Form a Michigan Corporation – Form a corporation in Michigan – Form a Michigan S corp

Sun Corporate Filings can help you form a Michigan corporation with the Michigan Secretary of State on an expedited basis. To form a corporation in Michigan or form a Michigan subchapter S corporation, you must file the Michigan Articles of Incorporation with the Michigan Secretary of State. Sun can incorporate your Michigan S corporation or register your C corporation in Michigan so you can spend your time focusing on your Michigan corporation's success.

We can form a Michigan general stock corporation or a Michigan Subchapter (Michigan S Corp.) corporation for you at a low cost. Let us make the Michigan incorporation process quick and painless for you by preparing and filing the Michigan Articles of Incorporation with the Michigan Secretary of State on your behalf.

To form a Michigan corporation online, click here to see the costs and time turnaround options for Michigan corporations.

How do I form a Michigan Corporation?

There is no need to ask, "How do I form a Michigan Corporation?" because we know how to incorporate in Michigan form start to finish. First, we check corporate name availability with the Michigan Secretary of State. Second, we prepare the Michigan Articles of Incorporation. Third, before we form the Michigan corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the Michigan Secretary of State. Fifth, when the Michigan Secretary of State files the Michigan Articles of Incorporation, we will return the filed document to you. We make forming a corporation in Michigan simple and fast!

What are the advantages of forming a Michigan Corporation?

There are many advantages of forming a Michigan corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the Michigan corporation form purchasing stock. Since the Michigan corporation is an independent legal entity, the Michigan corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a Michigan corporation, the owners (shareholders) are not personally liable for the debts and obligations of the Michigan corporation. Ownership in a Michigan corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the Michigan corporation itself. Another advantage of forming a Michigan corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Michigan Corporation?

After we form a Michigan corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Michigan corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your Michigan corporation. If you purchase our Michigan premium package, EIN obtainment is included for your Michigan corporation.

How do I form a Michigan S Corporation?

If you want to form a Michigan S corporation or Michigan sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your Michigan S corporation starts as a general stock corporation (C corporation). To obtain or to form a Michigan S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a Michigan S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about Michigan C corporations below. By obtaining S corporation status in Michigan, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the Michigan S corporation's shareholders include their share of the Michigan Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in Michigan?

Generally most people form Michigan C corporations that plan on publicly trading the corporation's stock. Since Michigan S corporations cannot have more than 75 shareholders, choosing to maintain a Michigan C corporation allows for 76 shareholders or more. A Michigan C corporation can have multiple classes of stock such as preferred and common shares. A Michigan C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find Michigan S corporations desirable. However, a Michigan S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a Michigan corporation online, click here to see the costs and time turnaround options for Michigan corporations.

How do I obtain or prepare corporate bylaws for my Michigan Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your Michigan corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your Michigan corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my Michigan corporation?

The corporate bylaws serve as a blueprint for your Michigan corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most Michigan bylaws contain the number of directors and their names. Michigan bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of Michigan corporation bylaws is to create "rules" on how the Michigan corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most Michigan bylaws will reference a list of shareholders in alphabetical order that includes Michigan shareholder's names, addresses, titles held with the Michigan corporation, and the amount of shares the shareholder owns in the Michigan corporation.

What is a Michigan corporate seal?

After the Michigan corporation prepares its bylaws or has Sun prepare the bylaws, the Michigan corporation will need a corporate seal. What is a Michigan corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the Michigan corporation was formed. Many banks and other lending institutes require Michigan corporations to possess and use a corporation seal on business documents or loan papers. All Michigan corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a Michigan corporation kit?

The Michigan corporate kit is typically a hardbound binder that contains all of the Michigan corporation's important documents such as the Michigan Articles of Incorporation and bylaws. All the Michigan corporation kits that Sun sells include having the Michigan corporation's name hot stamped (professional imprint of the Michigan corporation's name) on the spine. Most Michigan corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a Michigan corporate kit is stock certificates. All of the Michigan corporate kits that Sun sells contain 20 custom stock certificates that include the Michigan corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your Michigan corporation, you can order a Michigan corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Michigan corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the Michigan bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your Michigan corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Michigan corporation.

To form a Michigan corporation online, click here to see the costs and time turnaround options for Michigan corporations.

We wish you the best with your Michigan corporation business venture!