Published on September 16th, 2016 | by Don L17
(MI Only) I Formed a Business in Michigan
This is a simple, straightforward post on forming a business in Michigan.
(In addition to all the standard disclaimers,) please do not consider this post as legal, financial, or tax advice.
It is simply the steps I completed to form a business in Michigan. I hope it offers some value to you.
In this game that we play, owning a business can be a valuable piece. It offers:
Perhaps even allowing
Complete the Articles of Organization Form
- I filled out and submitted the Articles of Organization Form
- This form allowed me to establish a limited liability company (LLC) – a relatively simple business type to create and operate. The LLC business type was a good match for my startup business, as it offered liability protection and the ability to chose a tax treatment (but I’ll keep the default tax treatment for an LLC that of a disregarded entity and include it when filing my personal taxes).
- I was sure to include an LLC abbreviation in my business name (e.g. Astronomer of Credit LLC [this is not my business name, but I like the sound of it])
- And also verify that my business name was not already taken by using the name availability search tool.
- I mailed in the completed form with my $50 check.
Request an EIN
- After my new LLC was approved (I received my original Articles of Organization Form back in the mail – stamped “FILED”), I requested an EIN
- There was no cost to request an EIN and the EIN was immediately available at the end of the online process.
- While an EIN was not required for my business, it seemed like a prudent move to greater separate my business and personal transactions.
No complicated math.
With the $50 filing fee, my business was profitable on its first deal.
For those in Southeast Michigan, I believe the $250+ Monroe Bank and Trust Business Checking Offer is also a solid deal. I’m Don in the comments 🙂
As always please let me know where I am wrong and incomplete to help improve this resource.
For more information on starting a business in Michigan consider this guide.
All the best!