Why Do You Need Maine Reinstatement For Your LLC Or Corporation?
Having a bad standing status can lead to penalties or even administrative dissolution. Maine reinstatement is the process that will return a company to good standing so that it can continue doing business within a state legally.
What Is Needed To File For Reinstatement?
The reinstatement process varies depending on state laws. In Maine, an administratively dissolved company needs to submit formal paperwork and pay the necessary filing fees.
The first thing you need to do is to file an Application for Reinstatement with the Bureau of Corporations, Elections, and Commissions of the Secretary of State. You can get a copy by contacting their office. Additionally, you will need to submit delinquent annual reports and pay the fees your company owes. Make sure the form has original signatures.
You will also have to attach a Filer Contact Cover Letter. You can get a copy online. The Secretary of State accepts filings by mail or in person.
If you want expedited service, check the appropriate box on the Filer Contact Cover Letter. It comes with an additional fee. If you opt for mailed filing, make sure you write the words “Expedited Service” on the lower right-hand corner of the envelope. Send the documents to the following address:
Secretary of State
Division of Corporations, UCC and Commissions
101 State House Station
Augusta, Maine 04333-0101
Phone: 207-624-7752
Fax: 207-287-5874
Walk-ins can also request expedited service at the Corporations Division counter from 9 AM to 4 PM on business days.
How Much Will It Cost To Reinstate?
LLC – The filing fee for reinstating an administratively dissolved LLC in Maine is $85. You also need to pay $150 as a penalty for every annual report you did not file. The limit for the penalty is $600. If you choose 24-hour processing, you need to pay another $50. Immediate processing costs an additional $100.
Corporation – An administratively dissolved corporation in Maine has to pay $85 to be reinstated. You also need to settle past-due annual report fees. Each costs $150. The maximum penalty fee is $600. The 24-hour service requires an additional $50, while immediate processing is worth $100.
How Long Will This Process Take?
LLC – The Secretary of State normally takes 5-10 business days to finish an LLC reinstatement filing. But you can opt for either 24-hour or immediate processing.
Corporation – The normal processing of corporate Maine reinstatement documents takes around 5-10 business days. There are expedited service options for this too.
What Is Required On The Forms?
LLC – Prepare the following information:
- LLC Name
- New Name, If Original Is Unavailable
- Formation Date
- Dissolution Date
- Name And Address Of The Registered Agent
- Name And Address Of The Authorized Representative
Corporation – You may need to disclose the following information:
- Corporation Name
- New Name, If Original Is Already In Use
- Incorporation Date
- Dissolution Date
- Name And Address Of The Registered Agent
- Name And Address Of The Authorized Representative
What Cannot Be Changed On The Forms?
The necessary forms will depend on the reason why the state administratively dissolved your company. You will only find out what pieces of information you can and cannot change after contacting the Secretary of State.
What If My Company’s Name Is In Use When I Need To Reinstate?
The state will protect the name of an administratively dissolved company for three years. After that, another business entity can take it.
If your company name is unavailable when you file for a Maine reinstatement because another business entity is already using it, you will have to use a different one.
How Can DoMyLLC Assist With Streamlining?
Getting your company out of bad standing with the state requires you to complete the Maine reinstatement process. The necessary paperwork will depend on the cause of dissolution.
If you think you need help in accomplishing the steps and preparing the documents, contact a reputable company like DoMyLLC. Our team of experts is ready to assist you and offer personalized solutions as well as live support.
Maine Reinstatement FAQS
It depends on your situation. Clarify the cause of the administrative dissolution with the office of the Secretary of State. They will tell you if it is possible to change your registered agent on the reinstatement form.
The state allows you to miss six annual reports. If you exceed that number, you will no longer be able to reinstate.
Administratively dissolved companies in Maine have up to six years to reinstate. Beyond that, you will have to start over as a new business entity.
Maine Business Resources
Maine Office of Secretary of State
Phone Number:
(207) 624-7736
Address:
Maine State Department
101 State House Station
Augusta, ME 04333