Do I Have To Register My Business In Kent County Michigan If I Register With The State Of Michigan?

How to Register Your Small Business in Michigan

How To Register Your Small Business in Michigan - GROW blog image

You've decided to start a minor business – congratulations! This is a very heady (and busy!) time and you've got a lot of decisions to make, simply one of the very first steps you lot take should exist registering your business and obtaining a formal license. This may seem like a complicated process at first, but don't worry, standing in line at the DMV for hours isn't part of the deal. Hither's how to get your business registered with the Land of Michigan.

Place the Business concern Construction

Prior to registering your business, you need to make up one's mind what business organisation structure is best for you. In fact, nosotros also wrote a blog nigh the Different Types of Business Structures. Check it out for reference.

In short, pocket-size businesses consider the following options:

Sole Proprietorship: is simplest business structure, information technology involves i sole possessor and doesn't require much paperwork or many fees, you pay personal taxes and are personally liable.
Partnership: general partnerships involve one or more people who will contribute to the business and hold themselves personally liable. A limited partnership means some partners are express, or not personally liable.
Limited Liability Visitor (LLC): is a type of construction that shields you from personal liability. Similar to a sole proprietorship, an LLC is non a carve up entity, and personal income taxes are paid for any profits from the business organisation.
Corporation: A corporation is a bit more complex than the other types of business organization structures in that it creates privileges and liabilities across an individual. It becomes its ain entity and pays its own taxes.

Obtain a Federal Employer Identification Number (EIN)

Once you lot've settled on an advisable business structure, annals for an EIN, this is essentially a business' social security number. Information technology volition be needed for fiscal transactions, especially when applying for credit, and filing taxes. You need an EIN if you:

Started a new business organisation
Hired or will hire employees, including household employees
Opened a banking company account that requires an EIN for banking purposes
Hanged the legal graphic symbol or buying of your organization (for case, y'all contain a sole proprietorship or class a partnership)
Purchased an existing business organization

Visit the IRS website for step-past-step instructions. It doesn't take long at all. This EIN is your permanent number and can be used immediately for virtually of your business concern needs, including

opening a depository financial institution account
applying for a business license
filing a tax return by mail

All the same, it volition take upward to two weeks before your EIN becomes part of the IRS's permanent records. Yous must look until this occurs before you can file an electronic return, make an electronic payment, pass an IRS Taxpayer Identification Number matching plan.

Register Your Business Name

Michigan businesses operating under a name unlike from the owner'southward terminal name must annals that proper name with the land. In Michigan, similar in other states, these sometimes are referred to equally merchandise names, "doing business every bit" (dba) names, assumed names or aliases. Depending on the blazon of business you have, y'all volition be required to register your business name at either the canton or state level.

Unique Name

Michigan requires business trade names to be unique from other business organization names used in the state. To brand sure your name isn't already taken, conduct a name availability search on theDepartment of Licensing and Regulatory Affairs website. The search results volition listing businesses registered at the state level.

Next, comport a search at the canton level, focusing on where your business is located. This is done through your local county clerk's office. Many county offices, may accept online access to their name databases. If you live in Kent County, Michigan you can visit their website here.

Assumed Name vs Co-Partnership Name

If your business is a sole proprietorship or general partnership, called a co-partnership in Michigan, register your business concern name with the county clerk's office. There are ii types of name registrations at the county level: assumed proper name and co-partnership name .

Businesses with i or more owners can file an causeless name registration. With this type of registration, changes to the business cannot be made at a subsequently date without thewritten say-so of each owner who signed the original document.
Co-partnership name registrations are limited to businesses with two or more than owners. Only one possessor is required to sign the name registration form, in front of a notary public. With this registration type, future changes can be made bywhatever owner of the business.

County Clerk

Information required on the county clerk forms includes owners' names and addresses, also every bit the chosen business proper name and location. Some forms also crave a description of the business' purpose. Sign the grade in front of a notary public and deliver to the canton clerk'due south office in person or by mail service forth with filing fee, which also differs between counties.

Some county clerks offer online filing, which is very convenient. The registration is good for v years and renewable thirty-90 days prior to expiration.

State of Michigan

Michigan requires corporations, limited liability companies, and limited partnerships to annals with the country Department of Licensing and Regulatory Affairs. Complete a Document of Assumed Name class, which is available on the section's website along with other corporate forms and publications. The completed form may exist mailed to theMichigan Department of Licensing and Regulatory Diplomacy, Corporations, Securities & Commercial Licensing Bureau, Corporations Division, P.O. Box 30054, Lansing, MI 48909. If the business is a corporation or limited partnership, include a $10 filing fee. If it is a limited liability visitor, the filing fee is $50.

Other Considerations:

Federal Licenses and Permits

You may demand to get a federal license or permit if your business organisation activities are regulated by a federal bureau. Examples of this include commercial fishing, aviation, agriculture, or manufacturing/selling alcoholic beverages. Click here to see if any of your business activities are listed on the Small-scale Concern Administration site, and and then bank check with the correct federal bureau to meet how to apply.

For more than data and detailed, stride-by-stride instructions, bank check out the Small-scale Business Development Center's Guide to Starting and Operating a Small Business organization.

We promise this guide helps you lot navigate the waters of registrations and licensing. If y'all're struggling to make up one's mind on a business organisation name, structure, or formulate kickoff steps similar a business programme and financing, enroll in our Intro to Grow classes, and any of our other workshops or preparation programs. GROW likewise offers assist with filing PLLCs & LLCs! We are here to help you lot every step of the manner!

Check out our events calendar online or contact u.s. to learn more.

Sources:

https://bizfluent.com/how-4676383-register-business-name-michigan.html

http://detroit.cbslocal.com/2017/01/17/register-business-in-michigan/