Filing a Maine LLC
Those filing a business for the first time will want to look into the Maine LLC structure. Not only is it easy to form this company, but doing so could provide significant protection from liability. For new business owners, this is incredibly advantageous.
Steps To Filing a Maine LLC
Choose A Name
When selecting a name for your Maine LLC, there are a few things you’ll want to consider. First is the fact that the name you choose must be unique to your business. Meaning, it cannot already be in use by another entity. To prevent this from happening, you should use the DoMyLLC Name Availability Check Page. Additionally, according to Maine law, you’ll need to include an indicator in your name. Consider adding something like “LLC” or “Limited Liability Company.”
Choose A Registered Agent
Once you’ve found the proper name for your Maine LLC, you’ll then need to secure a registered agent. Registered agents play an integral part in a new business’ success, as they accept legal correspondence on behalf of the company. Finding a registered agent is not something that new business owners should take lightly. Look into hiring a professional company like DoMyLLC, who can provide quality registered agent services.
File Certificate Of Formation & Pay Filing Fees
Once prospective Maine LLC owners have secured a name and registered agent, they can move forward filing the Certificate of Formation with the Division of Corporations, UCC, and Commissions in the State Department. You should be prepared to pay a $175 filing fee to do so. The Certificate of Formation will include vital information such as:
- The name of the LLC
- Filing, or effective, date
- Whether the company wishes to exist as a low-profit LLC
- Whether the company wishes to exist as a professional LLC
- Information about the registered agent
- Signatures of those tasked with completing the form
File Initial Report
Maine LLC owners will not have to file an Initial Report. However, they should pay careful attention to Annual Reporting deadlines.
Create An Operating Agreement And Hold Meetings
Business owners in Maine will also want to draft an operating agreement. This agreement will define the structure of the business and how it will go about conducting business. Once in place, the company can begin holding meetings.
Obtain Employer Identification Number
Companies will also want to secure an Employer Identification Number from the IRS. This number is needed whenever a business files taxes or seeks to open a bank account.
File State Required Annual Reports
Each year, Maine LLCs are responsible for filing an Annual Report with the State Department. This document is due by June 1 each year. There is a filing fee of $85 to do so. If the owner does not file on time, they will be assessed a late penalty of $50. Maine LLC owners can learn more about their annual report filing here.
Ongoing Maintenance
The Annual Report is not the only yearly requirement for Maine LLCs. Owners must also file taxes each year and secure any licenses or permits that are needed to conduct business.
How DoMyLLC Can Assist With Streamlining The Process
No matter if you are just now exploring the option of filing as a Maine LLC or have been in business for years and need help with ongoing maintenance requirements, DoMyLLC is here to help. We offer services such as:
- Name availability check
- Certificate of Formation preparation
- Filing of the Certificate of Formation with the State Department
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
Working with us will afford you the opportunity to grow your business. Contact us today to learn more about how we can help!