Maine LLC Annual Report
LLCs formed in Maine need to file this report with the Maine Secretary of State each and every year. i.e., annually. Read about how to file this report.
File report online
Visit the official state government’s website to submit annual report online.
Visit Maine official website
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Limited liability
Personal assets are protected for people with limited liability when they are sued.
Corporation
A business entity that can issue shares and give limited liability to shareholders.
Members
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Sole proprietorship
Where an individual engages in business activity without formal organization.
Why file the report?
Maine LLC Annual Report
Annual Report is used to keep your LLC in compliance and in good standing with the Maine Secretary of State.
Filed every year
All LLCs formed in Maine must file this report every year.
LLC Officials Information
Annual Report is mainly used to update the business information such as business purpose, names and addresses of LLC officials i.e., members, managers, directors, or officers.
File online or via mail
Annual report can only be filed either online or by mail.
Maine actions
Here are some of the actions business owners can take in Maine:
How to file Annual Report in Maine?
Follow these steps:
1. Visit official website
Every Maine LLC is required to file an Annual Report each year. Every year between January 1 and June 1 is the due date for your Maine LLC annual report. The earliest you may file is January 1.
Due
annually by June 1
The Annual Report must be postmarked, complete and compliant, before June 1st to avoid late fees.
LLC Annual Report
Every LLC has to file this report in Maine to stay compliant with the state laws.
Filing Annual Report
Maine LLC is expected to file this report annually by June 1
File it online on Maine Secretary of State website
Visit
Mail a form to Maine Secretary of State website
PDF
Address
Secretary of State
Division of Corporations, UCC and Commissions
101 State House Station
Augusta, ME 04333-0101
Online fee
$85
Online processing time
instant
Mailing fee
$85
Mail processing time
20-25 days
Failure to pay
There is a fine of $50 for late filings. In addition, Maine can dissolve LLCs within 60 days for failure to file an annual report.
Certificate of Formation
In Maine, Certificate of Formation is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Certificate of Formation
Here's how you file it
Mail a form to the state department
PDF
Mailing fee
$175
Mail processing time
5 - 10 days
Entity name
Every LLC should have a unique name in Maine. Maine maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the Maine corporate name search tool to see if the name you want is available.
Searching fee
Free
Reservation
You can reserve a name for your LLC for a specific duration by paying reservation fees to the Maine bureau of corporations, elections and commissions. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
Reservation fee
$40
Reservation period
120 days
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
31 MRSA §1508
Visit
Here are some of the guidelines in simple language:
- 1
Must contain the words "limited liability company" or "limited company" or the abbreviation "L.L.C.," "LLC," "L.C." or "LC". The word "limited" may be abbreviated as "Ltd.," and "company" may be abbreviated as "Co.".
- 2
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
- 3
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
- 4
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC Annual Report in Maine
It is very important to maintain full compliance in Maine. Filing these reports helps you protect your personal assets by maintaining limited liability and also to be in good standing with the state. Read our guides to learn how to start and manage a business in Maine.
Maine LLC
Maine Business search