Incorporate in Maine


Corporate Name Endings

* The name cannot use any name the same as or deceptively similar to the name of any domestic corporation or qualified foreign corporation without authorization. The name cannot use a reserved name. The name shall not contain any word or phrase which indicates it is organized for any purpose not permitted by the Act.

  Articles of Incorporation Requirements
Director Information
  • Minimum Number - Three or more. If only one or two shareholders, the number of directors can be less than three but not less than the number of shareholders.
  • Residence Requirements. - No provision.
  • Age Requirements - None.
  • Directors are required to be listed in the articles of incorporation.
Officer Information
  • The officers are not required to be listed in the articles of incorporation.
Stock Information
  • An increase in the shares may cause an increase in the initial filing fee.

  Yearly Requirements
Annual Statements
  • File annually, on a staggered basis as determined by Secretary of State, for preceding 12-month period a $60 fee must accompany report.
Income Tax Rate
  • A tax is imposed on Maine net income (MNI) of taxable corporations, except insurance companies and financial institutions, equal to 3.5% of MNI not over $25,000; 7.93% of MNI over $25,000 but not over $75,000; 8.33% of MNI over $75,000 but not over $250,000; 8.93% of MNI over $250,000.

For more information on taxes, visit www.janus.state.me.us/revenue

Features:

Shareholders have limited liability protection

May be listed and traded as a public corporation on the stock market or "over the counter"

Has a separate and independent tax status from its owners
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Features:

Profits are not subject to
"double taxation"

Corporate losses may be "passed through" to share holders

Shareholders are afforded the same protection as C Corp.

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Features:

Contains characteristics of both corporation and partnership

Shareholders may take advantage of "Pass-Through" Taxation

Limited liability for share
holders

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Features:

Eligible for tax-exempt status


Limited Liability protection



Qualify for public and private gains

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