Creating a corporation might be a wonderful method to safeguard your personal assets and establish credibility with clients and business partners if you’re wanting to launch a business in Maine. This information will help you get started.
Choose a name for your company as the first step. You must pick a name that is original and not in use before you may establish a corporation in Maine. Using the online company name search tool provided by Maine, you can determine whether your preferred name is available. Once you’ve located an available name, you can submit a Name Reservation Request form and pay a $20 charge to reserve it for up to 120 days.
File Articles of Incorporation in Step 2 You must submit Articles of Incorporation to the Maine Secretary of State in order to formally establish your corporation. The name of your corporation, the names and addresses of its directors and officers, and any other information required by Maine law should all be included in this document. Articles of incorporation require a $145 filing fee.
Step 3: Obtain any required licenses and permits
Depending on the type of business you are running, you might need to apply for extra licenses and permits from the state of Maine. The webpage for Maine Business Answers has more details on license requirements.
Step 4: File your taxes
Maine law requires all businesses to file their taxes with the Maine Revenue Services. The Maine Business Tax Registration form can be used to register either online or by mail.
Obtaining a Copy of Your Maine Articles of Incorporation You can ask the Maine Secretary of State for a copy of your articles of incorporation if you require one. A copy may be requested in person, by mail, or online. A certified copy costs $30, whereas an uncertified copy is only $6. Is a S corporation recognized in Maine? Yes, S companies are recognized in Maine. You must satisfy Maine’s qualifying requirements and submit Form 2553 to the IRS in order to elect S company status. Are Business Registrations Required in Maine?
You must register with the state of Maine if you intend to conduct business there. Creating a corporation or other legal body, acquiring the required licenses and permissions, and filing taxes are all examples of this.
How Much Does It Cost in Maine to Form an LLC? In Maine, there is a $175 filing cost for articles of organization for an LLC. However, there can be extra charges for things like certified copies and name reservations. The website of the Maine Secretary of State has more details on costs and requirements.