FAQ: Frequently Asked Questions For Michigan
Michigan Corporations
Corporate Name Endings
Corporation Requirements
Taxes and Fees
License Requirements
Corporate Name Endings
- The name shall contain the word "Corporation," "Company,"
"Incorporated," "Limited," or an abbreviation thereof. The name shall
not indicate the corporation was formed for a purpose other than one
or more purposes permitted in the articles. The name shall be
distinguishable from the corporate name of domestic or foreign
corporations, domestic or foreign limited partnerships, or names
currently reserved. The name cannot use the words "Bank," "Industrial
Bank," "Deposit," "Surety," "Security," "Trust," or "Trust Company".
Corporation Requirements
Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - None
- Directors are not required to be listed in the articles of incorporation.
Officer Information
- Officers are not required to be listed in the articles of incorporation.
Stock Information
- An increase in shares may cause an increase in initial filing fees.
Corporate Records
- Corporations must keep the stock transfer ledger containing the names
and addresses of all shareholders at the registered office.
Taxes and Fees
Initial & Annual Statements
- Corporation annual reports are due by May 15th each year and for
LLCs the annual report is due by February 15th. The cost is $25 for
each.
Taxes
S Corporation
- S Corporation status is recognized by the State of Michigan; however,
the state subjects all corporations including S Corporations to a single
business tax.
License Requirements
- Michigan requires that you obtain a license and pay a fee if operating
certain types of businesses in the state. The following is a partial list:
- The Michigan Corporation Division requires Corporations and LLCs to
file an Annual Report. The Annual Report form is mailed to the
designated Registered Agent of the company 45 days in advance of
the due date. Currently only Corporations may file the Annual Report
online.
- Michigan ANNUAL REPORT FILING FEES AND DUE DATES
Corporation May 1st
Limited Liability Company February 15th
Michigan Registered Agent Michigan Corporation Michigan Limited Liability Company
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Additional Filings
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* Annual List
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