A. File Artcles of incorporation for Michigan Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the Michigan Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Michigan. Click here for a free quote on our Michigan business incorporation services.
B. S Corporation Filings for Your New Michigan Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in Michigan, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in Michigan to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. Michigan S-Corporation Election form
Michigan does not require s-corporations to file seperate s-corporation election forms.
C. Get Your Michigan Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Michigan.
1. Form 518 – Michigan Tax Registration Form
To determine your company’s state tax obligations, you must fill out Form 518 and file it with the Michigan Department of Treasury.
If you have questions, you can call 800-376-6263 or 517-373-0888.
2. Business Licenses
There is no such thing as a “business license” on the state level. Several occupations and types of businesses are licensed by the state (e.g., doctors, manicurists, wildlife exhibitors, etc.).
3. Annual Report
In January of each year, the state will send a pre-printed Updated Corporate Information Report to your Registered Agent.
The report is due May 15th. The current filing fee is $15.
Surely, the list above is not everything you will need to do once you incorporate a business in Michigan. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in Michigan, we’d love to help.
