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 (MEDC) 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 to establishment of a basic business plan to complying with federal, state and local tax obligations. Though this guide is not a substitute for legal or financial counsel, it is an information resource and quick reference designed to facilitate and expedite the process of starting a business in Michigan.