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How to Form a Corporation in Michigan Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.
How to Form a Corporation in Michigan Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.
A corporation is created when it is incorporated by a group of shareholders who share ownership of the corporation, represented by their holding of stock shares, and pursue a common goal. The vast majority of corporations have a goal of returning a profit for their shareholders.
How much does it cost to form a corporation in Michigan? You can reserve your business name with the Michigan Department of Licensing and Regulatory Affairs for $10. To file your Articles of Incorporation, the Michigan Department of Licensing and Regulatory Affairs charges a $50 filing fee.
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Corporation Business Entity Search You can find information on any corporation or business entity in Michigan or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered.
A Michigan limited liability company (LLC) is a relatively new type of corporate entity. It is authorized by the Michigan Limited Liability Company Act (Michigan Compiled Laws Section 450.4101) and combines the limited liability advantages of a Michigan corporation with the tax advantages of a general partnership.
Do You Need a Business License in Michigan? While Michigan does not require a single, general business operating license for companies doing business in the state, many businesses must obtain at least one kind of business license or permit from the state before conducting business.
Michigan recognizes the federal S election, and Michigan S corporations are not required to pay corporate income tax to the state. However, an individual S corporation shareholder will owe tax on his or her share of the companys income.
An S corporation Michigan is recognized as its own legal entity. The stockholders financial records are kept completely separate from the business financial records. The The corporations employees or officers have the authorization to conduct business on the corporations behalf.

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