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LLC (limited liability company) is more commonly used in the U.S. whereas Ltd. (limited) is more commonly used in the U.K. The differences in types and jurisdictions stipulate the different rules regarding ownership, taxes, and dividends.
Not every Michigan LLC needs a business license to operate, but some do. Companies in regulated industries, such as child care and construction, will need to obtain a license from the state. Those in professional occupations, such as healthcare, will need a license from the Bureau of Professional Licensing.
Completing and filing your articles of organization form is the most important step when learning how to get an LLC in Michigan. You'll need to file this form with the Michigan Corporations Division.
Prepare and file with Michigan Michigan does not require you to submit an Operating Agreement to form your LLC.
Sole Proprietorships and General Partnerships do not have to register their companies. Still, if they use a name that doesn't include the legal names of the business owners, they must first find out if the name is already taken by searching the Michigan Entity Name Database.
While the state of Michigan does not offer or require an overall business license, unless you are operating in specific fields, there are several municipalities that do require licensing if a business plans to operate in their community.
Allow 7-10 days for mailing and an additional 2 weeks for processing. c. Print or make a copy of your registration application for your records.
Michigan LLC Cost. Forming an LLC in Michigan costs $50?the state fee to file the Michigan Articles of Organization. You'll also need to pay a $25 annual report fee every year to keep your LLC active.