Michigan

MICHIGAN

Name

Must contain words Corporation, Company, Incorporated, Inc., Co., Corp., Limited Liability Company, Limited, L.L.C., LLC or Ltd. The name cannot use the words Bank, Industrial Bank, Deposit, Surety, Security, Trust or Trust Company. Fictitious name filling fee is $10.

Information about Directors and Officers

Company must have at least one Director, who can hold all officers position. No requirements for age or residence. It is not required to list Directors and Officers in the Articles of Incorporation.

Requirements for address

Home or Office street can be considered as company address. P.O. Box is not admissible.

Registered Agent

Registered Agent is required if you do not live or have an office in Michigan. Otherwise, you can be your Own Registered Agent.

Shares/Stock information

You may authorize up to 60,000 shares of value and incur the minimum-filing fee of $60. Each additional 20,000 stocks will increase fees by $30.

Annual statement

Domestic and foreign Corporations, transacting business, employing capital or persons, or owning or managing property in Michigan must file an annual report with the Department of Commerce by May 15. The filing fee is $15.

State fees

$60 State filing organization fee.

Income tax rate

2.15% of taxable income.

Franchise tax

No franchise tax.

S Corporations

Status is not recognized by the State. The State subjects Corporations to a single business tax.

License requirements

Michigan requires that you obtain a license and pay a fee if you are operating certain types of businesses in the State. Please check with the State to make sure your business is complying with the license requirements for your particular profession.

Corporate records

The stock transfer ledger, containing the names and addresses of all shareholders must be kept at the registered office.

For more information visit:

www.michigan.gov/sos/
www.michigan.gov/treasury
www.michiganlegislature.org

Call: 1-561-776-7922
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