Maine Articles of Domestication are legal documents that are used to form a limited liability company (LLC) in the state of Maine. The articles are filed with the Maine Secretary of State, and they must be signed and dated by all the company's members (owners). The articles must include the name and address of the LLC, the name and address of the registered agent, the type of business the LLC is engaging in, the names of the members, and the effective date of the LLC. There are two types of Maine Articles of Domestication: the Domestic Articles of Organization and the Foreign Registration Statement. The Domestic Articles of Organization are used to form a Maine LLC, while the Foreign Registration Statement is used to register an LLC from another state that wants to do business in Maine.
Maine Articles of Domestication
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How to fill out Maine Articles Of Domestication?
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Online: Go to their website under online services and follow the instructions provided on the interactive corporate services page to search and print a certified copy. A list of all filings for the Maine Corporation is provided. If the document is older it may not be available for online printing.
One major advantage of an S corporation is that it provides owners limited liability protection, regardless of its tax status. Limited liability protection means that the owners' personal assets are shielded from the claims of business creditors?whether the claims arise from contracts or litigation.
To have a California S corporation, you'll need to create either a limited liability company (LLC) or a C corporation (the default form of corporation) if you haven't already done so. Then, you'll file an election form with the Internal Revenue Service (IRS).
The state of Maine charges a $145 filing fee for Articles of Incorporation, with a standard filing time of about 14 days. There is an optional 24-hour expediting process that costs $50, and an immediate expediting process that costs $100.
The biggest difference between S corporations and LLCs is how they are taxed. S corporations are taxed as pass-through entities, meaning that the profits and losses are passed through to the shareholders' personal tax returns, while LLCs can choose to be taxed as either a pass-through entity or a corporation.
How to Start an S-Corp in Maine Choose a name.Choose a ME Registered Agent.Choose Directors or Members/Managers.File ME Articles of Incorporation or Certificate of Formation.File Form 2553 to turn the business into an S Corporation.
LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders. S corporations cannot be owned by corporations, LLCs, partnerships or many trusts.
While Maine law makes it simple to domesticate here, not all other states allow their companies to leave so easily, so the first step is to confirm that your current state of organization allows for ?domestication out.? If yes, then typically you can simply file documents in the other state and in Maine to accomplish