Many people in Michigan have dreams of starting their own businesses, but doing so can be difficult. There are several factors to think about, from selecting the best company entity to registering with the state. Making sure a business is in good standing with the state is a crucial step in beginning one. This post will go through ways to determine whether a company is legitimate in Michigan.
Visit the website of the Michigan Department of Licensing and Regulatory Affairs (LARA) to see if a company is legitimate in Michigan. In Michigan, LARA is in charge of licensing and regulating enterprises. You may check the standing of a company by searching their website for it by name or entity number.
A company that is in good standing has complied with all state registration requirements, according to the term. In order to comply with these regulations, you must submit all required paperwork and fees, keep a registered agent in Michigan, and submit your annual reports on time. A company’s license to operate could be revoked along with other penalties and fines if it is not in good standing.
It’s crucial to remember that a company must register with the state of Michigan if it conducts business under an assumed name, sometimes referred to as a “doing business as” (DBA) name. For sole proprietorships, partnerships, and LLCs, this is necessary. The business owner must submit a paperwork to the county clerk’s office in the county where the business is located in order to register a DBA name.
A certificate of incorporation is not required of sole proprietors because they are not a distinct legal entity from their company. They still need to register their business with the state of Michigan and secure any required licenses or permits.
The owner of the business must submit a Certificate of Co-Partnership to the county clerk’s office where the business is situated in order to register it as a sole proprietorship in Michigan. The owner’s name, the name of the business, and the type of business are required on this form.
In conclusion, a crucial stage in launching and operating a successful business is to determine whether a company is in good standing in Michigan. It is simple to determine whether a company has complied with all requirements for state registration by visiting the LARA website. It’s also critical to register any DBA names and secure any licenses or permits the firm may require. Business owners can make sure that their operation complies with state laws and regulations by taking the actions outlined above.