Michigan S Corp Formation

Michigan S Corporation Formation

Steven Stark S Corporation Lawyer for MI

For over 30 years, Steven Stark has offered counsel to non-profit organizations and private companies. He has a passion for helping small businesses in particular since he himself started several businesses of his own in New York and Florida. He understands the importance of small businesses having a reliable attorney to advise them about legal matters from their inception.
226 reviews

Richard Gora S Corporation Lawyer for MI

Looking for an attorney with experience? Richard Gora is the exact attorney you want. Having defended over 100 cases both in state and federal courts and working with clients from around the globe, Richard has an array of different experiences. His services are wide-ranging and include business litigation, securities litigations, employment litigation, and business counsel. Prior to founding Gora LLC, he worked for Finn, Dixon & Herling LLP for eight years.
151 reviews

Joshua Garber S Corporation Lawyer for MI

Representing notable clients like Tesla and the City of Los Angeles, Josh Garber excels at helping clients with employment and labor laws. Many of his past clients have had great success using Josh for employment agreements and Division of Labor Standards Enforcement (DLSE) hearings. With his practical advice, he has even helped clients avoid going to court.
166 reviews

Jeffrey Marks S Corporation Lawyer for MI

A former video game industry professional, Jeffrey Marks is now a highly experienced attorney focusing on real estate, corporate transactions, family law, and insurance litigation. Jeffrey has significant experience taking on insurance companies that fail to provide coverage for claims against corporate insurance policies.

Ugo Nwadike S Corporation Lawyer for MI

A native of Miami, Ugo Nwadike is an attorney specializing in business law, intellectual property law, immigration law, and litigation. In 2015, he started his own law firm, UBN Legal, P.A. in Coral Gables, Florida. He is also a Pro Bono Attorney for the Venture Law Project. While receiving his J.D. at St. Thomas University School of Law, Ugo was a member of the Intercultural Human Rights Law Review.

Jeffery Graham S Corporation Lawyer for MI

Jeffery is an attorney with Bernstein Litowitz Berger & Grossmann LLP and practices small business, immigration, and employment law. He assists individuals and businesses in legal matters including business transactions, immigration, and civil litigation. Jeffery has also successfully served pro bono clients such as the San Diego County Bar Association’s Service Members Civil Relief Act Program.

Derek Haake S Corporation Lawyer for MI

If your company is on the cutting edge of technology, you need an attorney that loves working on the edge with you. Derek Haake is a perfect fit. Whether you are developing an emerging technology or dealing with big data, Mr. Haake wants to be right next to you every step of the way. Mr. Haake can help with formation, employment, operations, contracts, securities, and mergers.

Kathryn Mccoy S Corporation Lawyer for MI

Kathryn McCoy is an attorney at law who has been serving corporate clients for almost three decades. She has been licensed to practice law in Texas and received her legal degree after she graduated from the University of Texas School of Law. Kathryn primarily specializes in dealing with legal cases that involve labor and employment law. Kathryn has been serving as a senior counselor at McCoy Legal Services since May 2017.
2 reviews

Jeffrey Patneaude S Corporation Lawyer for MI

Jeffrey Patneaude is a real estate and construction attorney with eight years of experience. He has litigated more than 100 legal cases. Jeffrey is licensed to practice law in Florida and obtained his legal degree from the University of Denver. He also holds a B.S.B.A in Business Finance and Construction. Jeffrey is also experienced in dealing with commercial contracts, as well as business formations. He has been a shareholder at the Florida Attorney Group since January 2016.
2 reviews

Terrence Smith S Corporation Lawyer for MI

Terrence Smith is a start-op attorney with more than a decade worth of experience. He is licensed to practice law in California and obtained his J.D. in law after he graduated from the Georgetown University Law Center. Terrence specializes in drafting, negotiating and reviewing commercial contracts. He is also experienced in labor and employment law, as well as in mergers and acquisitions. Terrence is currently serving as a partner at Smith & Patel Law.
2 reviews

Conor Teevan S Corporation Lawyer for MI

Top-tier talent shouldn’t have to come with a top-tier fee. This is why Conor Teevan combines his top-tier expertise (Yale undergrad, Stanford Law) with affordability. Conor has represented Silicon Valley startups, real estate investors, artists creating companies, and even a child author in need of a book deal. Conor himself started a real estate company with holdings in five states.
127 reviews

Seth Wiener S Corporation Lawyer for MI

As an experienced trial lawyer and litigator, Seth Wiener has resolved numerous federal and state litigations. His cases have included everything from family law to bankruptcy to fraud and more. Before Seth formed his own firm, the Law Office of Seth W. Wiener, he worked for several prominent law offices where he gained a great deal of experience.
520 reviews

Seth Heyman S Corporation Lawyer for MI

Seth Heyman takes the saying, "the devil is in the details" to heart. As a corporate law attorney, he knows that being thorough and detail-oriented is extremely important in transactions and in every agreement. Mr. Heyman has over 20 years of experience with entity formation, advertising law, contracts, regulatory law, international law, and Internet law. He provides practical and cost-effective legal solutions.
134 reviews

Johnny Manriquez S Corporation Lawyer for MI

Johnny Manriques is a patent attorney with extensive experience in dealing with cases that involves intellectual property law and related legal matters. He has more than 14 years of experience and is licensed to practice law in California. Johnny is registered with the State Bar of California. He has a Juris Doctor degree in law. Johnny recently started his own firm, but worked with Procopio Cory for three years prior to starting his own law office.
100 reviews

Mary Hodges S Corporation Lawyer for MI

Employment is a big part of any business, and Mary Hodges understands that many business owners may not know the legal details of the hiring or termination process. She works with business owners with a variety of needs: from working with independent contractors, to developing and implementing employment policies, non-disclosure agreements, and more. Ms. Hodges can also help with business formation, contracts, and operations.
168 reviews

Mario Naim S Corporation Lawyer for MI

Mario's firm focuses on serving growth companies throughout the venture capital life cycle from startups to public companies. The firm provides services related to business law, specifically corporate, securities, business combinations and commercial transactions. He has also helped foreign clients in the acquisitions of businesses in the U.S., Canada, Europe, the Middle East, and South America.
126 reviews

Meaghan Zore S Corporation Lawyer for MI

Meaghan Zore is an attorney and certified information privacy professional (CIPP/US) who has served as an in-house counsel for dozens of companies. Meghan has demonstrated expertise in technology policy strategy, analysis, and advocacy, which is why her insights have been quoted in Time Magazine and San Diego Union Tribune. Her practice provides large firm services at a fraction of the cost.
81 reviews

Bradley Rothschild S Corporation Lawyer for MI

Creativity is key for Bradley Rothschild, a real estate, business, intellectual property, and entertainment attorney. When clients need an attorney who will think outside the box for them - Mr. Rothschild is the right person for the job. He focuses on not only solving problems, but also on serving the whole client and preventing problems.
111 reviews

Thomas Bark S Corporation Lawyer for MI

Thomas Bark is a Partner at Jones Bay working with startups, but he can also handle legal matters for large companies. Previously, he has worked for two top international law firms for some 25 years - some of his experience includes working abroad.. His practice extends to corporate law and commercial contracts, with a particular emphasis in VC finance, M&A, lending, employment, joint ventures and technology issues. He attended The University of Virginia School of Law.
131 reviews

Eric Kirkland S Corporation Lawyer for MI

Eric Kirkland is a business attorney with a strong entrepreneurial background. He has 26 years of experience. Eric focuses on contracts, intellectual property, strategic partnerships, software licensing and other general business-related legal matters. He is the managing attorney of Kirkland Law and was previously the founder and CEO of Just Cellular Inc. Eric graduated with a Doctor of Law from the Pepperdine School of Law.
120 reviews

Grant Maynard S Corporation Lawyer for MI

Grant represents high-growth companies in all aspects of formation, financing, and intellectual property issues. He has previously done general corporate, intellectual, and real estate work at Nebraska's oldest law firm before transitioning to a more virtual lifestyle. As an entrepreneur himself, he understands the need to balance legal and business interests.
62 reviews

Scott Stram S Corporation Lawyer for MI

As a member of both the New York and New Jersey Bars, Scott Stram is an accomplished lawyer with experience in a range of legal and business areas. This includes corporate law, data security, compliance, real estate, and intellectual property. Before founding Stram Law, Scott was a compliance officer for a company that performed property audits, a director of a security consulting practice, and an operations officer for Viacom and CBS.
133 reviews

Ramsey Taylor S Corporation Lawyer for MI

Ramsey Taylor is a business attorney with over 21 years’ experience. He has exceptional experience in dealing with international business law, but also assists local companies within the United States with their legal matters. Ramsey is licensed to practice law in New York and the District of Columbia. He obtained his Juris Doctor degree from the New York University. In March 2017, Ramsey founded his own legal firm, Taylor Legal, where he now acts as the owner and principal attorney.
57 reviews

Helen Quinn S Corporation Lawyer for MI

Helen has extensive experience in structuring, negotiating, and managing corporate transactions. In her previous role as a senior corporate securities attorney for Wilson Sonsini, she provided corporate counsel in connection with over seventy merger and acquisition transactions, over fifty venture capital finance transactions, and several initial public offerings.
52 reviews

Neil Park S Corporation Lawyer for MI

Neil Park is well-equipped in Private Practice - with over 7 years of experience acting as outside General Counsel for many of his business clients. For the past two years, Neil has been working as Counsel for an Intellectual Property boutique. His practice areas include Intellectual Property Counseling, Trademark Prosecution, Licensing, Trade Secret Management and Strategy, Business Transactions, Corporate Law and Regulatory Compliance. He attended Loyola Law School.
50 reviews

Paul Spitz S Corporation Lawyer for MI

With an MBA in marketing from Indiana University, Paul Spitz offers business experience and legal expertise to companies ranging from startups to midsize organizations. He specializes in the areas of technology, marketing, e-commerce, and digital media. Unlike attorneys at large law firms, Mr. Spitz is able to provide affordable services in counseling, representation, and negotiation.
82 reviews

David Yamaguchi S Corporation Lawyer for MI

Startups and small businesses sometimes need someone who can deal with complex transactions on an international playing field. David Yamaguchi specializes in content hosting issues and intellectual property. He concentrates his practice in the United States, Asia, India, and Europe. Whether you are a business giant or a startup, Mr. Yamaguchi can provide legal advice that fits your needs.
121 reviews

Lisa Thorsen S Corporation Lawyer for MI

Licensed in California and Texas, Lisa Thorsen focuses on corporate contracts and transactions, trusts and estates, real estate, and startups. She previously worked as an associate attorney at Circuit, McKellogg, Kinney & Ross, LLP for six and a half years and spent the past 3 years in private practice as a solo practitioner. Ms. Thorsen has 8+ years of experience practicing law as a licensed attorney.
40 reviews

John Fallone S Corporation Lawyer for MI

John Fallone thinks big and gets it done. As an early-stage company attorney, John is also a co-founder of SendHub, the cloud-based phone system making it easier for today’s businesses to communicate with customers and employees. A self-identified geek of processes and efficiency, John plans to get an MBA from Duke’s Fuqua School of Business
70 reviews

Michael Allers S Corporation Lawyer for MI

Michael Allers provides legal services related to general business matters. He has been practicing law for the past six years and is licensed to practice law in Texas and New York. Some of the top clients that Michael has represented include Southwest Airlines, Reata Pharmaceuticals and Carousel Capital. Michael has exceptional experience with commercial contracts, business formation and mergers. He has been operating as a private practicing attorney since June 2016.
42 reviews

Jenny Villier S Corporation Lawyer for MI

Jenny graduated from Notre Dame Law School and has a bachelor's degree in finance and accounting from the University of Dayton. Jenny was a member of the Notre Dame Law Review. Jenny is also a CPA (inactive). Jenny's practice areas include business and tax law, with a particular emphasis on small business and startup legal issues. Jenny regularly writes in the areas of business law, tax law, estate planning and employment law. Her articles have been published in the ABA Business Tax Quarterly, the ABA Private Equity and Venture Capital Committee Newsletter, and the WealthCounsel Quarterly.
45 reviews

Stacy Smith S Corporation Lawyer for MI

Stacy Smith is your go-to for your business and real estate needs. She can help with business sales and purchases, entity formation, contracts, and more. Whether your business needs help with vendor agreements or financing, Ms. Smith can help. She can also deal with things like zoning and separating or combining lots. She brings her 25 years of experience to every legal issue.
74 reviews

Glenn Manishin S Corporation Lawyer for MI

Glenn Manishin is the managing partner at Paradigmshift Law LLP and founded the law firm in 2015. The focus of his law firm lies within Internet technology and business law. Attorney Manishin has a mission in place to help clients and companies find creative and efficient ways for their business models to navigate through legal and regulatory barriers. Attorney Manishin has worked with top companies including Sports Fans Coalition, Inc., Consumer Federation of America, and more.
64 reviews

Michael Brennan S Corporation Lawyer for MI

Your legal question is important, regardless of whether it is big or small. Michael Brennan firmly believes that every business deserves a lawyer that is both responsive and dependable and he strives to provide that type of service to every client. Mr. Brennan can help with various business law issues, including business structuring and funding and general transactional issues.
41 reviews

Philip Heller S Corporation Lawyer for MI

A corporate and commercial transactions counsel, Philip Heller has represented leading digital media, entertainment, and technology companies, including Warner Bros, Hulu, and American Express. He is particularly knowledgeable about SaaS, software licensing, partnerships, and private equity funds. Mr. Heller specializes in negotiations and drafting complex agreements and privacy policies.
76 reviews

Thomas Love S Corporation Lawyer for MI

Holder of seven patents, Thomas Love has a work history spanning from a partnership in a major firm (specializing in international corporate finance) to working at a number of startups, including in software, global supply chain, and online education. Today, Mr. Love represents clients worldwide and has provided his services to non-profits in theater, women’s empowerment, medical education, and more.
63 reviews

Jonathan Savar S Corporation Lawyer for MI

In addition to being a skilled business lawyer, Jonathan Savar is highly experienced in investment banking. He handles strategic transactions, financings, and contracts for individuals, startups, and middle-market companies. Mr. Savar offers every one of his clients individualized attention to provide efficient, cost-effective services.
77 reviews

Kaiser Wahab S Corporation Lawyer for MI

Complex corporate transactions in technology, media, and securities require a knowledgeable and experienced attorney. Kaiser Wahab brings those qualifications with him when he is counseling clients on corporate structuring, investor agreements, and equity incentive plans. Whether you are a Fortune 500 company or a start-up, Mr. Wahab has your complex business needs covered.
55 reviews

Geoffrey Amend S Corporation Lawyer for MI

Geoffrey Amend has over 21 years of experience as a business attorney. He is licensed to practice law in Kansas. Geoffrey has represented numerous corporate clients, including JungleBee, MomoCentral and APIMATIC. He started his own legal firm in 2013 and was the general counsel at Chelsea Partner before starting his own firm. Geoffrey graduated with a J.D. in law from the Washburn University School of Law in 1995.
261 reviews

Umar Farooq S Corporation Lawyer for MI

Umar Farooq focuses on corporate legal matters that include commercial contracts, employment matters and business operation management. He has represented Vodafone, RBS, ExonMobil and various other large corporations. Umar graduated cum laude from the University of Buffalo School of Law in 2007. He also received an Adelbert Moot Scholarship while attending the University in 2006. Umar started his own law firm in 2012 and is currently the managing business attorney.
118 reviews

Joseph Waala S Corporation Lawyer for MI

Joseph Waala is an Attorney, who has been licensed for 17 years. In the year 1999, he was an Associate with Baker & Hostetler. After that, he spent time working for Law Firms such as King & Spalding, LLP and Phillips Lytle, LLP. His focus areas include energy and utilities, oil and gas, contracts and agreements, as well as commercial real estate matters. Joseph attended The Georgetown University Law Center and graduated with his J.D. almost two decades ago.
32 reviews

Jeff Carson S Corporation Lawyer for MI

Jeff Greenblatt provides small to mid-size technology companies with effective legal counsel, but his clients will tell you that he responds as if he is your personal in-house counsel. Perhaps this is because of his experience as a general counsel for a variety of businesses. Mr. Greenblatt handles contracts and transactions, intellectual property issues, employment matters, and compliance and risk management.
42 reviews

Jann Moorhead S Corporation Lawyer for MI

Jann Moorhead is a global transactional attorney with 25 years of experience representing established international companies and startups. She was the lead attorney for the Star Wars franchise and was in charge of negotiating the licensing activities. She has also negotiated many agreements for licensing, distribution, business transactions, privacy, and other commercial contracts across many industries such as consumer products, media, technology, software, and e-commerce.
69 reviews

Mary Obidinski S Corporation Lawyer for MI

Business owners often shudder at the idea of having to pay general counsel for legal advice. With Mary Obidinski, you know that you are getting straightforward, honest legal options that will not break the bank. Ms. Obidinski is worth every cent from her experience as general counsel for a large private corporation and work with small businesses and starts ups.
49 reviews

Jamie Davenport S Corporation Lawyer for MI

Jamie Davenport is a business lawyer that specializes in drafting and negotiating commercial contracts. She primarily assists startup companies and entrepreneurs overcome legal hurdles, but she is able to assist clients of any size. Jamie is also experienced in dealing with legal matters that concerns trademark and copyright law. Jamie has over 17 years of experience and she is licensed to practice law in California. She has been acting as a solo practitioner since 2012.
38 reviews

Sheheryar Sardar S Corporation Lawyer for MI

Sheheryar Sardar has extensive experience analyzing, structuring, negotiating, and closing sophisticated commercial transactions. He is the trusted advisor of numerous boards of directors, investors, and executive teams throughout the tech world. Mr. Sardar was the winner of Martindale Hubbell’s client service distinction and at Emory Law School received the dean’s award for comparative law.
45 reviews

Alejandro Maher S Corporation Lawyer for MI

Alejandro Maher’s firm specializes in domestic and international corporate transactions, commercial litigation, and arbitration. He has represented individual investors, entrepreneurs, and emerging-growth companies in matters of public and private offerings of equity, M&A, and real estate financing. Currently, Alejandro has over 50 domestic and international clients.
166 reviews

Sarvey Askarieh S Corporation Lawyer for MI

Sarvey Askarieh is an award winning attorney, having been named Top Attorney in 2013 and 2014 by Pasadena Magazine and having been selected as the Super Lawyers Rising Star List in 2016. Her clients are numerous and varied, including individuals, small businesses, and even Fortune 500 companies. Her practice is dedicated to being client-focused and she aims to provide the highest quality legal services at all times.
47 reviews

Why use UpCounsel to hire a Michigan S Corporation Formation Attorney?

Confused by complicated questionnaires and government forms? Want to get your questions answered by a real attorney? UpCounsel provides personalized legal services with experienced attorneys to help form your Michigan S Corp the right way.
14 years

Average experience

You always get experienced professionals and high caliber work.

3x

Faster

Your work gets done quickly because professionals are always available.

60%

More cost effective

We use technology to cut traditional overhead and save you thousands.

UpCounsel has been talked about in:

Money-Back Guarantee on All of Your Legal Work

Applies to all transactions with verified attorneys on UpCounsel

In the event that you are unsatisfied with the work of an attorney you hired on UpCounsel, just let us know. We’ll take care of it and refund your money up to $5,000 so you can hire another attorney to help you.

Why use UpCounsel to form an S Corporation in Michigan

Starting an S Corporation in Michigan with a business startup attorney on UpCounsel is easy, informative, and cost-effective. In just three simple steps, our S Corporation attorneys will help you protect your business and personal assets, and help you organize your business for state and federal compliance for an S Corporation.

When forming an S Corporation in Michigan with UpCounsel, the attorney you choose to help you will conduct a business name search for your Michigan S Corporation and assist you in preparing your S Corporation Operating Agreement, along with providing other legal services based on your needs. Once your Articles of Incorporation have been prepared and successfully filed with the Michigan Department of Licensing and Regulatory Affairs Bureau of Commercial Service, your Michigan S Corporation has been formed and begins its existence as a corporate entity.

However, a corporation does not register as an S Corporation with the Department of Licensing and Regulatory Affairs Bureau of Commercial Service. It registers as a corporation with the state and then may file for S Corporation status with the IRS. S Corporation status is a taxation category which provides income tax advantages to small businesses.

Choosing a Company Name for Your S Corporation

One of the first steps in the process of forming your S Corporation is to choose your business name.

The business name that you choose must contain the word "Incorporated", "Corporation", "Company", or "Limited", or an abbreviation. It must be distinguishable (not the same as or deceptively similar to) the name of an S Corp or foreign S Corporation reserved or registered.

Your S Corporation name may contain the name of one or more members.

By using UpCounsel, you can choose several business names in order of preference. Your attorney of choice can then conduct a name check for your Michigan S Corp before filing to see which names are available. Once you have chosen an available name, your chosen S Corporation attorney can help you properly register your name with the State of Michigan.

Requirements for Forming a Michigan S Corporation

Articles of Incorporation: When forming an S Corporation in Michigan, the Articles of Incorporation must be filed following NRS Chapter 86 with the Michigan Department of State Division of Corporations. Michigan state law requires that certain information be included in your Articles of Incorporation when forming your Michigan S Corporation.

This information must include:

  1. The S-Corp's name and address.
  2. The purpose of the S Corporations.
  3. The name and address of the registered agent for service of process on the S Corporation.
  4. The number of shares the corporation is authorized to issue (if there is more than one class or series of shares, state the relative rights, preferences, and limitations of the shares of each class).
  5. The name and address of each incorporator.

Additionally, a Michigan S Corporation formation generally requires inclusion and/or consideration of the following:

S Corporation Qualification Requirements: For a corporation to qualify as a S Corporation for tax purposes, it must meet the following requirements:

  1. Must be a domestic corporation.
  2. Have only allowable shareholders including individual, certain trusts, and estates; and may not include partnerships, corporations or non-resident shareholders.
  3. Have only one class of stock
  4. Have no more than 100 shareholders
  5. Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations).

Additionally, a Michigan S Corporation formation generally requires inclusion and/or consideration of the following:

S Corporation Operating Agreement: Although the S Corporation Operating Agreement is not required with the Articles of Incorporation, it is a good idea for every S Corporation with more than one member to have one. The Articles of Incorporation may contain restrictions or prohibitions on the power of the members to adopt, amend, or repeal an operating agreement. Michigan recognizes operating agreements as governing documents.

Membership: A S Corporation must have one or more members.

Eligibility Requirements: A natural person or an entity.

Procedure for Membership: The member may acquire an interest in the S Corporation directly from the S Corporation at the time of formation and, after formation, at the time provided in and upon compliance with the Articles of Incorporation or the operating agreement or, if not provided, only upon the vote of a majority in interest of the S Corporation members, excluding the vote of the person acquiring the membership interest, and only when the person becomes a party to the S-Corp's operating agreement.

Business Licenses: Business licenses and/or permits are required for most S-Corp's offering specific professional services. Contact the Michigan State Corporations Commission for specific licenses.

Resident Agent needed for a Michigan S Corporation

UpCounsel attorneys can also provide your business with a registered agent in Michigan. Every Michigan S Corporation must have a registered agent in Michigan, which is the person or office designated to receive official state correspondence and notice if the company is "served" with a lawsuit. A Michigan resident, corporation, or a foreign corporation that has the authority to transact business in Michigan may act as a registered agent, as long as they have a physical street address in Michigan.

Michigan Department of Licensing and Regulatory Affairs Bureau of Commercial Service

Once you create an S Corporation in Michigan, the Michigan Department of Licensing and Regulatory Affairs Bureau of Commercial Service will require that certain recurring responsibilities and duties be fulfilled. The most important of these are explained below.

For further information, contact the Michigan Department of Licensing and Regulatory Affairs Bureau of Commercial Service.

Recurring Responsibilities and Duties for Michigan S Corporations

Annual Report: Each S Corporation shall provide an annual report to the Michigan Department of Licensing and Regulatory Affairs Bureau of Commercial Services regarding its financial condition to each of its members. This must be filed every year by May 15. The filing fee for the annual report is $25.

Records: Each Michigan S Corporation must keep the following records open to inspection at its office:

  1. A current list of the full name and last known business or residence address of each member and of each holder of an economic interest in the S Corporation set forth in alphabetical order, together with the contribution and the share in profits and losses of each member and holder of an economic interest.
  2. If the S Corporation is manager-managed, you will need a current list including the full name and business or residence address of each manager.
  3. A copy of the Articles of Incorporation and all amendments thereto, together with any powers of attorney pursuant to which the Articles of Incorporation or any amendments thereto were executed.
  4. Copies of the S-Corp's federal, state, and local income tax or information returns and reports, if any, for the six most recent taxable years
  5. A copy of the S-Corp's Operating Agreement, if in writing, and any amendments thereto, together with any powers of attorney pursuant to which any written operating agreement or any amendments thereto were executed.
  6. Copies of the S-Corp's financial statements, if any, for the six most recent fiscal years.
  7. The books and records of internal affairs as they relate to the S Corporation for at least the current and past four fiscal years.
  8. A signed "Incorporator's Statement" showing the names and addresses of the initial directors who will serve on the board until the first annual meeting of shareholders.

Filing Fees for a Michigan S Corporation

Filing of the Articles of Incorporation must be made with the Michigan Department of Licensing and Regulatory Affairs Bureau of Commercial Services in which the S Corporation was organized, along with the appropriate state filing fee. The filing fee is based on the number of authorized shares plus a $10 fee. There is a $50 fee for the first 60,000 shares; $100 for up to 1 million shares.

Taxes for a Michigan S Corporation

A Michigan S Corporation is a special type of corporation created through an IRS tax election. An eligible corporation can avoid double taxation (once to the corporation and again to the shareholders) by a corporation with a Subchapter S designation by the IRS. A corporation must file a Form 2553 to elect "S" status within two months and 15 days after the beginning of the tax year.

Owners of the S Corporation report business losses or profits on their personal tax returns, and therefore the business itself is not taxed. Each shareholder is responsible for paying taxes on their pro rata share of the S corporation's items of income, deductions, and credits (through a Schedule K-1 form).

Michigan state law follows federal law for income tax purposes. Therefore if a corporation is classified as an association taxable as a S Corporation for federal income tax purposes, so will it be taxable as a corporation for state tax purposes.

Federal Income Tax: An S Corporation does not pay federal income tax.

Michigan State Income Tax: Michigan S Corporations are however taxable under state law. Michigan imposes the Single Business Tax rather than an income tax.

Federal Tax Identification Number: Your corporation will need to obtain a federal tax identification number, which is also known as an Employment Identification Number (EIN). You do not need to get a new EIN after the corporation choose to become a S Corporation. An EIN is similar to an individual's social security number. You will need an EIN for your S Corporation as long as there is one member, even if the S Corporation does not have employees. For certain tax filing requirements the attorney you choose on UpCounsel can help prepare your Federal Tax ID Application, if you have not done so already.

Start Your Business Off Right with an Affordable Attorney in Michigan

What Our Customers Have to Say

"UpCounsel gives me access to big-firm lawyers minus the big-firm price tag. I work with several attorneys on the platform and there are never surprises...I always receive quality legal work at competitive rates that larger firms simply cannot match."

Scott Woods
SVP & General Counsel

"Every startup needs to know about UpCounsel. We found great attorneys at great prices and were able to focus our resources on improving our business instead of paying legal bills."

Sean Conway
Co-founder & CEO

"Before UpCounsel it was hard for us to find the right lawyer with the right expertise for our business. UpCounsel solves those problems by being more affordable and helping us find the right lawyer in no time."

Tristan Pollock
Co-founder & COO

Find the best lawyer for your legal needs