Before filing a Maine LLC, choose a business name that meets the requirements specified by the state. First, your Maine LLC name should contain any of these words: ‘Limited Liability Company’ or ‘Limited Company’. Its corresponding abbreviations can also be used including any of the following: ‘L.L.C.’, ‘LLC’ or ‘L.C.’, ‘LC’.
Now that you have a possible business name, the next step is to verify its availability and to double check if there is no existing business registered with the state that uses your business name already. You can do this through the state’s business name search tool.
If the name is still available, you can reserve it using an Application for Reservation of Name form. The form is filed through mail and $20 should be included to pay for the filing.
As a requirement when starting an LLC in Maine, you also need to retain the services of a Registered Agent. This Registered Agent can be an individual who is a certified resident of the state; or a business entity that is listed to legally operate within the state.
The Registered Agent also has to provide a physical street address in Maine to qualify for the position.
That said, you can hire a Registered Agent service and pay up to $160/year,or get a Maine Registered Agent free of charge when you incorporate your LLC with IncFile.
To legally register an LLC in Maine, you need to file the LLC Certificate of Formation. Your Maine LLC filing should include the name and address of your LLC as well as the name and address of your Registered Agent. This should be then mailed to the Secretary of State of Maine.
Filing Fee for the LLC: $100 to be paid to the Secretary of State
A Maine EIN should be obtained as soon as you start your LLC. An EIN serves as the unique identifier to your LLC, and you use this number for basically almost all transactions in your business.
You can obtain a free EIN immediately through the IRS website.
While starting and running a Maine LLC, keeping your business and personal finances separate is critical. Do this by opening a separate checking account for your business.
Although there are many options available, here are the top 3. You can also use your local bank, just be sure that all transactions are kept separate.
If you have followed the five steps outlined above, you are now done with forming your LLC. A few more recommended and required steps, and you will be fully operational as a Maine LLC. While some of the steps here may only be recommended, note that they are there for a purpose, and can benefit your business.
Compared to any other document of your Maine LLC, the business plan will bring your business to greater clarity. As a startup, this is then your responsibility – to write a business plan that effectively maps out a path for business progress. You can get started on that business plan with the resources below.
As a responsible entrepreneur incorporating an LLC in Maine, taking care of your obligations in terms of Maine LLC tax and business license requirements is important to a less stressful business operations in the long run. Complete the business tax requirements for your Maine LLC using our Maine Business Taxes guide.
In the same way as your business taxes are important, starting an LLC in Maine also requires that you get the necessary Maine business licenses and permits that apply to your business.
Overlooking Maine business license requirements could also land you in trouble, so make it your business to fulfill these obligations by referring to our Maine Business Licenses and Regulations guide.
The foremost purpose of your LLC Operating Agreement is to safeguard the limited liability status of your business. More than this though, the Operating Agreement offers a standard set of rules in terms of financial and managerial rights and responsibilities within the organization.
The policies outlined in the Operating Agreement also bypass that of default state laws. To get started, Rocket Lawyer’s Operating Agreement is fully customizable and can also be signed online.
The next step when starting a Maine LLC is to build a solid website. Without going into too much detail, the easiest way to do so is to start a website through WordPress.
WordPress is a free, easy to use, and customizable platform that you can get started with immediately. Learn how to build your business website through this helpful guide.
As this guide is only created for informational purposes and is not legal advice, we advise you to talk to a business lawyer if you’re looking to know more about starting an LLC in Maine.