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How much does it cost to maintain an LLC in Maine?

Maine LLC Cost. Maines state fee to start an LLC is $175. Every year you own your Maine LLC, youll also have to pay $85 to file an annual report. Beyond those two unavoidable fees, there are other expenses that could come up, like local business license fees and the cost of hiring a registered agent.

How much does it cost to file a will on Maine?

For filing a will for no probate, the fee is $15. For filing a will to be probated and without an appointment, the fee is $20. [PL 2021, c. 250, 1 (AMD).]

What taxes does an LLC pay in Maine?

Members of an LLC are taxed at the 15.3% federal self-employment tax rate (12.4% for social security and 2.9% for Medicare) and pay a state personal income tax rate between 5.8%-7.15%. For LLCs that have C-corp tax election, theyll have to pay the states corporate income tax rate.

What is the annual fee for an LLC in Maine?

Maine requires LLCs to file an annual report by June 1. The annual report fee is $85. Taxes. For complete details on state taxes for Maine LLCs, visit Business Owners Toolkit or the State of Maine .

What do I need for an LLC in Maine?

Your Maine LLC forms are all available for free on the secretary of states website. Choose a Name for Your LLC in Maine. Choose a Maine Registered Agent. File Your Certificate of Formation. Create an Operating Agreement. Request a Federal EIN. File Maine LLC Annual Reports.

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