By offering a range of services and fostering the development of communities, nonprofit organizations play a crucial part in society. In Michigan, you must register with the state if you wish to form a nonprofit organization. A step-by-step tutorial for registering a nonprofit organization in Michigan is provided below. 1. Pick a name for your nonprofit organization: Naming your nonprofit organization is the first step. The name must be original and unclaimed by any other Michigan-based organizations. On the website of the Michigan Department of Licensing and Regulatory Affairs (LARA), you can determine whether a name is available.
2. Write your articles of incorporation. Your nonprofit organization’s articles of incorporation are a legal document that describe its goals and organizational structure. It needs to list the organization’s name, mission, incorporators’ names, and registered agent’s information. To create the paperwork, you can utilize a template provided by LARA or hire a lawyer.
3. Submit the Articles of Incorporation to LARA: Once the Articles of Incorporation have been written, you must submit them to LARA. Online or mail-in filing is an option. The application is processed in around 10 business days, and the filing fee is $20. 4. Obtain a Federal Employer Identification Number (EIN): An EIN is a special nine-digit number given to your nonprofit organization by the IRS to serve as its tax identification number. The IRS website offers a free online EIN application.
5. Request Tax Exemption: You must request tax exemption from the IRS in order to be recognized as a nonprofit organization that is exempt from paying taxes. Applying online is possible using Form 1023 or 1023-EZ. Depending on the size of your company, the application price ranges from $275 to $600. How can I modify my articles of incorporation?
You must submit an update to LARA if you need to modify your nonprofit organization’s articles of incorporation. The amendment should outline the modifications you want to make as well as your justification. The application is processed in about 10 business days, and there is a $10 filing fee.
By submitting a Certificate of Assumed Name to LARA, you can legally change your company name in Michigan. Your present business name, the new business name, and the explanation for the change should all be listed on the certificate. The application is processed in about 10 business days, and there is a $10 filing fee.
In Michigan, you must transfer the corporation’s shares to the new owner in order to shift ownership. The transfer needs to be expressed in writing and submitted to LARA. In order to reflect the ownership change, you must also update the corporation’s records.
In Michigan, how long does it take to form an LLC? An LLC application in Michigan is processed in around 10 business days. The $50 filing fee is payable either online or by mail. Following application processing, LARA will issue you a Certificate of Organization.