How To Register A Small Business In Michigan
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You can set up an llc in michigan for as little as 50.
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. 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. Michigan does not have a general michigan business license that all businesses must have but it does license hundreds of different professions and occupations. Once the number has been assigned the business will need to be registered with the county clerk.
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. I like to refer to it as your business s social security number. 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. Assumed name and co partnership name. Register the assumed business name with the county clerk.
This process is secure convenient and faster than registering by mail. Gordon originally organized his car repair business as a michigan corporation named gordon s ann arbor garage inc. Here are six things you must do to register your business in the state of michigan. Your next major task is going to be registering your business with the state of michigan. Obtain your fein here.
Register your michigan business. 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. 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.
For most small businesses registering an llc is a great option. Then you can read our detailed guide on naming your business. Businesses with one or more owners can file an assumed name registration.
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