How To Register My Business In Michigan

How to Register Your Pocket-sized Business in Michigan

How To Register Your Small Business in Michigan - GROW blog image

You've decided to kickoff a small business organisation – congratulations! This is a very exciting (and busy!) time and you've got a lot of decisions to brand, merely one of the very first steps yous accept should be registering your business organization and obtaining a formal license. This may seem like a complicated process at first, merely don't worry, standing in line at the DMV for hours isn't part of the deal. Hither'due south how to become your business registered with the State of Michigan.

Identify the Business Structure

Prior to registering your business, you demand to decide what business construction is best for you. In fact, nosotros as well wrote a weblog almost the Different Types of Business organisation Structures. Check it out for reference.

In brusque, small businesses consider the post-obit options:

Sole Proprietorship: is simplest business structure, it involves one sole possessor and doesn't require much paperwork or many fees, you lot pay personal taxes and are personally liable.
Partnership: general partnerships involve 1 or more people who volition contribute to the business organization and hold themselves personally liable. A express partnership means some partners are limited, or not personally liable.
Limited Liability Company (LLC): is a type of construction that shields you from personal liability. Like to a sole proprietorship, an LLC is not a separate entity, and personal income taxes are paid for whatever profits from the business.
Corporation: A corporation is a chip more complex than the other types of business organisation structures in that information technology creates privileges and liabilities beyond an private. It becomes its own entity and pays its own taxes.

Obtain a Federal Employer Identification Number (EIN)

Once you've settled on an appropriate business structure, annals for an EIN, this is essentially a business' social security number. It will exist needed for financial transactions, especially when applying for credit, and filing taxes. Y'all need an EIN if you:

Started a new business
Hired or volition hire employees, including household employees
Opened a bank account that requires an EIN for banking purposes
Hanged the legal character or buying of your system (for instance, y'all incorporate a sole proprietorship or form a partnership)
Purchased an existing business organisation

Visit the IRS website for step-past-step instructions. It doesn't take long at all. This EIN is your permanent number and can be used immediately for nearly of your business organisation needs, including

opening a banking concern account
applying for a business license
filing a tax render by mail

Notwithstanding, information technology will accept up to two weeks earlier your EIN becomes part of the IRS'southward permanent records. You must wait until this occurs earlier you lot can file an electronic return, make an electronic payment, laissez passer an IRS Taxpayer Identification Number matching program.

Register Your Business concern Proper name

Michigan businesses operating under a name dissimilar from the owner'south terminal name must register that name with the land. In Michigan, similar in other states, these sometimes are referred to every bit trade names, "doing business as" (dba) names, assumed names or aliases. Depending on the type of concern you accept, you lot will be required to register your concern name at either the canton or state level.

Unique Name

Michigan requires business trade names to be unique from other business names used in the state. To make sure your name isn't already taken, conduct a name availability search on theSection of Licensing and Regulatory Affairs website. The search results will list businesses registered at the state level.

Next, deport a search at the county level, focusing on where your business is located. This is done through your local county clerk'due south office. Many canton offices, may take online access to their name databases. If you live in Kent County, Michigan you tin visit their website here.

Assumed Proper noun vs Co-Partnership Name

If your business organisation is a sole proprietorship or general partnership, called a co-partnership in Michigan, register your business proper noun with the county clerk'south office. There are two types of proper noun registrations at the county level: causeless name and co-partnership proper noun .

Businesses with 1 or more owners can file an assumed name registration. With this type of registration, changes to the business cannot be fabricated at a after date without thewritten authorization of each possessor who signed the original certificate.
Co-partnership name registrations are limited to businesses with ii or more owners. Only one possessor is required to sign the name registration form, in front end of a notary public. With this registration type, future changes can be made byany owner of the business.

County Clerk

Information required on the county clerk forms includes owners' names and addresses, too as the called business organisation proper noun and location. Some forms as well require a description of the business organization' purpose. Sign the form in forepart of a notary public and deliver to the county clerk's function in person or past mail along with filing fee, which also differs between counties.

Some county clerks offer online filing, which is very convenient. The registration is good for 5 years and renewable xxx-90 days prior to expiration.

State of Michigan

Michigan requires corporations, limited liability companies, and limited partnerships to annals with the land Department of Licensing and Regulatory Affairs. Complete a Certificate of Assumed Proper noun form, which is available on the department'southward website along with other corporate forms and publications. The completed form may be mailed to theMichigan Department of Licensing and Regulatory Diplomacy, Corporations, Securities & Commercial Licensing Bureau, Corporations Sectionalisation, P.O. Box 30054, Lansing, MI 48909. If the business is a corporation or limited partnership, include a $10 filing fee. If information technology is a limited liability visitor, the filing fee is $50.

Other Considerations:

Federal Licenses and Permits

You lot may need to get a federal license or permit if your business concern activities are regulated by a federal bureau. Examples of this include commercial fishing, aviation, agriculture, or manufacturing/selling alcoholic beverages. Click here to run into if any of your business activities are listed on the Small Business Administration site, and and then bank check with the right federal bureau to see how to utilise.

For more information and detailed, step-by-stride instructions, cheque out the Small Business Development Eye's Guide to Starting and Operating a Pocket-sized Business organisation.

We hope this guide helps you navigate the waters of registrations and licensing. If you're struggling to decide on a business organisation name, structure, or formulate outset steps like a business programme and financing, enroll in our Intro to GROW classes, and any of our other workshops or preparation programs. GROW also offers assistance with filing PLLCs & LLCs! We are here to assist y'all every step of the way!

Bank check out our events calendar online or contact us to learn more than.

Sources:

https://bizfluent.com/how-4676383-register-business-proper name-michigan.html

http://detroit.cbslocal.com/2017/01/17/register-business organisation-in-michigan/

Source: https://www.growbusiness.org/blog/how-to-register-your-small-business-michigan/

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