Michigan Sole Proprietor Exclusion Form
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People also ask ft 337 wc
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Does an LLC need workers' comp insurance in Michigan?
Corporations, limited liability companies and partnerships must either have a workers' compensation policy or a Notice of Exclusion Form, WC-337, on file with this office. The owner(s) are considered an employee(s) of the business.
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What is the penalty for not having workers' comp insurance in Michigan?
In addition, employers without workers' comp can be fined $1,000, be faced with jail time ranging anywhere from 30 days to six months, and even be subject to legal action from the injured employer. To learn more about workers' comp coverage requirements in other states, click here.
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What is a BWC 337 form in Michigan?
WC-337 (12/15) Notice of Exclusion provided by the Michigan Department of Labor Workers' Compensation Agency, is used to exclude certain individuals from insurance coverage as permitted by statute. To. find out whether you qualify for this exclusion and obtain a copy of the form, contact the Compliance & Employer.
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Does a sole proprietor need workers' comp in Michigan?
Sole proprietors only require a workers' compensation policy when they have 1 full time or 3 part-time employees. The owner of a sole proprietor is not considered an employee of the business.
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Do sole proprietors need a business license in Michigan?
Unlike several other forms of businesses, a Michigan sole trader entity is not required to register with the state. However, there are several state requirements including annual compliances that such a business would have to fulfill to operate and enjoy a good standing with the state.
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Who is required to have workers' compensation insurance in Michigan?
You'll need workers' comp if you have three or more employees, or one employee working more than 35 hours per week for 13 weeks or longer.
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Who is exempt from workman's comp in Michigan?
Agricultural employers, unless they have three or more employees working more than 35 hours a week for 13 weeks. Domestic workers, like housekeepers. Partners and officers of a partnership and corporation. Sole proprietors who are considered self-employed.
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Do I need workers' comp for 1099 employees in Michigan?
In Michigan, 1099 employees need workers' comp insurance coverage if they are considered an employee. Michigan law is specific about who is considered an employee for purposes of workers' comp. Services are considered “employment” when a person meets the requirements of IRS Revenue Ruling 87-41.
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