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You might need a Miller trust if your income exceeds the Medicaid eligibility thresholds, yet you require assistance for long-term care. This trust enables you to place your excess income into a dedicated account that helps you qualify for necessary Medicaid benefits. By using a Miller trust in Texas, you can access vital health care services while preserving some of your income for personal use. This approach provides a balance between care needs and financial stability.
Follow these five steps to start a Michigan LLC and elect Michigan S corp designation: Name Your Business. Choose a Resident Agent. File the Michigan Articles of Organization. Create an Operating Agreement. File Form 2553 to Elect Michigan S Corp Tax Designation.
To quickly search registered businesses in Michigan, visit the Department of Licensing and Regulatory Affairs' business entity search.
Use Business Entity Search. Search by one of the following: entity name, identification number, filing number, or by an individual's name. Click the search button.
File form to apply for S corp status Once your Michigan LLC is approved by the state, you need to file Form 2553, Election by a Small Business Corporation, to get S corp tax designation.
Forming an LLC or corporation will require you to file registration paperwork with the Michigan Department of Licensing and Regulatory Affairs. After your paperwork is accepted, your business is officially registered as a separate business entity in Michigan.
We also recommend calling the Michigan Secretary of State to confirm that your LLC name is available. Not all states offer this service, but the representatives in Michigan will tell you whether or not you can use your business name. Their phone number is 517-241-6470.
Just use the Michigan Business Name Search Tool above and enter your proposed MI LLC or corporation name. We'll search the business name database of the Michigan Department of Licensing and Regulatory Affairs and tell you if there are any matches.
How much does it cost to start a Michigan corporation? At least $60. The base filing fee is $60, but the amount of authorized shares your company has at incorporation can affect your total fee. If you want 60,000 shares or fewer, you'll pay the base fee.