Starting a Business in Michigan
LLC filing: $50 | Corp filing: $60 | Business-friendly score: 6.2/10
Business Environment at a Glance
6.2/10
Business-Friendly Score
4.25%
Income Tax
6%
State Sales Tax
$10.56
Minimum Wage
Business Filing Fees in Michigan
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $50 | One-time, filed with Secretary of State |
| LLC Annual Fee | $25 | Due annually to maintain good standing |
| Corporation Filing Fee | $60 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $25 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 4.25% |
| Corporate Tax Rate | 6% (Corporate Income Tax) |
| State Sales Tax | 6% |
| Max Local Sales Tax | 0% |
| Minimum Wage | $10.56/hr |
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Michigan Special Requirements
- Annual statement/report required ($25)
- Michigan Sales Tax License required for retail businesses
- Workers compensation required for 1+ employees
- City income tax applies in some municipalities (Detroit, Grand Rapids, etc.)