Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Michigan incorporation.
The name must contain the word "Corporation," "Company," "Incorporated," "Limited" or an abbreviation thereof. It must not indicate the corporation was formed for a purpose other than one or more purposes permitted in the Articles of Incorporation. The name must be distinguishable from the name of any domestic or foreign corporations, domestic or foreign limited partnerships, or names currently reserved. It cannot use the words "Bank," "Industrial Bank," "Deposit," "Surety," "Security," "Trust" or "Trust Company".
The following are Michigan’s requirements for directors of corporations:
The document required to form a corporation in Michigan is called the Articles of Incorporation. The information required in the formation document varies by state. Michigan's requirements include:
Michigan allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Michigan corporations.
Michigan corporations must keep complete corporate records at the principal office of the corporation.
The following are taxation requirements and ongoing fees for Michigan corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Michigan recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
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