Michigan Business Registration — Sole Proprietorship (effective January 1, 2007) is a registration process for businesses in the state of Michigan that are owned and operated by a single person. This registration process includes filing an application with the Michigan Department of Licensing and Regulatory Affairs (LARA) and paying the necessary fees. Once the application is approved, the sole proprietor is allowed to conduct business within the state of Michigan. The registration also provides protection from personal liability for business debts and other obligations. The sole proprietorship registration is available for any type of business enterprise, including retail, service, manufacturing, wholesale, and professional. There are two types of Michigan Business Registration — Sole Proprietorship (effective January 1, 2007): Standard Registration and Enhanced Registration. The Standard Registration requires minimal information and is more affordable, while the Enhanced Registration requires additional information and is more expensive but provides additional benefits.
Michigan Business Registration - Sole Proprietorship
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Michigan income tax must be paid on income earned, received, or accrued while living in Michigan. Nonresidents: A person whose permanent home for the entire year was in another state is a nonresident. Michigan income tax must be paid on income earned from Michigan sources.
Michigan's Corporate Income Tax (CIT) is at a flat rate of 6%. The tax applies to C Corporations and any entity that elects to be taxed as a C corporation. Income is apportioned based 100% on the sales factor.
In Michigan, a UBG with standard members must file Form 4567. A Designated Member (DM) must file the return on behalf of the standard members of the group. In a parent- subsidiary controlled group, the controlling member must serve as DM if it has nexus with Michigan.
The Michigan Business Tax (MBT), which was signed into law by Governor Jennifer M. Granholm July 12, 2007, imposes a 4.95% business income tax and a modified gross receipts tax at the rate of 0.8%. Insurance companies and financial institutions pay alternate taxes (see below).
You must file a Michigan Individual Income Tax Return if your Michigan income exceeds your prorated exemption allowance. Note: For the 2022 tax year, each Michigan personal and dependent exemption allowance is $5,000 plus $2,900 for each eligible special exemption.
On , Governor Rick Snyder signed legislation that repeals the complex and unpopular Michigan Business Tax (MBT) and replaces it with the new Michigan Corporate Income Tax (CIT) effective as of January 1, 2012.
You must file a Michigan return if you file a federal return or your income exceeds your Michigan exemption allowance. A return must be filed even if you do not owe Michigan tax.
Use this form only if you discontinued or made changes to your business. Complete all sections that apply. Changes provided on this form may also be completed electronically at mto.treasury.michigan.gov.