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How much does it cost to form a corporation in Michigan? You can reserve your business name with the Michigan Department of Licensing and Regulatory Affairs for $10. To file your Articles of Incorporation, the Michigan Department of Licensing and Regulatory Affairs charges a $50 filing fee.
A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.
A professional corporation is one that only performs services in one, single profession. It is a specific type of corporation for professionals like doctors, lawyers, accountants, etc. The professional is able to form a corporation, but the professional remains liable for his or her own actions.
Entity Name. Business Purpose. Duration of LLC. Registered Agent Name and Registered Office Address. Governing Authority.
Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.
The name of the LLC. The names of the members and managers of the LLC. The address of the LLC's principal place of business.
Choose a name for your LLC. File Articles of Organization. Choose a registered agent. Decide on member vs. manager management. Create an LLC operating agreement. Comply with other tax and regulatory requirements. File annual reports. Out of state LLC registration.
Do I need to incorporate my small business? Whether your team is composed of two people or 10, all businesses can benefit from incorporating. Advantages of forming a corporation or limited liability company (LLC) include: Personal asset protection.
How much does it cost to form an LLC in Michigan? The Michigan Department of Licensing and Regulatory Affairs charges $50 for regular service and $100 for priority rush filing. It will cost $25 to file a name reservation application, if you wish to reserve your LLC name prior to filing the Articles of Organization.