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Forming an LLC in Maine
Forming an LLC in Maine is not very difficult, but if you are a busy person, you can always hire an attorney or a specialized incorporation company to do the paper work for you. Letting an attorney check the Operating Agreement is always a good idea, since an improper Operating Agreement can give you problems with the IRS later on.
Forming an LLC in Maine in 5 easy steps
- Select a name for you company. In order to adhere to Maine state law, the name must contain an LLC identifier, e.g. “Limited Liability Company”, “Ltd Liability Co” or “LLC”. The name cannot be the same as a name already occupied by another LLC, and you must of course refrain from violating trademarks. When forming an LLC in Main, you can not use obscene language in your company name, or select a name that inappropriately promotes abusive or unlawful activity. Using a name that inaccurately implies association with public institutions is also prohibited.
- File the Articles of Organization with the Maine State filing office.
- Have an organization meeting with the LLC members and adopt an Operating Agreement for the company.
- Acquire a Federal Employer Identification Number (FEIN) for the LLC and open up a company bank account.
- Apply for as many local business licenses as necessary. Keep in mind that the LLC will need one license for each city (or county) in which it plans to conduct business.
Important facts to take into consideration before forming an LLC in Maine
- When forming an LLC in Maine, the minimum LLC state filing fee is $175.00. (For 15 business days.)
- The annual report must be handed before June 1st. The annual report fee is $85.
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