Business Law in Michigan

Michigan LLC formation costs only $50 (among the cheapest nationally) with a $25 annual statement fee. Attorney fees range $1,000-$2,500 for formation. Michigan has a 6% corporate income tax and imposes no personal income tax on LLC pass-through income beyond the individual rate of 4.25%. The state's automotive and manufacturing heritage has evolved into advanced manufacturing, autonomous vehicles, and mobility technology. Detroit's startup renaissance has created demand for venture capital and technology lawyers. Michigan offers various incentive programs through the Michigan Economic Development Corporation. The state's non-compete law follows common law reasonableness standards with recent case law trending toward enforceability.