Michigan Payroll Processors
I called Directly to the State of Michigan Office of Financial and Insurance Services to get clarification.
The law states the Transmission of Funds (Money) either electronically or via paper means for a fee. So If I was to open a Payroll Processor Business (for a Fee) in Michigan I would need to get licensed in the State as a Money Transmitter.
Now if Tri-StarMoneyChangers Actually did the transmission of funds at NO COST WITHOUT FEEs they would not have to have a license, though they would have to be a registered business in that state.
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February 8, 2007 @ 7:37 am
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February 8, 2007 @ 9:45 pm
[…] Michigan Payroll Processors […]