Starting A Business In Michigan

Starting a business can be a complex and difficult process. It takes persistence and diligence, and investments of time and capital. Knowledge about state regulations, support programs for businesses and other opportunities can certainly aid and accelerate the process of getting a business started.

A key activity of the Michigan Economic Development Corporation, and of state government in general, is to help businesses open and grow. This guide is designed to ease a person's entry into the business world, outlining as clearly as possible many of the issues and questions facing prospective entrepreneurs.

Information included in this guide is both general and Michigan-specific; from outlining the different forms of business organization and establishment of a basic business plan to complying with federal, state and local tax obligations and obtaining necessary licenses and permits. Though this guide is not a substitute for legal counsel, it is an information source and quick reference designed to facilitate and expedite the process of starting a business in Michigan.

Even though this information was current at the time of publication, it is subject to change due to revisions in law and administrative policies. However, there are a variety of sources available for starting a business in Michigan: the state's Small Business Development Centers and the Service Corps of Retired Executives program are good starting points.

Further, a wealth of information, assistance and counseling is available from local economic development organizations, trade associations, local chambers of commerce, schools, community colleges, universities and public libraries. To overlook such an abundance of resources could be both foolish and, ultimately, costly.