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An LLC provides business owners with some of the benefits offered by a corporation without the disadvantages of a corporation. What other advantages do you get when you create a Michigan LLC? We’ll explain what you need to know to begin:
michigan LLC
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Before you start
You'll have to provide some basic information so we can help you form your LLC in michigan. Here's what your state needs to know:
The name of your business
Your business address
Who's forming and managing your LLC
Your industry
A short statement of purpose
Running a Michigan LLC
As soon as you're done creating your Michigan LLC, you'll have a more few steps to complete. Learn what to do next:
Step 1. Nominate a Registered Agent Your Michigan LLC can be banned from doing business if you don’t designate a Registered Agent and office within the state.
Step 2. Obtain an EIN A unique nine-digit number is given to business entities to help identify each one.
Step 3. Prepare an LLC Operating Agreement Your Michigan LLC Operating Agreement allows you to define the day-to-day duties of each of your LLC members. Though the states leaves it up to you to decide if you want to create one, the agreement must be in written form.
Step 4. Call for an Organizational Meeting An organizational meeting does just that: organize your business. You want to make sure you and your LLC members are seeing eye to eye on all your business decisions, policies, and procedures.
Step 5. File a Statement of Information You are not required to file a Statement of Information with Michigan but it’s easy to do. Just provide details of your business, like company officers and type of business.