Limited liability companies, often simply referred to as "LLCs," are a popular business structure for many small businesses. While there are a variety reasons for this, it's primarily because LLC's provide liability protection and pass-through taxation for the business owner(s), and because of how relatively easy they can be to set up and manage.
For example, in order to start an LLC in Maine, you'll need to file a certificate of organization with the Bureau of Corporations, Elections, and Commissions (part of the Maine's Department of Secretary of State). The certificate of organization must include:
In addition to filing the certificate of organization, there must also be a limited liability company agreement in place. This agreement generally establishes the relationship between the members and the relationship between the members and LLC.
You can find all of the necessary forms for starting an LLC in Maine on your own in FindLaw's Maine LLC Formation Package.
Forming an LLC in Maine at a Glance
In the following table, you'll find a basic overview of how to form a Maine LLC as well as helpful links to applicable statutes. Remember that it's important to always read the actual statutes for yourself and consult an attorney if you have specific questions.
|Statute(s)||Maine Revised Statutes, Title 31, Chapter 21, Section 1501, et seq. (Maine Limited Liability Company Act)|
|Step-by-Step Process of Forming an LLC||
In order to form an LLC in Maine, you'll need to take the following steps:
*If the LLC is low-profit, then it must include low-profit limited liability company, L3C, or l3c.
|State Agency in Charge of LLC Formation||
The Maine Secretary of State is the government agency in charge of business organizations in the state.
Maine Revised Statutes:
Note: State laws are always subject to change through the passage of new legislation, rulings in the higher courts (including federal decisions), ballot initiatives, and other means. While we strive to provide the most current information available, please consult an attorney or conduct your own legal research to verify the state law(s) you are researching.
Forming an LLC in Maine: Related Resources
If you'd like additional information and resources related to this topic, you can visit the links listed below.
Have Specific Questions About Maine LLCs? Talk to a Lawyer
If you have questions, or would simply like the guidance of an experienced legal professional, you should contact a local business organizations attorney who will know all the applicable laws and procedures for forming an LLC in Maine, and how you can start your business off on the right foot.
Contact a qualified attorney.