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Does An Insurance Agency Have To Register In Michigan

Written By Wednesday, May 11, 2022 Add Comment Edit

Michigan Employment Agency

A businesswoman accepting her new job offer with a handshake

Licensing requirements for Michigan employment, staffing and talent agencies.

This folio provides an overview of employment services licensing in Michigan for individuals and agencies. You will find country requirements, application fees, filing instructions, and more. For assist with licensing, please contact u.s. to learn about our software and managed license services.

Companies that provide employment services in Michigan must apply for a license prior to doing business. Depending on the services offered, businesses may need to apply for more than one license type, and in some cases, an individual license will exist required as well.

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  • Michigan Employment and Business organization Support Services Company Licenses
  • Michigan Individual Employment and Business Support Services Licenses

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Visitor Licenses

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Visitor Licenses

Michigan Employment and Concern Support Services Company Licenses

Companies interim every bit employment agencies in Michigan must obtain the post-obit licenses before offering employment services. Applications usually require proof of incorporation or a document of dominance.

Michigan Employment Agency License

Agency: Michigan Department of Licensing and Regulatory Affairs (LARA) - Bureau of Corporations, Securities & Commercial Licensing - Licensing Division

Initial Registration

This section applies to firms that are applying for a license in Michigan for the first fourth dimension.

Registration Renewal

This section applies to firms that are already licensed in Michigan and need to renew their license.

Michigan Professional Employer Arrangement License

Agency: Michigan Department of Licensing and Regulatory Diplomacy (LARA) - Bureau of Corporations, Securities & Commercial Licensing - Licensing Division
Constabulary:

MCL 338.3727
Financial Requirements:

A minimum of $100,000 in working uppercase, as defined by generally accustomed accounting principles
Bond Requirements:

If the PEO does non meet working capital requirements, they must submit a bail, irrevocable letter of credit, or securities with a minimum market value of $100,000.
Registered Amanuensis (Special Agency) Required? No

Initial Registration

Filing Method:

Online
Agency Fee:

Depends on when you apply: $3,171 from May 1st to Nov 30th, $2,753 from December 1st to February 28th, and $2,335 from March 1st to April 30th.
Required Attachments:
  • Other names under which the PEO conducts business organization
  • The address of each office maintained in Michigan
  • A list by jurisdiction of each name nether which the PEO has operated in the preceding v years, including any alternative names, names of predecessors, and, if known, successor business organization entities
  • A statement of management that includes the name and evidence of the business experience of any private who serves equally president or chief executive officer or otherwise has the authority to act every bit senior executive officer of the PEO
  • A financial statement describing the fiscal status of the PEO prepared in accordance with by and large accustomed accounting principles and audited by an independent certified public accountant
  • A fiscal audit of the applicant. At the time of application for an initial license, the applicant shall submit its near recent audit, which may non be older than 13 months
  • Evidence of one of the following:
    • A minimum of $100,000.00 in working uppercase, equally defined by generally accepted accounting principles; or
    • If the PEO or PEO Group cannot document the required financial statement and inspect information, a minimum $100,000 in working capital, a bond, irrevocable letter of the alphabet of credit, or securities with a value of $100,000 plus any arrears in capital is required

Registration Renewal

Filing Method:

Online
Agency Fee:

$3,171
Due:

Annually past Baronial 31.
Required Attachments:
  • Submit changes to whatever of the information provided on the previous application
  • The most recent financial inspect of the applicant

Michigan Professional Employer Arrangement License - Group

Agency: Michigan Department of Licensing and Regulatory Affairs (LARA) - Agency of Structure Codes - Licensing Segmentation
Law:

MCL 338.3727
Foreign Qualification is Prerequisite: No
Fiscal Requirements:

A minimum of $100,000 in working capital, as defined past by and large accustomed accounting principles
Bail Requirements:

If the PEO does not see working capital requirements, they must submit a bond, irrevocable letter of credit, or securities with a minimum market value of $100,000.
Registered Agent (Special Agency) Required? No

Initial Registration

Filing Method:

Online
Agency Fee:

Depends on when you apply: $three,171 from May 1st to Nov 30th, $2,753 from Dec 1st to February 28th, and $two,335 from March 1st to Apr 30th.
Required Attachments:
  • Other names under which the PEO conducts business
  • Listing of Group Members
  • The accost of each role maintained in Michigan
  • A list by jurisdiction of each name under which the PEO has operated in the preceding five years, including any alternative names, names of predecessors, and, if known, successor business concern entities
  • A statement of management that includes the proper name and evidence of the business organisation experience of whatever individual who serves equally president or chief executive officer or otherwise has the authority to act every bit senior executive officeholder of the PEO
  • A fiscal statement describing the financial status of the PEO prepared in accordance with generally accepted bookkeeping principles and audited by an contained certified public accountant
  • A financial audit of the applicant. At the fourth dimension of application for an initial license, the applicant shall submit its nearly recent inspect, which may non be older than 13 months
  • Evidence of i of the following:
    • A minimum of $100,000.00 in working capital, as defined by more often than not accustomed accounting principles; or
    • If the PEO or PEO Group cannot document the required financial statement and inspect information, a minimum $100,000 in working majuscule, a bond, irrevocable letter of credit, or securities with a value of $100,000 plus any deficit in majuscule is required

Registration Renewal

Filing Method:

Online
Agency Fee:

$3,171
Due:

Annually by August 31.
Required Attachments:
  • Submit changes to any of the information provided on the previous application
  • The most contempo financial audit of the applicant

Michigan Professional Employer System Express License

Agency: Michigan Department of Licensing and Regulatory Affairs (LARA) - Bureau of Construction Codes - Licensing Partitioning
Law:

MCL 338.3729
Foreign Qualification is Prerequisite: No
Notes:

A PEO is eligible for a express license if information technology meets all of the following weather:

  • Is domiciled outside this state and is licensed or otherwise regulated as a PEO in another state.
  • Does not maintain an function in this country or does non directly solicit clients located or domiciled in this country.
  • Does not accept more than 50 covered employees employed or domiciled in this state on any given day.
Registered Agent (Special Agency) Required? No

Initial Registration

Filing Method:

Online
Agency Fee:

Depends on when you lot employ: $3,171 from May 1st to Nov 30th, $2,753 from December 1st to Feb 28th, and $2,335 from March 1st to Apr 30th.
Required Attachments:
  • A re-create of valid license or certificate of regulation from some other state as a PEO

Registration Renewal

Filing Method:

Online
Agency Fee:

$3,171
Due:

Annually past Baronial 31.
Required Attachments:
  • Submit changes to any of the information provided on the previous application

Michigan Talent Agency License

Agency: Michigan Department of Licensing and Regulatory Diplomacy (LARA) - Agency of Corporations, Securities & Commercial Licensing - Licensing Partition
Notes:

Michigan does non have a carve up talent bureau license, but an employment agency license may exist required.

Initial Registration

Registration Renewal

Individual Licenses

Michigan Individual Employment and Business Support Services Licenses

Michigan Personnel Agent License

Agency: Michigan Department of Licensing and Regulatory Diplomacy (LARA) - Bureau of Professional Licensing
Requirement Notes:

  • Applicants must be of good moral character and be at least eighteen years of age.
  • Pass the Personnel Agent examination administered through PSI Services, LLC (PSI).

Initial Registration

Registration Renewal

Filing Method:

Online
Agency Fee:

$40
Due:

Annually by December 31.

Employee Leasing Company - Enter into leasing contracts with other businesses that require labor. The leasing company loans its workers to the lessee while however providing specified responsibilities, such as workers compensation insurance, to the employees. This includes long term (6 months or more) temporary arrangements simply often excludes temporary aid arrangements. Unlike professional employer organizations, employee leasing companies are contracted when an employer needs to hire staff and does not desire to handle man resources responsibilities.

Employment Agency - An entity that, for compensation, procures or attempts to procure employment for a person.

Professional person Employer Organization - PEOs take on the human resources role for businesses and act every bit a co-employer in the sense that the client visitor's workers are administratively employees of the PEO but functionally these employees are controlled by the client company. Unlike employee leasing companies, PEOs are contracted when an employer already has staff and does not want to handle human resource responsibilities.

Staffing Agency - An entity that procures temporary or part-time employment for a person who then works under the supervision of a worksite employer.

Talent Bureau - An entity that, for compensation, procures or attempts to procure employment or placement for an creative person. (Certain art forms are excluded)

American Staffing Clan
Staffing, recruiting, and workforce solution industry advancement group.

National Association of Personnel Services (NAPS)
Education and training oriented association for personnel services providers.

National Association of Professional Employer Organizations (NAPEO)
Provides advocacy efforts, information, and other services to members of the employment manufacture.

Does An Insurance Agency Have To Register In Michigan,

Source: https://www.harborcompliance.com/information/michigan-employment-agency-peo-talent-license

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