This form is a Limited Liability Company Agreement. The parties have agreed to form a limited liability company upon the terms listed in the agreement. However, the form also lists the actions or events which would result in the termination of membership in the limited liability company.
Maine Limited Liability Company LLC Operating Agreement
State:
Multi-State
Control #:
US-00580
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Limited Liability Company LLC Operating Agreement?
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FAQ
How to start an LLC in Maine Name your Maine limited liability company (LLC) Create a business plan. Get a federal employer identification number (EIN) Choose a registered agent in Maine. File for your Maine LLC Certificate of Formation. Obtain business licenses and permits. Understand Maine tax requirements.
If you file your LLC by mail, it will be approved in 10-15 business days (plus mail time). Maine LLCs can't be filed online. Please see How long does it take to get an LLC in Maine to check for any delays.
Maine allows you to act as your own registered agent, but in order to this you'll have to be available at the same physical location every business day of the year. If this doesn't work for you, hiring a registered agent may be a good option.
There is a $175 one-time state filing fee to form a Maine LLC. There are also ongoing fees (like a $85 Annual Report fee), which we discuss below.
In Maine, an Operating Agreement must be entered into before, after, or during the time of filing for an LLC. This agreement can be written, oral, or even implied. In other words, it's a fairly lenient law, but it is still a requirement in Maine.
Single member LLCs are treated the same as sole proprietorships. Profits are reported on Schedule C as part of your individual 1040 tax return. Self-employment taxes on Maine LLC net income must be paid just as you would with any self-employment business.
Register Your Maine LLC It is signed by a person authorized to create the LLC. The cost is $175, and it takes up to 30 business days to process the form. Expedited processing is available for an additional fee.
Operating agreements function as a legal contract between or among members of a multimember LLC, though even single-member LLCs can benefit from one, too. Most LLCs won't need to file or provide proof of an operating agreement?in fact, a business can keep these documents confidential among members if preferred.
