The fee for forming an LLC in Maine is around $175. This includes the state fee for submitting the Certificate of Formation. Additional ongoing costs such as annual report fees and registered agent fees apply.
- State fee for starting an LLC: $175
- Annual report fee: $85
- Registered agent fee: Over $50
Formation services may charge extra starting at $39 plus the state fee.
When you’re ready to start an LLC in Maine:
- Check that your desired business name is unique.
- Appoint a resident agent with a Maine address.
- File the Certificate of Formation, which includes your business name and registered agent information.
What You Need
- Certificate of Formation: Cost is $175, and processing takes about 30 days.
- No minimum capital is required for LLC formation.
- Resident agent: Can be an individual or a business entity.
Benefits
LLC benefits in Maine include:
- Personal asset protection
- Tax benefits
- Management flexibility
Forming your LLC can be done easily online through the Secretary of State’s website. There is no requirement for a separate bank account, but it’s generally recommended. There’s also no state tax requirement for LLCs, but federal taxes may apply depending on your business structure.
Understanding the benefits of an LLC and Maine’s economy will start you on a successful path. Here are the five key steps:
- Choose a unique business name and reserve it if necessary.
- Select a registered agent.
- File organizational paperwork with the Maine Secretary of State.
- Understand the different business entities and choose the right one for your LLC.
- Consider the potential benefits of starting an LLC in Maine and follow the provided guide to get started.