The cost to incorporate in Michigan includes state fees and other expenses like obtaining an Employer Identification Number (EIN). When you form a corporation in Michigan with MaxFilings, there is no need to pay high hourly charges for an attorney. Most of the cost consists of Michigan state fees.
To form a corporation in Michigan, file Articles of Incorporation with the Michigan Department of Licensing and Regulatory Affairs. You’ll also need to create corporate bylaws and choose your initial director(s). Or use a professional service to handle the paperwork.
The Michigan Department of Licensing and Regulatory Affairs charges $50 for regular service to form an LLC. To reserve your LLC name prior to filing Articles of Organization costs $25.
To register your out-of-state business in Michigan, file foreign qualification with the Secretary of State. You can act as your own Registered Agent.
The total cost to incorporate in Michigan depends on the type of entity. Fees range from $45 to $85 to start a business. Order incorporation online for step-by-step guidance through the process. Affordable services start at $99.
Business Structure and Costs
Therefore, you will need to choose a business structure according to your objectives. Details like annual costs for a corporation or LLC should be considered too, as these include business or state taxes. Michigan is one of the top states for forming a new business due to its business climate. The cost to form an LLC or corporation will be a factor in choosing a structure.
It costs $50 to register any business in Michigan by submitting Articles of Organization. An LLC costs $25 per year for the annual report filing.
The cost to incorporate a business in Michigan is $10 plus authorized shares fees. Sole proprietorships and partnerships generally cost about $60 to form. Businesses with 1+ employees must have workers’ compensation insurance by law.
A DBA or trade name allows a business to operate under a different name than its registered name.
Licensing and Additional Information
It costs $100 or less to file formation documents in Michigan. You may need business licenses too. Not every business needs a license, but those selling products/services may need a seller’s permit. Professionals like doctors require licensing. An EIN is not the same as a tax ID.
Filing with MaxFilings has minimal charges since formation specialists prepare filings quickly. Most incorporation costs are Michigan fees.
Additional licenses or permits may be needed from federal, state or local authorities before legally operating in Michigan. For example, restaurants need Food Service Licenses, retailers need Sales Tax Licenses, and car dealers need Dealer Registration Certificates.
Step-by-Step Guide to Registering a Business
Here is a step-by-step guide on registering your business in Michigan using seven easy steps. Whether launching a new venture or registering an existing business, this guide will make the process more manageable.
Consider the $50 LLC filing fee in Michigan as you start your business and lower expenses. License renewal fees vary. Check with local authorities to see what permits apply to you. Not all businesses need permits, but sensitive services like hospitals do. Acquisition costs depend on the licensed activities.
Form an LLC today for $0 + state fee. Let Bizee handle the paperwork for free.