articles of Domestication must be filed with LARA and a $50 fee is required in order to domesticate an LLC in Michigan. A certificate of good standing issued by the state in which your LLC was initially formed is also required to be filed.
As a result, the price to register a business name in Michigan varies depending on the kind of business entity you wish to register. You must submit a DBA to the county clerk’s office for a solo proprietorship, which normally costs between $10 and $25. The cost of submitting the Articles of Organization/Incorporation with LARA for an LLC or corporation is $50. You can throw on extra money for quicker processing.