First, set up an appointment with a licensed, qualified attorney and accountant. They can tell you how to protect your investment and maximize your profit.

Find out whether or not your new business venture requires a state license. You can do a keyword search at http://ref.michigan.org/medc/services/license/ or get a list of all required licenses at http://ref.michigan.org/medc/services/license/ .

Next, contact your city, county or township clerk to see if your locality has its own licensure requirements.

If you must register, the next step is to choose the best structure for your business. Your business structure will affect taxes, finances, ownership and legal liability. Before making your final selection, consider whether or not you need employees, how your options will affect your taxes, and how vulnerable you are to legal liability. Visit the U.S. Small Business Administration web site for an introduction to basic and special structures.

For more help or to proceed with license application, contact the Michigan Timely Application and Permit Service (MiTAPS). MiTAPS can check on regulations in your area and manage the application process.