- It costs $175 to form an LLC in Maine. This fee is paid for the Certificate of Formation that you file with the Maine Secretary of State. Additional costs include an annual report fee of $85 and a registered agent fee of over $50.
- You can save money on forming your Maine LLC by hiring a company like Northwest or LegalZoom to handle it for you. They charge service fees starting at $39 plus the state fee.
- Before starting your Maine LLC, check that your desired business name is available by searching the state’s database. The name must be unique and include phrases like "Limited Liability Company" or abbreviations like "LLC."
- You must appoint a resident agent in Maine who can receive legal and tax documents for your LLC. They need a physical Maine address and availability during business hours.
- File your organizational paperwork, called the Certificate of Formation, with details like your business name and registered agent. This costs $175 and takes around 30 days to process. Faster processing is available.
- While the state of Maine does not require LLCs to file taxes, you may need to pay federal taxes depending on your business structure. No minimum capital is required to form a Maine LLC.
- Forming an LLC in Maine has advantages like personal asset protection, tax benefits, and management flexibility. The process is easy and inexpensive, completing it online through the Secretary of State.
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