Starting a New Business

Question 1

When do you need to register your business with various Federal, State, and Locale agencies?

Answer 1

If you will be operating a business other than a Sole Proprietor

Question 2

Steps to creating a new business:
A)
B)
C)
D)
E)

Answer 2

A. Go to www.michigan.gov/entitysearch To verify that the company name you wish to use is not already being used by someone else.

B) obtain an employer identification number
(EIN) Form SS-4. That number will be required for filing your company with the state of Michigan and for other tax purposes

C) go to www.michigan.gov/corporations and register your business entity.
1. Corporations file “Articles of Incorporation”.
Form CSCL/CD 500
2. LLC’s file articles of “Organization” Form CSCL/CD 700.
Check with your attorney, you may also wish to draft an “Operating Agreement”.

D) After obtaining your documents from the LARA Corporation Division go to www.michigan.gov/builders. Download BPL/
LBL-020 Application for company Residential Builders License.

E) Open a commercial bank account.