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Maine.gov: Business: Starting a Business For example, if you open a restaurant or similar food-related business you will most likely need a health permit, sales tax permit, facilities permit, and others. Do I need a business license? Maine Corporations Division Your email address will not be published. Whenever 2 or more persons become associated as partners or otherwise for the purpose of engaging in any mercantile enterprise, they shall, before commencing business, deposit in the office of the clerk of the city or town in which the same is to be carried on a certificate signed and sworn to by them, setting forth their names and places of residence, the nature of the business in which they intend to engage and giving the name under which they are to transact business. Quality of life: Maine offers a high quality of life, with a beautiful natural environment, affordable housing, and low crime rates. Professional Licensing: Some services, such as electricians, door-to-door home repair sellers, and landscape architects, require licensing in Maine. This can be advantageous for businesses looking to recruit skilled employees. Electing to launch a new business is both exciting and daunting. Step 4 Request an Employer Identification Number (EIN). Local Production & Manufacturing BusinessesMaines infrastructure makes it an ideal place for production and manufacturing businesses. Contact us weekdays between the hours of 8:00 a.m. and 5:00 p.m. eastern time. In Maine, you need to register your LLC with the Secretary of State. Manage Settings Choose your DBA name. Most have the form on their website, while others are available at the Clerks office. The licenses and permits required for a Maine business are determined by a number of factors including your location and chosen specialty. However, you can employ the following tactics to safeguard against using another business name. Both LLCs and corporations require unique names in Maine that must follow certain naming requirements: Recommended: LearnHow to Start an LLC in Maine or, if you need a more rigorous operating structure, learn How to Start a Corporation in Maine. (, Small businesses in Maine employ 293,748 employees, which is 56.3 percent of the total employees in the state, which is well above the national average. Maine Franchise Law and FDD Registration You will, however, need specific permits for specific businesses. To use this free guide, simply choose your state from the dropdown menu, and you will be redirected to a list of everything you will need to consider when launching a business in the state of Maine. A registered agent may be (1) an individual who resides in Maine, or (2) a business entity authorized to do . The State of Maine does not vet or endorse any specific resource but we are confident you will find supports that match your needs. This is an individual or business entity that agrees to accept legal papers on the LLC's behalf if it is sued. Finally, if you go to the Maine Secretary of State website and discover that someone else has registered the name you would like, you can search for variations of that name by adding a word before it or after it, or using some other variations until you find a name that is available and acceptable for you. Effect of foreign corporation carrying on activities in State without authority. Recommended: Learn How to Trademark Your Business Name using our free guide. Like LLCs, corporations must appoint a registered agent to accept paperwork in case of legal disputes, compliance documents, and government correspondence on the organizations behalf. To qualify for an SBA loan guarantee, you will need a strong credit score, a well-developed business plan, and the ability to demonstrate your ability to repay the loan. To operate your business in Maine you must comply with federal, state, and local government regulations. When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. Milt Champion, executive director of the Gambling Control Unit, was placed on . What legal form of business should I choose? Also, the owner is taxed on a personal level for all profits generated by the business. 1413. Startup ecosystem: Maine has a growing startup ecosystem, with organizations such as the Maine Technology Institute, Maine Center for Entrepreneurs, and Startup Maine providing resources, networking opportunities, and support for new businesses. The online application process only takes about 5 minutes to file the EIN online, and the number will be ready in seconds. Our business name generator is an excellent, industry-specific brainstorming tool that will not only assist you in coming up with the perfect name but will also automatically check domain name availability as well. Rather than assume that your business idea is going to work, its important to research the industry and local market to ensure it is viable and sustainable. Department of Economic & Community Development, (Get help determining the business licenses and permits you'll need to start your business), (Find the a specific business license or permit by keyword, category or agency. The application must be accompanied by a certificate of existence or a record of similar import signed by the Secretary of State or other official having custody of the limited partnership's publicly filed records in the state or other jurisdiction under whose law the foreign limited partnership is organized. File a DBA name for any business structure. In addition to this personal protection, LLCs enjoy several other benefits, including: If you lack the time and/or knowledge needed to form your new LLC, there are a number of reputable LLC filing services that will help you launch your business. These document filing companies usually offer a free registered agent service for one year with most of their packages which is often a necessity for new businesses and those being registered by foreigners with no U.S. address. Forgot your password? 1 & 2 below). AUGUSTA, Maine (AP) Maine's top gambling regulator has been placed on paid administrative leave following tweets posted from his personal account about women and a white nationalist group, spokesperson for the state's Department of Public Safety said Tuesday. The best course of action is to contact an insurance agent, or several agents, for a consultation regarding the appropriate types of insurance for you and your business. No registration with Maine Secretary of State is necessary, but it is recommended to register a Trade Name, and if you plan to hire . 2. The filing fee is $125. Get business advice delivered straight to your inbox! From seafood processing plants to woodworking shops, there are many opportunities for entrepreneurs looking to create something from scratch. If you become a C-corporation, the corporate profits are taxed, and then the owners will be taxed on their share of the profits and compensation (i.e. Maine Corporations Division Effect of foreign corporation carrying on activities in State without authority, FORM MNPCA-12 Application For Authority To Carry on Activities, 1413. Copyright 2015 The certificate of existence must have been made not more than 90 days prior to the delivery of this application for filing. If you decide to incorporate or become a limited partnership or a limited liability company, you will need to register your entity with the Bureau of Corporations at the Office of the Secretary of State. - Title 31 Chapter 1 Section 1. A limited partnership may use the term "limited partnership" as part of its name, a limited liability company may use the term "limited liability company" as part of its name and a limited liability partnership may use the term "limited liability partnership" as part of its name. If you decide to incorporate or become a limited partnership or a limited liability company, you will need to register that entity with the Bureau of Corporations at the office of the Secretary of State. Consequences of transacting business without authority, FORM MBCA-12 Application For Authority To Do Business, . How to Register a Business Name in Maine To register a business name in Maine, you'll need to register your business with the state. Common types of business licenses required for businesses are listed below. Consequences of transacting business without authority, FORM MBCA-12 Application For Authority To Do Business $250.00. Authorization of foreign corporations to carry on activities in this State Certain activities not deemed carrying on affairs Hire an attorney or accountant to file and register your new company - there are higher fees associated with this. Frequently Asked Questions for New Business Owners - Maine SBDC For-profit entities have the option to choose either a C-corporation or Subchapter S-corporation status. For additional information on completing the forms or understanding the requirements, please feel free to call your local Maine Small Business Development Centersand seek advice from a tax accountant. What Business Licenses & Permits are Needed in Maine? The support for entrepreneurs covers everything from crafting business plans to navigating the states tax codes. Additionally, StartingYourBusiness.com may earn a small commission from products or services mentioned on this site. Maine law does not require a small business owner to have a general license to operate. ZenBusiness- Common questions when starting a business in Maine. The Maine Secretary of the State's website keeps records of Maine business entities that exist or have dissolved. You will also need to register for state income tax withholding and for unemployment contributions by filing the Application for Tax Registration at Maine Revenue Services website via their online registration service or contact them at 207-624-5644. You can also access the relevant forms you will need to complete. Effect of failure to qualify. Do I need a registered agent or can I be my own? The owners share, and pay personal taxes on, the profits of the business. Here is a quick rundown of the various options and what they might mean to you: Step 3 Make sure your name is not being used by another company. All rights reserved. Depending upon the scope of your business, you may also need to register for state and local taxes such as withholding tax. Another funding option for small businesses is to seek investment from angel investors, venture capitalists, or private equity firms. construction companies may need building permits. The following filing information applies to foreign business corporations, non-profits corporations, limited partnerships, limited liability companies and limited liability partnerships. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. If you organize your business as a sole proprietorship (a business owned and operated by an individual) or a general partnership, you do not need to register your business entity with the state. MRSA, TITLE 13-B: MAINE NONPROFIT CORPORATION ACT Microloans are small, short-term loans designed to help entrepreneurs and small businesses obtain funding to start or grow their businesses. One of the first steps to take when starting a Maine business is to perform a Maine Business Search. Appointing a Registered Agent3. Pay a document filing company that can register everything online for you - there is a modest fee for this but it saves a lot of time and ensures it is done correctly. For more information on becoming an employer, hiring employees or to obtain labor posters, contact the Maine Department of Labor at 207-623-7900. Home Bureau of Corporations, Elections & Commissions Corporations Marks & Trade Names > Trade Name Protection. Weve also compiled a list of our top five business license services that can help you get set up and ensure your business meets all compliance requirements. Beyond this, what other forms of insurance obtained depends on what risks are incurred in operating your business, and what kind of supplementary coverage you want to employ to provide additional security for your business. This ensures you are 100% compliant with the law and they handle everything with the IRS. A DBA name is the only way for sole proprietorships and general partnerships to have a different business name. With a properly completed business plan, you will have identified your funding needs. File for formal business structures like LLCs and corporations. ), (This may include, departments, bureaus, offices, divisions, authorities, etc. Terms | Privacy | About Us | Community Rules. Classification: Business Opportunity State Registration Fee: $0 Renewal Fee: $0 Registration expiration: n/a. Even if you arent required to register your business, note that registering an LLC comes with an abundance of legal and financial benefits. There isnt a general business license required by the state, however, there are potentially several different licenses and permits a business will need to obtain before starting. The application must be accompanied by a certificate of existence or a document of similar import duly authenticated by the secretary of state or other official having custody of corporate records in the state or country under whose law it is . Maine is a unique and beautiful state with a rich culture and history, making it an ideal place to start a small business. Copyright 2015 Youll also want to check to make sure that your name isnt too similar to that of any other business in your state. 6. Step 3: File Registration of Maine Foreign LLC . Depending on the type of business you are operating, you may need to obtain certain licenses and permits from the state or local government in order to legally operate your business. This form of business allows the partners to share complimentary skills and resources. Check the telephone listings of surrounding communities; your local library should have the various regional directories. While the best type of business to start is heavily influenced by the interest and talents of the business owner, looking at popular ideas can help identify which direction to go. Step 4: Obtain Your Federal Employer Identification Number.

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