How To Register A Small Business In Michigan

Beginning to register a small business begins with obtaining a federal employer identification number fein which is like the business social security number.

How to register a small business in michigan. Gordon originally organized his car repair business as a michigan corporation named gordon s ann arbor garage inc. In comparison to other business entities llcs are easier to set up and manage and they have favorable tax treatment. Before you can do that though you have to figure out what type of business structure you want to form. 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. It will be needed for financial transactions especially when applying for credit.

Your federal employer identification number fein is a tax id assigned to you for your business. 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. 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. You can set up an llc in michigan for as little as 50. Once the number has been assigned the business will need to be registered with the county clerk.

An llc s corp c corp or sole proprietorship. For most small businesses registering an llc is a great option. There are two types of name registrations at the county level. This process is secure convenient and faster than registering by mail. Your next major task is going to be registering your business with the state of michigan.

Employers may register for business taxes in michigan including uia employer account number and or a sales tax license using the online e registration application. Register the assumed business name with the county clerk. Businesses with one or more owners can file an assumed name registration. Obtain your fein here. Assumed name and co partnership name.

It is required to open a checking account and to facilitate other financial transactions like opening a credit account with a vendor. I like to refer to it as your business s social security number. Here are six things you must do to register your business in the state of michigan.