how to start an llc in michigan is not difficult if you have done your homework and followed the proper steps. Before you begin, though, you'll need to pick a name for your new LLC. The name you choose must comply with the law and the rules of the particular state in which you will registered your business. Naming your business is one of the first steps to take. Also, it's important that you understand all of the steps that follow so that your intent and purpose are clear.
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First, how to start an LLC in Michigan begins with choosing a name. You can name your new LLC after yourself or you can use a company name that incorporates your personal or business name. Either way, pick a name that will help people to easily recall your LLC when they seek your services. To get started, you'll need to register your new LLC with the secretary of state. Here's what you'll need to do:
- File a fictitious name application with the Michigan Department of Licensing and Regulatory Affairs. You can do this by going to the state corporation commission's web site. Alternately, you may choose to use the phone number provided on the web page to contact the licensing and trade bureau. In either case, provide your new business name and S-corp identification number. Contact them by telephone at 734/440-1000 to apply for your new business name.
How to Start an LLC in Michigan
- Fill out and file an Operating Agreement between you and your new LLC. The Operating Agreement is the contract you create between yourself and your new Limited Liability Company. It is also called the 'practice' agreement. Operating Agreement must be filed along with your articles of incorporation. Once filed, you must send it to the Michigan Corporation Commission along with the rest of your paperwork.
- Get Registered. If you completed steps 1 and 2 successfully, your next big step is to get registered with the Secretary of State. To get started, go to the sate's web site and click on'register'. Follow the simple instructions given to you. A reminder: You will need to submit the following information: business name, business address (including street name if different), capital (if needed), and date of birth.
- Choose a registered agent service. In Michigan, you can choose either an individual to serve as your "dominant" or "informal" agent. Your "informal" agent will receive all calls and faxes addressed to him/her. Your "dominant" agent will receive calls and faxes only from you. If neither of these options is suitable for you, then you can opt for a professional registered agent service.
- Write up your articles of incorporation. The first document you have to draft is your Articles of Incorporation. These articles should be drafted not just to comply with the legal requirements but more importantly to establish the character of your Limited Liability Company. Your articles of incorporation must include information like your name, address, and business name. You have to indicate whether your company is a limited liability company or not.
- Choose a domain name. You can pick your domain name by checking the available domain name registrars at the michigan department of licensing and regulatory affairs website. If you can't find a suitable name on the site, you can also check out other websites. You can also look for a business name that suits your business. You can contact the business license bureau in your county to find out if you are required to have a business name.
- File an application for Single Member LLCs in Michigan. The first step is to file an Application for Registration of a Business Name with the Secretary of State. After submitting the application, the applicant will be given a business registration number. The business name registered with the Secretary of State is the same as the name of the LLC. You have to file an Operating Agreement with the Secretary of State as well so that all your financial liabilities and obligations will be established. Once these documents are filed with the Secretary of State, your Single Members LLCs will be operational and you will be able to open up new accounts.
- Get a business license. The next step in how to start an LLC in Michigan is to get a business license. This task can be accomplished by going through the red tape in the state of Michigan. You have to follow the proper procedure that is laid out by the state for conducting a business name search and getting a business license.
- If you have already got a business license, you can proceed with applying for a Limited Liability Company. In this case, you have to complete the LLC application checklist that is available from the state to ensure that you get an accurate document that is filled correctly and filed appropriately. You need a qualified tax expert to assist you on how to start an llc in Michigan. He or she will help you understand the differences between a limited liability company and a corporation and provide you with other important documents and information.
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