MI DBA BUSINESS NAME

If you are the shareholder / owner of  a corporation, LLC, or other state registered limited entity, the legal name is the name on the face of the filed articles / certificate. Other than corporate state created entities,  the legal name of the owner is the personal name of the business owner or owners.  Starting business operations in () and even opening a bank account under any name other than your legal name requires a DBA filing.

Get Your MI DBA, Doing Business as, Fictitious Business Name Statement, Certificate of Assumed Business Name, Fictitious Firm Name, Doing Business As, DBA business certificate.

Michigan DBA stands for "doing business as."   Depending on the state,  governments may also use the terms fictitious business name, trade name or assumed name.  You are required to register Augusta DBA if your business operates under a name other than its legal name.

GETTING A Michigan DBA VS. INCORPORATING OR FORMING AN LLC

 

WHAT IS A <span style="font-size: 1.1em;color:green">Hello, I want to register for my LLC and get licenses in MI. Is it a good state to start a business?&nbsp; In general, what licenses does a small business need to start operations in MI? <div class="fa-3x"> <i class="fad fa-water fa-3x" style="--fa-primary-color:green; --fa-secondary-color: gold "> </i></div> <h2>Benefits of Starting a Small Business in Michigan</h2><br /> <h4>The Thrills of Starting a Small Business in Michigan</h4>Michigan, known as the Great Lakes State, offers an exciting and favorable environment for small businesses to flourish. Here are some compelling stats and facts that make Michigan an attractive destination for entrepreneurs: <h4>1. Robust Economy</h4> <ul> <li>Michigan boasts a diverse and resilient economy, ranking as the 13th largest in the United States.</li> <li>The state is a leader in various industries, including automotive manufacturing, advanced manufacturing, information technology, aerospace, and healthcare.</li> <li>Michigan is home to major corporations like General Motors, Ford, Dow Chemical, and Whirlpool, providing opportunities for collaboration and networking.</li></ul> <h4>2. Entrepreneurial Spirit</h4> <ul> <li>Michigan has a vibrant entrepreneurial ecosystem, with numerous resources and support organizations dedicated to helping startups succeed.</li> <li>Entrepreneurial events and conferences, such as the Michigan Entrepreneurship Score Card, provide valuable networking opportunities and access to funding.</li> <li>The state government actively promotes entrepreneurship and offers programs like the Pure Michigan Business Connect initiative, connecting local businesses and fostering economic growth.</li></ul> <h4>3. Skilled Workforce</h4> <ul> <li>Michigan is home to renowned universities and research institutions, providing a talented pool of graduates and skilled workers.</li> <li>The state has a strong manufacturing heritage, resulting in a skilled workforce with expertise in engineering, technology, and innovation.</li> <li>Michigan's labor force participation rate is higher than the national average, indicating a motivated and engaged workforce.</li></ul> <h4>4. Affordable Cost of Living</h4> <ul> <li>Michigan offers a relatively low cost of living compared to other states, making it an affordable place to live and operate a business.</li> <li>The state's housing prices, utilities, and overall expenses are below the national average, allowing entrepreneurs to allocate resources effectively.</li></ul> <h4>5. Access to Markets</h4> <ul> <li>Michigan's strategic location provides convenient access to major markets in the Midwest, the Great Lakes region, and Canada.</li> <li>The state has an extensive transportation infrastructure, including a well-connected network of highways, rail systems, and ports, facilitating the movement of goods and services.</li> <li>Michigan's proximity to the automotive industry and a large consumer base offers unique opportunities for businesses in various sectors.</li></ul> <h4>6. Supportive Business Climate</h4> <ul> <li>Michigan has implemented business-friendly policies, such as tax incentives and grants, to encourage entrepreneurship and investment.</li> <li>The state government actively supports small businesses through initiatives like the Small Business Development Center (SBDC) and the Michigan Economic Development Corporation (MEDC).</li> <li>Michigan's regulatory environment is known for its efficiency and transparency, simplifying processes for startups and fostering a favorable business climate.</li></ul>By harnessing the state's thriving economy, entrepreneurial ecosystem, skilled workforce, affordability, access to markets, and supportive business climate, small businesses in Michigan can embark on an exhilarating journey of growth and success.<br /> <br /> <br /> Here are some <span style="font-weight: bold;">state incentives in numbers that you could consider </span>when starting a business in Michigan:<br /> <br /> <span style="font-weight: bold;">Business Tax Incentives:</span><br /> <br /> Michigan offers various tax incentives, including the Michigan Business Development Program (MBDP), which provides grants, loans, and other forms of assistance to eligible businesses.<br /> The Good Jobs for Michigan program offers tax incentives based on job creation and capital investment, with up to 100% of state income tax withholdings being retained by the business for a specified period.<br /> Talent Enhancement and Training Grants:<br /> <br /> The Going PRO Talent Fund provides <span style="font-weight: bold;">competitive grants to businesses for training, improving the skills of existing employees and ensuring a qualified workforce</span>.<br /> <br /> The <span style="font-weight: bold;">Skilled Trades Training Fund (STTF)</span> offers funding to businesses for training programs that align with in-demand skilled trades occupations.<br /> Property Tax Abatement:<br /> <br /> Michigan's Industrial Facilities Tax (IFT) exemption allows eligible businesses to receive a <span style="font-weight: bold;">reduced property tax rate </span>on qualified facilities or expansions for up to 12 years.<br /> Innovation and Research Grants:<br /> <br /> The<span style="font-weight: bold;"> Michigan Strategic Fund (MSF) offers grants and loans</span> to support innovation, research, and development projects through programs such as the Michigan Business Development Program and the Small Business Innovation Research (SBIR) Matching Funds.<br /> Small Business Loans and Financing:<br /> <br /> The Michigan Economic Development Corporation <span style="font-weight: bold;">(MEDC) provides a range of financing options</span>, including low-interest loans and grants, to support small business growth and expansion.<br /> Export Assistance:<br /> <br /> The State Trade Expansion Program<span style="font-weight: bold;"> (STEP) offers financial assistance to Michigan businesses</span> seeking to expand into international markets through activities like trade missions, export training, and market research.<br /> It's important to note that the availability and specific details of these incentives may vary. <br /> <br /> Here is a simplified list of business registration documents and licenses commonly required in Michigan: <ul> <li>Business Registration (LLC, DBA, Corporation) - Required to establish and legally operate a business.</li> <li>Employer Identification Number (EIN) - for tax purposes.</li> <li>Sales Tax License - Required for businesses selling taxable goods or services.</li> <li>Professional Licenses and Certifications - Vary depending on the profession (e.g., doctors, lawyers, accountants, engineers).</li> <li>Health Department Permits - Required for businesses handling food (e.g., restaurants, catering services).</li> <li>Liquor License - Required for businesses serving or selling alcoholic beverages.</li> <li>Auto Repair License - Required for businesses offering automotive repair services.</li> <li>Pet-Related Licenses - Required for businesses involved in pet breeding, grooming, boarding, or training.</li></ul></span> DBA

A dba "Doing Business As" is just a business name certificate you are legally required to file - i.e, you need to register your Michigan business name and obtain a business name certificate, also called a DBA.   A DBA helps you open a bank account and be legal but it does not protect your personal assets because the business entity is still a sole owner or partnership.  A sole owner and all partners are liable for all civil or financial liability that the business incurs.

WHAT IS A MI CORPORATION OR LLC

A corporation or LLC is a separate and distinct state created legal business entity - separate from its shareholders / owners.  Thus, a shareholder's / owner's assets, such as a home, personal bank account, or automobile, are not at stake if the corporation or LLC is sued and a court judgment is entered against it for civil or financial liability. 

Only the corporate or LLC assets are at stake.  If the corporation has one computer and $1,000 in a corporate bank account, that is all that can be seized.  If you register a dba and you are sued, you are liable for all business liability and creditors can go after your personal assets. Here is an example:

Business Licenses You Need to Legally Start Your Business

In a Nutshell -- Here's what you need to start:

All businesses must obtain:

• 1. A

  DBA

  Articles   On Friday, November 19, 2021 2:04:00 PM there was a question about Business Get DBA Filling Garland Tx  . The Services business category and Yoga teacher type, has   employees and located in Garland Dallas County  , TX 75040 and the business owner wants business credibility in the market as. deas XYZtch , Inc.Co Whatever name a company chooses to do business as, it requires a fictitious business name registration, which also requires a fee to be registered. Registering a fictitious business name does not protect that name nor does it protect the business owner from personal liability related to business actions as setting up a corporation does. It is perhaps a better choice to just incorporate for the same or a little higher fee because you will also have corporate protection for the business name and personal vs business liabilities. Registering a trade name allows you to create stationary and open a business bank account but you are not protected from liability. E.g. if your business has debts the lender can sue you personally to obtain a judgment vs your personal assets as opposed in the case you were a corporation where the lender could only sue the corporation directly and if the corporation had no assets the lender could get nothing.

  Michigan business License and an
  Michigan Assumed Business Name DBA.
  
• 2. All retailers and wholesalers of taxable items must obtain a Sales State Tax ID Number, also called a Michigan resellers, resale or wholesale number ID.
  
• 3. All employers, must get a MI federal tax employer number and a
  MI state employer number ID.
  
• 4. Optionally, to protect your personal assets, such as your home or automobile, from business related lawsuits or creditors, by Michigan forming an LLC
• If you want to protect your personal assets, you might consider incorporating in
  Michigan , or better yet form a
  MI LLC .
  
• MI Form LLC or
  MI Incorporating.