Shenna Bellows is the current secretary of state for Maine. She took over on January 6, 2021, becoming the position’s 50th occupant. Bellows, a Democrat, won the position in the November 2020 election. Prior to that, she worked for the American Civil Liberties Union (ACLU) for more than ten years and served as a State Senator from 2016 to 2020.
A sole proprietorship is a form of business organization where the owner and the company are viewed as being same. This implies that all facets of the firm, including its obligations and liabilities, fall under the personal responsibility of the owner. Sole proprietorships need less paperwork to begin up and are simple to operate. They don’t provide much security for the owner’s personal assets, though, and might not be appropriate for companies with a significant liability risk. What does DBA mean?
“Doing business as” is referred to as DBA. A business that operates under a name other than the owner’s or entity’s formal business name is referred to by this legal term. For instance, John Smith would need to obtain a DBA in order to legally use the name “John’s Coffee Shop” if he owned the company “Smith Enterprises” but ran it under that name.
In Maine, creating an LLC costs $175. The cost of filing the Articles of Organization—the legal document required to form an LLC in Maine—is covered by the payment of this charge to the Secretary of State of Maine. Depending on the sort of business being founded, there can be additional costs connected with getting business licenses, permits, and other procedures.
The needs and objectives of the business owner will determine whether or not to register an LLC as a corporation. Corporations offer a more formal structure and the option for outside investment, whilst LLCs offer more flexibility in terms of management and taxation. To choose the ideal structure for your firm, it is advised that you speak with a business lawyer or accountant.