What is the state filing fee to form an LLC in Maine?

The one-time state filing fee to form an LLC in Maine is $175.

Are there any annual fees for a Maine LLC?

Yes, LLCs in Maine are required to file an annual report with a fee of $85.

How long does it take to get an LLC approved in Maine?

The official processing time for an LLC in Maine typically ranges from 3 business days.

Can I form an anonymous LLC in Maine?

No, you cannot form an anonymous LLC in Maine.

What are the main advantages of forming an LLC in Maine?

The main advantages of forming an LLC in Maine include giving your business credibility in the eyes of customers, protecting your personal assets in the event of a lawsuit or bankruptcy, and offering flexibility in the way the business is taxed and managed.

Maine LLC: Key Data, Fees & Features

Your complete overview of $Maine LLC costs, pros & cons, and key regulations. Make an informed decision with our up-to-date data.

State Filing Fee

$175

Processing Time

3-3 days

Annual Report Fee

$85

Anonymous LLC

Publication

Advantages

Gives your business credibility in the eyes of customers
Protects your personal assets in the event of a lawsuit or bankruptcy
Offers flexibility in the way the business is taxed and managed

Disadvantages

High Costs
State Taxes Apply
No Privacy Protections

Franchise Tax & State Requirements

Due June 1st each year.

LLCs are taxed as pass-through entities by default, meaning the LLC profits and losses pass through the business and are distributed to the members as income. Maine has a graduated individual income tax, ranging from 5.8% to 7.15%. Maine businesses that regularly sell goods and services need to file sales tax returns at a rate of 5.5%. If any members of your LLC aren’t residents of Maine, you’ll need to withhold a percentage of the members’ Maine-sourced income (8.93% if the member is a C-corporation, 7.15% if not).