Michigan's (MI) MG laws were recently changed....end of December 2005 (?).
Our Attorney General now allows ownership with other than the required Class III Dealer License or C&R License as was in the past.
We can now own as individuals as they do in other states where allowed and only the required BATF Registrations/Form 4 or Form 5 are considered our Federal "License" to own now.
I have not read into our abilities into making SBR (Form 1).....but maybe (?)
As for just the question at hand:
I would say no unless you have a manufacturers License for Class III....and then you would only be making "Post '86 Dealer-Samples" ..........unless we overturn the MG Ban of May 1986....then that answer would change.