How To Register A Small Business In Michigan
For most small businesses registering an llc is a great option.
How to register a small business in michigan. Here are six things you must do to register your business in the state of michigan. Michigan does not have a general michigan business license that all businesses must have but it does license hundreds of different professions and occupations. An llc s corp c corp or sole proprietorship. Businesses with one or more owners can file an assumed name registration. Most forms of small business in michigan such as corporations and llcs must file a form with the state if they intend to operate under an assumed or fictitious name.
This process is secure convenient and faster than registering by mail. Then you can read our detailed guide on naming your business. Gordon originally organized his car repair business as a michigan corporation named gordon s ann arbor garage inc. It will be needed for financial transactions especially when applying for credit. Register your michigan business.
You can set up an llc in michigan for as little as 50. Assumed name and co partnership name. Obtain your fein here. If your business is a sole proprietorship or general partnership called a co partnership in michigan register your business name with the county clerk s office. Before you can do that though you have to figure out what type of business structure you want to form.
It is required to open a checking account and to facilitate other financial transactions like opening a credit account with a vendor. In comparison to other business entities llcs are easier to set up and manage and they have favorable tax treatment. I like to refer to it as your business s social security number. There are two types of name registrations at the county level. The requirements for these state occupational licenses are set by various state agencies and licensing boards and varies depending on the profession but often will involve specific educational and or examination requirements.
Your federal employer identification number fein is a tax id assigned to you for your business. Once the number has been assigned the business will need to be registered with the county clerk. Beginning to register a small business begins with obtaining a federal employer identification number fein which is like the business social security number.