How to Start a Business in Michigan: A Step-by-Step Guide
Starting a business in Michigan is an exciting opportunity, and forming a Michigan Limited Liability Company (LLC) is a great way to protect your personal assets and enjoy flexible management. A Michigan LLC is an excellent choice for small business owners due to its simplicity and benefits. Form Wise is here to guide you through each step of the process to create your Michigan LLC while ensuring compliance with state regulations.
Step 1: Choose a Unique Name for Your Michigan LLC
Your Michigan LLC must have a unique name that complies with the state’s naming requirements. It must include “Limited Liability Company,” “LLC,” or “L.L.C.” and be distinguishable from other registered entities in Michigan. Use the Michigan Department of Licensing and Regulatory Affairs (LARA) business entity search tool at https://www.michigan.gov/lara to check for name availability.
Apply now, pick a name and we will verify the availability!
Step 2: Designate a Registered Agent for Your Michigan LLC
Michigan requires all LLCs to appoint a registered agent. The registered agent must have a physical address in Michigan and be available during regular business hours to receive official correspondence and legal documents for your Michigan LLC.
Get in touch with us and we will refer a Registered Agent!
Step 3: File Articles of Organization for Your Michigan LLC
To officially form your Michigan LLC, you need to file Articles of Organization with LARA. This document establishes your LLC as a recognized business entity in Michigan. You can file online with Form Wise.
You can file for a domestic LLC with Form Wise!
Step 4: Draft an Operating Agreement for Your Michigan LLC
Although Michigan does not require an operating agreement, it is highly recommended. This document defines the structure, roles, and rules of your Michigan LLC, ensuring smooth operation and minimizing disputes among members.
Contact us if you need help with your Operating Agreement
Step 5: Obtain an EIN for Your Michigan LLC
An Employer Identification Number (EIN) is necessary for your Michigan LLC to manage federal taxes, open a business bank account, and hire employees. You can apply for an EIN online through the IRS at https://www.irs.gov.
Start processing your EIN online now!
Step 6: Register for Michigan State Taxes and Obtain Necessary Licenses
Depending on your Michigan LLC’s activities, you may need to register for state taxes and obtain permits or licenses specific to your industry. Michigan businesses must register with the Michigan Department of Treasury for applicable state taxes.
Step 7: File an Annual Statement for Your Michigan LLC
Michigan LLCs must file an annual statement with LARA to maintain good standing and compliance. This filing ensures that your Michigan LLC’s information remains up-to-date with the state.
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Why Choose Form Wise to Start Your Michigan LLC
Creating a Michigan LLC involves several essential steps, and Form Wise simplifies the process. From filing your Articles of Organization to helping you navigate Michigan’s tax and licensing requirements, Form Wise ensures your business is set up for success. Contact Form Wise today to start your journey toward building a successful Michigan business.
