How do I register a business name in Michigan?
To reserve a business name, you must file an application online or by mail. Applicants may also file by email (CDfilings@michigan.gov) or fax (517) 241-0538. If you email or fax an application, you must create a MICH-ELF account using this form. When reserving your name, you will have to pay a filing fee.
How much does it cost to register a small business in Michigan?
To register, file an Application for Certificate of Authority to Transact Business in Michigan. The filing fee is $50.
How much does it cost for a business license in Michigan?
Fees range from $7 to $3,000, but typically run around $150. These are usually payable in person with a credit card or cash. Remember that Michigan business licenses must be renewed annually.
How much does an LLC cost per year in Michigan?
Michigan Annual Statement Fee: $25
Michigan requires LLCs to file an annual statement, also called an annual report, with the Department of Licensing and Regulatory Affairs. You can submit this form online through the Michigan LARA website. The filing fee is $25, and it is due on February 15.
How do I register a small business in Michigan?
Here are six things you must do to register your business in the State of Michigan.
- Obtain a FEIN. …
- Register the assumed business name with the County Clerk. …
- Obtain UIA Number. …
- Obtain a Sales Tax License. …
- Register your business with the Michigan Department of Treasury. …
- Obtain all necessary permits.
How long does it take for an LLC to be approved in Michigan?
The usual processing time for LLC documents and filings is between three to five working days. Expedited services are available. Naming requirements.
What taxes does an LLC pay in Michigan?
In Michigan, the corporate tax is a flat 6% of taxable income. If your LLC is taxed as a corporation you’ll need to pay this tax. The state’s corporate income tax return (Form 4891) is filed with the Michigan Department of Treasury (DOT).
Should I register my business name?
Registering a business name is a legal obligation, if you choose to identify your business with a name that is different to the name of the legal entity that owns the business. Registering a trademark is a choice you make as part of a branding strategy for your products and services.
What is considered a small business in Michigan?
Small businesses are defined as firms employing fewer than 500 employees.
Do you need a business license to get a DBA?
In short, no. A DBA is required only if you wish to conduct business under a name other than your own name, where as a business license will be required by all businesses who wish to operate within a particular county.
Is an LLC a business license?
A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.
Do you have to pay for LLC every year?
The LLC annual fee is an ongoing fee paid to the state to keep your LLC in compliance and in good standing. It’s usually paid every 1 or 2 years, depending on the state. This fee is required, regardless of your LLC’s income or activity.
Do I need an attorney to set up an LLC?
There is no legal requirement to hire an attorney to form an LLC. Most states allow LLC formation by registering the business entity on your secretary of state’s website and with the Internal Revenue Service (IRS). … Once you register as an LLC, you can buy or rent a building and open company bank accounts.
How much does an EIN cost in Michigan?
Applying for an EIN for your LLC is free ($0)
Applying for an EIN for your Michigan LLC is completely free. The IRS doesn’t charge anything for applying for an EIN.