You must register a DBA, or “Doing Business As” name, with the state of Maine if you intend to conduct business in that state under a name other than your own. An instruction manual for registering a DBA in Maine is provided below:
2. Submit a DBA registration form to the Secretary of State for Maine. Online or mail-in filing is an option. The enrollment cost is $35.
3. Announce the registration of your DBA in a nearby newspaper. After your DBA registration application has been approved, you have two weeks to complete this. A publication affidavit must be submitted to the Secretary of State as well. You can begin operating under your new name as soon as your DBA registration has been approved and published.
If you intend to offer taxable products or services in Maine, you must register for sales tax in addition to registering your DBA. The Maine Revenue Services website allows you to sign up for a sales tax account there.
In a sole proprietorship, there is no legal separation between the company and the individual owner of the business. This implies that the business’s obligations and liabilities are entirely personally owed by the owner. Small firms in Maine and across the country frequently choose sole proprietorships as their legal structure.
In Maine as of 2021, there were 147,000 small businesses, representing 99.3% of the state’s total number of companies. Small companies play a significant role in the economy of Maine by creating jobs and enhancing local communities.
Last but not least, getting an EIN (Employer Identification Number) for your company is cost-free. You can request an EIN by mail or online through the IRS website. Having workers, conducting business as a partnership or corporation, or deducting taxes on income received to a non-resident alien all need having an EIN.
The decision of a name, submission of a registration form, publication of a notice, and payment of a fee are all required in order to register a DBA in Maine. Additionally, if you want to offer taxable products or services, you must register for sales tax. If your firm satisfies specific criteria, you must also apply for an EIN. The small business sector in Maine is growing, and business owners have access to a wealth of resources to launch and expand successful enterprises.
Yes, businesses must submit quarterly tax payments in Maine. Businesses must submit quarterly anticipated income tax payments to Maine Revenue Services (MRS). April 15th, June 15th, September 15th, and January 15th of the following year are the deadlines for estimated tax payments.
In Maine, forming an LLC costs $175 in filing fees.