Step 1: Decide on your company structure
You must select a business structure before registering your company in Michigan. The sole proprietorship, partnership, LLC, and corporation are the most prevalent business formations. Selecting the structure that best meets your company’s needs is vital because each one has advantages and disadvantages of its own.
After deciding on your organizational structure, you must decide on a name for your company. Make sure the name you select is original and has not been taken by another company in Michigan. By conducting a business entity search on the Michigan Department of Licensing and Regulatory Affairs (LARA) website, you can determine whether a name is available.
The necessary papers must be submitted to LARA in order to register your business in Michigan. Your business structure will affect the documents you must file. For instance, you must submit Articles of Organization if you’re forming an LLC. Depending on the nature of your organization, these documents can cost anywhere between $50 and $100 to file.
Step 4: Acquire the required licenses and permits You might need to apply for licenses and permits from the state or local government depending on the type of business you’re launching. For instance, the Michigan Department of Agriculture and Rural Development will need you to obtain a food service license if you’re opening a restaurant. Can an LLC in Michigan use a P.O. box in relation to this? No, in Michigan, a P.O. box cannot be used for an LLC. When you register your business with the state, you must give a real street address. It’s critical to select a secure and safe address because it will be displayed to the public on the state website. Is it necessary for me to submit a Michigan business tax return?
Yes, you must file a Michigan business tax return if you conduct business in the state of Michigan. Your business’s income will determine how much tax you owe. Using the e-filing platform provided by the Michigan Department of Treasury, you can submit your tax return online.
In Michigan, registering an LLC costs $50. This charge must be paid at the time of filing and is not refundable. You can pay an extra $50 if you require fast processing. In Michigan, where can I locate a registered agent?
A registered agent is a person or corporation that accepts legal paperwork on your company’s behalf. On the LARA website, you can conduct a search to discover a registered agent in Michigan. To handle this for you, you can alternatively use a registered agent service.
Annual Statement for an LLC Limited Liability Companies (LLCs) registered in the state of Michigan must submit a paperwork every year. The Michigan Department of Licensing and Regulatory Affairs (LARA) mandates that the LLC be kept in good standing and that any changes in ownership or management be updated in the state’s records. Basic company details including the company’s name, address, registration agent, and the names and addresses of its members or management are all included in the LLC Annual Statement Michigan.
You must go to the Wisconsin Department of Financial Institutions website and select the option to file an annual report in order to submit one in Wisconsin. You must provide your company’s details, including your company name, registered agent, and address, along with the necessary payment. The annual report is due on the final day of the month that marks the anniversary of the founding of your company and can be submitted online or by mail.