In Maine, the cost of forming an LLC (limited liability corporation) is $175. When submitting the LLC’s Certificate of Formation, this fee is paid to the Maine Secretary of State.
How Much Does a Maine LLC Cost?
Fee for forming a Maine LLC: $175
The major expense of forming an LLC is the $175 charge to submit your LLC’s Certificate of Formation with the Maine Secretary of State, either by mail or in person.
Fee for Maine Annual Report: $85
LLCs in Maine are required to submit an annual report with the Secretary of State.
You may submit this form to the Maine Secretary of State online. It’s due on June 1st. Failure to file on time in Maine carries a $50 penalty.
Fee for Registered Agent
You may be your own registered agent in Maine, but employing a registered agent service keeps your firm in compliance, informs you of critical filing dates, and helps you avoid late fines.
How Much Does it Cost to Form a Foreign LLC in Maine?
If you currently have an LLC established in another state and want to expand into Maine, you must register your LLC as a foreign LLC in Maine.
A Maine foreign LLC registration costs $250. A foreign LLC may be registered in Maine by submitting a Statement of Foreign Qualification to Conduct Activities (Form MLLC-12).
Permits and Licenses for Businesses
Depending on your industry and geographic area, your company may need federal, state, and municipal permits/licenses to operate lawfully in Maine. This is true regardless of whether you create an LLC or another sort of company structure.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
LLC Name Reservation: File Form MLLC-1 and pay the $20 filing fee to reserve your name for up to 12 months prior to the creation of your LLC.
DBA (Doing Business As) Name:
To establish an assumed name other than your official LLC company name, file a Statement of Intention to Transact Business Under an Assumed or Fictitious Name (Form MLLC-5) and pay a $125 filing fee.
Certified Document Copies: Order certified copies of your Maine business paperwork from the Secretary of State for $5.
Certificate of Existence: Also known as a Maine certificate of good standing, this document may be obtained by contacting the Secretary of State and paying the $30 cost. Banks and financial institutions often demand a proof of existence.
