Avoid Failure: The 3 Key Elements of a Michigan LLC

Converting Your Business to a Michigan LLC? Here's What You Need!
1. State Formation Filing: Obtain this directly from the secretary of state.
2. Employer Identification Number (EIN): Essential for all businesses. Think of it as your business's social security number. Even if you aren't employing anyone, you still need one. Also referred to as an FEIN or Tax ID.
3. Operating Agreement/Company Agreement: This is the legal document that proves your ownership of the business. Essential for banks to verify ownership and for tax purposes with the EIN.
Remember, when setting up your Michigan LLC, both the operating agreement (proving your ownership) and the EIN (for tax purposes) are crucial for banking and other official procedures. Don't skip these steps!
Free Guide from BetterLegal:
betterlegal.co...