Incorporate your business in Michigan;
Our Incorporation information is to help you with the small
business startup process. The Michigan Incorporation info can
help answer questions like "How do I form an LLC in Michigan?"
or "What type of Incorporation entity should I be? An Michigan
S-Corporation or an Michigan C-Corporation?" or "What are the
requirements for an Michigan Corporation?" It's easy to set up
an Michigan Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name shall contain the word "Corporation,"
"Company," "Incorporated," "Limited," or an abbreviation thereof.
The name shall not indicate the corporation was formed for a
purpose other than one or more purposes permitted in the articles.
The name shall be distinguishable from the corporate name of
domestic or foreign corporations, domestic or foreign limited
partnerships, or names currently reserved. The name cannot use
the words "Bank," "Industrial Bank," "Deposit," "Surety," "Security,"
"Trust," or "Trust Company".
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - None.
Directors are not required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares may cause an increase in initial
filing fees.
Corporate Records
Corporations must keep the stock transfer ledger
containing the names and addresses of all shareholders
at the registered office.
Tax and Fees
Annual Statements
Domestic and foreign corporations transacting business,
employing capital or persons, or owning or managing
property in Michigan must file an annual report with
the Department of Commerce by May 15th. The filing fee
is $15.
Income Tax Rate
The business tax is 2% of taxable income as of 2001
and is being phased out by 2022.
S Corporation
S Corporation status is recognized by the State of
Michigan; however, the state subjects all corporations
including S Corporations to a single business tax.
License Requirements
Michigan requires that you obtain a license and pay
a fee if operating certain types of businesses in the
state. The following is a partial list:
Chiropractic
Electrical contractors
Emigrant agents
Gasoline retailers
Insurance agents and solicitors
Landscape architects
Public accountants
Real estate brokers or salespersons
Transient merchants
Please check with the state to make sure your business
is complying with the license requirements for your
particular profession .
