Michigan Sample Letter regarding Articles of Incorporation - Drafts of Minutes
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FAQ
It's totally possible. Your business can be comprised of only you?provided you get along well with yourself. You can be the CEO, Treasurer, Secretary, and the only shareholder of the company.
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.
Starting a business corporation in Michigan Choose the business entity type. ... Choose a name for the company. ... Create folders to hold corporate records and documents. ... Obtain a Federal Employer Identification Number (FEIN). ... Obtain an Unemployment Insurance Account (UIA) number.
C corps pay taxes on profits at an entity level and shareholders also pay individual taxes on the profits they receive. S corporation status avoids this double taxation. C corps can have an unlimited number of shareholders.
Although actual requirements can vary depending on the state, they typically involve the following: Select a state of incorporation. ... Choose a business name. ... File incorporation paperwork. ... Appoint a registered agent. ... Prepare corporate bylaws. ... Draft a shareholders' agreement. ... Hold the first board meeting. ... Get an EIN.
