LLC Cost in Maine

Woman smiling and drinking coffee after forming an LLC.

Maine LLCs are relatively inexpensive — especially when you consider that an LLC can protect your personal assets and help grow your business. That’s why forming an LLC is the best choice for most small businesses. 

The cost to form an LLC in Maine is $175. This covers the primary cost of officially registering your LLC with the state.

Read our LLC Cost in Maine guide below to learn more about LLC costs and other fees associated with all Maine businesses.

Save Time with a Professional Service:

You can form an LLC yourself and save a little money or use a professional service and save a lot of time. 

Four point six out of five stars. Northwest ($39 plus state fees)

How Much Is an LLC in Maine?

Maine LLC Filing Fee: $175

To form an LLC in Maine, you'll need to file the Certificate of Formation (Form MLLC-6) with the Secretary of State. The Maine Secretary of State charges a $175 fee to process and record this document by mail.

You can complete this process yourself with our How to Start an LLC guide or use an LLC formation service.

Registered Agent Fee

Every Maine LLC must appoint a registered agent. Your Maine registered agent must be a resident of Maine and must be available to receive service of process during normal business hours at a designated street address.

You can be your own registered agent in Maine, or you can use a registered agent service for a minimal cost.

Recommended: Get free registered agent services for one year when you form an LLC with Northwest.

Maine Annual Report Fee: $85

Maine requires LLCs to file an annual report with the Secretary of State each year. The annual report is due by June 1, or a penalty of $50 is charged. You can submit this form online through the Maine Secretary of State

Cost to Form a Foreign LLC in Maine: $250

LLCs registered in another state that want to expand into the state of Maine must register as a foreign LLC in Maine.

The cost for registering a Maine foreign LLC is $250. You can register a foreign LLC in Maine by filing a Statement of Foreign Qualification to Conduct Activities (Form MLLC-12).

Business Licenses and Permits

Your business might need federal, state, and local permits/licenses to legally operate in Maine, depending on your industry and geographical location. This is true whether you form an LLC or any other type of business structure.

Learn more about state and local licensing in our Maine business license guide.

Other Maine Business Filing Fees

There are fees associated with other, optional business filings in Maine.

‘Doing Business As’ (DBA) Name

When an LLC is registered with the state, the LLC’s name is also officially registered. Some business owners choose to also file for a DBA name, known as an assumed (domestic) or fictitious (foreign) name in Maine. 

You can file a Statement of Intention (Form MLLC-5) with the Maine Secretary of State and pay either the $125 filing fee (for domestic LLCs) or the $40 filing fee (for foreign LLCs) to create a name other than your legal LLC business name.

Learn more in our Maine DBA guide.

Certified Document Copies 

You can get certified copies of your Maine business documents by ordering through the Secretary of State and paying $5.

Certificate of Existence 

Obtain a Maine certificate of good standing by ordering through the Secretary of State and paying the $30 fee. 

A certificate of status is often required by banks and lenders.

Recommended: Learn more about LLC formation services in our Best LLC Services review.

How to Start an LLC in Maine

Forming an LLC yourself is easy; just follow the five steps below.

Five Basic Steps to Start an LLC in Maine

Step 1: Name Your Maine LLC

Step 2: Choose a Registered Agent

Step 3: File Certificate of Formation

Step 4: Create an Operating Agreement

Step 5: Get an EIN 

Step 1: Name Your Maine LLC

When you name your Maine LLC, you’ll need to choose a name that:

  1. Is available for use in the state of Maine
  2. Meets Maine naming requirements
  3. Is available as a web domain

Check web domain (URL) availability with GoDaddy:

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Not sure what to name your business? Check out our free LLC name generator.

Step 2: Choose a Registered Agent

Maine LLCs are required to appoint a registered agent to receive service of process. Business owners can hire a registered agent service or appoint any Maine resident that is 18 years or older and is available during normal business hours at a specified address to receive service of process.

Recommended: Northwest offers one full year of registered agent services with their $39 (plus state fees) LLC formation package.

Step 3: File Maine Certificate of Formation

To form an LLC in Maine, you must file a Certificate of Formation with the Secretary of State. This can be done by filing Form MLLC-6 by mail.

For a closer look at the filing process, check out our Maine Certificate of Formation guide.

Step 4: Create an LLC Operating Agreement

Operating agreements in Maine are not required for Maine LLCs, but it’s a good practice to have one.

An operating agreement outlines the ownership and operating procedures of an LLC, ensuring that all members are on the same page and reducing the risk of conflict down the line.

Learn more in our Maine LLC Operating Agreement guide.

Step 5: Get an EIN

An Employer Identification Number (EIN) is a nine-digit number issued by the IRS to identify businesses for tax purposes. Think of an EIN as a Social Security number for your LLC.

To learn how to get an EIN for free, visit our How to Get an EIN Number guide.

LLC Cost in Maine FAQ

What is the cheapest way to start an LLC in Maine?

The cheapest way to start an LLC in Maine is to handle the registration process individually. In order to do this, you will need to follow these steps:

  1. Name your LLC
  2. Choose a registered agent: This can be a registered agent service or an individual.
  3. File the Maine Articles of Organization: The filing fee for this is $175 and can be done by mail.
  4. Create an LLC operating agreement: This is usually not a legal requirement, but it is highly recommended.
  5. Get an EIN: This is basically your business’s Social Security number (SSN).

How much does an LLC cost per year in Maine?

Maine requires LLCs to file an annual report each year for $85.

For a more in-depth analysis, see our How Much Does an LLC Cost? article. 

How much does an LLC license cost in Maine?

An LLC is not a business license, but a business entity. Forming an LLC in Maine costs $175. Annual report fees are $85.

You may be required to pay additional fees if you choose to pay for a  registered agent service, an LLC formation service, or an LLC attorney.

See our How to Start an LLC in Maine for more information on registering your business as an LLC.

Do LLCs pay taxes in Maine?

Yes, LLCs are a “pass-through” tax entity. This means that the LLCs profits are “passed through” directly to its owner(s), who then pay income taxes independently. 

This is advantageous compared to a corporation’s tax structure because it means that LLC members are not taxed twice. 

Having said that, readers should keep in mind that LLCs are very flexible when it comes to how they can be taxed, and — depending on the specifics — they can choose to be taxed as a pass-through entity, a C corp, or an S corp. 

For more information, see our How Is an LLC Taxed guide. 

What are the tax benefits of an LLC?

The tax benefits of an LLC will depend on how you choose to be taxed, as well as on whether you are operating as a single or multi-member LLC. 

Generally speaking, LLCs can choose to be taxed in several different ways, including:

  • As a sole proprietorship or general partnership
  • As a C corporation
  • As an S corporation

See our Single-Member LLC Taxes guide for a detailed overview of the tax benefits of having an LLC as a small business. 

Do I need to open a business bank account for my LLC?

Even though you do not necessarily “need” to open a bank account for your LLC, this is generally highly recommended for several reasons. 

For one, having a separate bank account can allow you to maintain your LLC’s corporate veil — meaning that you will not risk losing your limited personal liability under the law. A business bank account also offers financial benefits, including the ability to build business credit more quickly and access to larger business loans. 

Interested in opening a business bank account? See our review of the best banks for startups in 2022.