This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of The Corporation Form Of Business Ownership In Michigan
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Corporate bylaws are required in Michigan. ing to MI Comp L § 450.1231, “the initial bylaws of a corporation shall be adopted” at the first organizational meeting following incorporation. In other words, bylaws are legally necessary to form a corporation in Michigan.
How to Start a Corporation in Michigan Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. File the Beneficial Ownership Information Report. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account.
Filing as an S Corp in Michigan Step 1: Choose a Business Name. Step 2: Appoint Directors and a Registered Agent. Step 3: File Articles of Incorporation. Step 4: Create S Corp Bylaws. Step 5: Apply for an Employer Identification Number. Step 6: File Form 2553 for S Corporation Election.
These different business entities include sole proprietorships, copartnerships, limited liability partnerships, limited partnerships, corporations, and limited liability companies.
Filing as an S Corp in Michigan Step 1: Choose a Business Name. Step 2: Appoint Directors and a Registered Agent. Step 3: File Articles of Incorporation. Step 4: Create S Corp Bylaws. Step 5: Apply for an Employer Identification Number. Step 6: File Form 2553 for S Corporation Election.
To start a corporation in Michigan, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Department of Licensing and Regulatory Affairs (LARA). You can file this document online, by mail or in person.
Sec. 251. (1) A corporation may be formed under this act for any lawful purpose, except to engage in a business for which a corporation may be formed under any other statute of this state unless that statute permits formation under this act.
Sec. 345. (1) A board may authorize and the corporation may make distributions to its shareholders subject to restriction by the articles of incorporation and the limitation in subsection (3).