Incorporate your business in Maine;
Our Incorporation information is to help you with the small
business startup process. The Maine Incorporation info can
help answer questions like "How do I form an LLC in Maine?"
or "What type of Incorporation entity should I be? An Maine
S-Corporation or an Maine C-Corporation?" or "What are the
requirements for an Maine Corporation?" It's easy to set up
an Maine Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name cannot be any name that is the
same as, or deceptively similar to, the name of any domestic
corporation or qualified foreign corporation without authorization.
The name cannot utilize a reserved name. The name shall not
contain any word or phrase indicating it is organized for any
purpose not permitted by the Act.
Corporation Requirements
Director Information
Minimum Number - less than three, unless there are
only one or two shareholders of record; then the number
of directors may be less than three but not less than
the number of shareholders.
Residence Requirements - No provision.
Age Requirements - None.
Directors are required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares may cause an increase in initial
filing fees.
Corporate Records
A full and complete list of shareholders must be
kept at registered office or principal place of business.
Tax and Fees
Annual Statements
An annual report must be filed with the Secretary
of State by June 1st. The filing fee is $60.
Income Tax Rate
A tax is imposed on Maine net income (MNI) of taxable
corporations, except insurance companies and financial
institutions, equal to 3.5% of MNI not over $25,000;
7.93% of MNI over $25,000 but not over $75,000; 8.33%
of MNI over $75,000 but not over $250,000; and 8.93%
of MNI over $250,000.
S Corporation
S Corporation status is recognized by the State of
Maine. A separate state election from the federal election
is not required.
License Requirements
Maine requires that you obtain a license and pay
a fee if operating certain types of businesses in the
state. The following is a partial list:
Attorneys
Auctioneers
Commercial fishing commercial shellfish and marine
worms
Convalescent homes, and nursing homes
Electricians
Fish cultivation
Fish transportation
Food establishments
Hospitals
Investment advisors
Lobster and crab fishing
Pharmacies
Seafood (wholesale and retail)
Security broker-dealers
Traveler information services
Please check with the state to make sure your business
is complying with the license requirements for your
particular profession.
