Veteran Owned Business benefits by Verspoor Waalkes Grand Rapids business attorneyVeterans are returning to civilian life and are ready to contribute to their communities in many substantial ways, including starting businesses and nonprofits. Veterans could, however, be missing out on many different ways to save some money as they start their own entities.

In fact, veteran owned entities in Michigan are entitled to a waiver of many of the fees required for filing various documents for your corporations and limited liability companies. This includes your annual filing fee!

The provisions regarding for-profit corporations waive a list of fees if a majority of the shares of the corporation are owned by honorably discharged veterans. (See the list of fees and waiver here.).  For nonprofit corporations, the statute provides for a waiver of a list […]