Form a S-Corp in Michigan
Everything you need to know about forming a S-Corp in Michigan. Filing fees, requirements, timeline, and step-by-step guidance.
How to File
Choose Corporate Name
Select a unique name that complies with Michigan naming requirements and includes 'Corporation', 'Incorporated', 'Company', or abbreviation.
30 minutes
Appoint Registered Agent
Designate a registered agent with a Michigan address to receive legal documents and official correspondence.
15 minutes
File Articles of Incorporation
Submit Articles of Incorporation with Michigan Department of Licensing and Regulatory Affairs (LARA) along with $50 filing fee.
45 minutes
Obtain EIN
Apply for an Employer Identification Number from the IRS for tax purposes and banking needs.
20 minutes
What's Next After Filing
Once your S-Corp is officially formed, you'll want to complete these important steps:
- •File Form 2553 — Submit IRS Form 2553 within 75 days of incorporation to elect S-Corporation tax status.
- •Create Corporate Bylaws — Draft internal operating rules and procedures for the corporation, though not required to be filed with the state.
- •Issue Stock and Hold Meeting — Issue stock certificates to shareholders and hold initial board of directors meeting to adopt bylaws and elect officers.
Advantages
- ✓Pass-through taxation avoids double taxation
- ✓Limited liability protection for owners
- ✓Enhanced credibility with customers and vendors
- ✓Ability to have up to 100 shareholders
Considerations
- •Strict IRS eligibility requirements and ongoing compliance
- •Limited to one class of stock
- •Required payroll taxes on owner-employee wages
- •More complex tax filing requirements than sole proprietorship
Annual Obligations
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