Starting a Maine LLC
A Maine Limited Liability Company (LLC) is a legal structure used to protect your personal assets (home, car, bank account) in the event your business is sued.
An LLC can be used to operate a business, or an LLC can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
File your Maine Certificate of Formation with the Maine Secretary of State and wait for your LLC to be approved.
You can only file your LLC by mail (there is no online filing yet). The state filing fee is $175 and the approval time is 5-10 business days (unless you pay $50 or $100 extra for expedited processing).
Note: Filing times may take longer due to the current global situation and government delays. Please see how long does it take to get an LLC in Maine.
After your Maine LLC is approved, complete your Maine LLC Operating Agreement and get your Maine EIN Number (aka EIN) from the IRS. Next, you must check whether your LLC needs a Maine Business License or other permits to operate.
In order to keep your Maine LLC in compliance, you need to file a Maine LLC Annual Report each year (due by June 1st). The filing fee is $85. And every year your small business must file any required Maine LLC Taxes. We recommend hiring an accountant for help.