Maine is the northernmost state in the Northeastern United States. Maine is the 12th smallest by area, the 9th least populous, and the 13th least densely populated of the 50 U.S. states. It is located in New England, bordered by New Hampshire to the west, the Atlantic Ocean to the southeast, and the Canadian provinces of New Brunswick and Quebec to the northeast and northwest, respectively.
As a small state in the United States, Maine has consistently maintained a steady GDP growth of about 2.1% year-over-year and its key economic sectors are in finance, insurance and real estate. Kentucky’s economy—based on manufacturing, trade, mining, agriculture, and tourism and other services—varies by region. The Bureau of Economic Analysis estimates that Maine’s total gross state product for 2017 was $61.4 billion, representing a 1.4% growth rate over the previous year. Per capita personal income in 2017 was $45,072, ranking 31st nationally.
The increase was 2.2% over 2016 results. GDP CHART 2017The largest industry in Maine was the category of finance, insurance, real estate, rental and leasing, representing almost 21% of the total and accounted for 1.2% of real growth. The second largest segment was government (and related enterprises) representing 14%, and experienced a decline of .06%. The largest contributor to real GDP growth in 2017 was educational services, health care and social assistance, which accounted for .30% of the total growth in real GDP. While declining, Maine is still a leading producer of paper and wood products, which are the most valuable of all manufactures in the state
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | The corporate tax rate in Maine of all business entities is subjected from 3.5% - 8.93% | |
| Company Name | The LLCs’ name must contain the words “Limited Liability Company,” “LLC” or “L.L.C.”
The proposed name cannot be the same or similar to any domestic or foreign-qualified LLCs without authorization. The proposed name cannot utilize a reserved name The proposed name shall not have any word or phrase indicate that it is organized for non-permitted purposes by Maine law | The corporations’ name must contain the words "Corporation," "Incorporated," "Limited," "Company" or an abbreviation thereof The proposed name cannot be the same or similar to any domestic or foreign-qualified corporations without authorization. The proposed name cannot utilize a reserved name. The proposed name shall not have any word or phrase indicate that it is organized for non-permitted purposes by Maine law |
| Board of Directors | Minimum of one manager & member that LLCs must have Maine has no age and residency requirements for managers/members The members’ names and addresses are not required to be listed in the Articles of Organization while the managers’ information is required. | Minimum of one director & shareholder that corporations must have Maine has no age and residency requirements for directors/shareholders The directors & shareholders’ names and addresses are not required to be listed in the Articles of Incorporation. |
| Other requirement | Annual Report: LLCs in Maine are required to file an annual report by June 1. Registered Agent: The physical address and name of the registered agent in Maine must be provided, along with the normal business hours to accept important documents from the government. Employer Identification Number (EIN): An EIN is a must for the banks if the LLCs want to open a business bank account or have employees. In Maine, the state tax identification number is not required. | Annual Report: Corporations in Maine are required to file an annual report by June 1. Stock: In the Articles of Incorporation, corporations must list the authorized shares and par value. Registered Agent: The physical address and name of the registered agent in Kentucky must be provided, along with the normal business hours to accept important documents from the government. Employer Identification Number (EIN): An EIN is a must for the banks if the LLCs want to open a business bank account or have employees. In Maine, the state tax identification number is not required. |
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You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Maine is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
| Limited Liability Company (LLC) | From US$ 599 | |
| Corporation (C- Corp and S-Corp) | From US$ 599 |
| General Information | |
|---|---|
| Type of Business Entity | Limited Liability Company (LLC) |
| Corporate Income Tax | 3.5 – 8.93% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 490 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 490 |
| General Information | |
|---|---|
| Type of Business Entity | Corporation (C-Corp or S-Corp) |
| Corporate Income Tax | 3.5 – 8.93% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 500 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 500 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Maine Registered Agent Service |
| Services and Documents Provided | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a Maine company, the client is required to pay the Government Fee, US$ 490, including
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Maine Registered Agent Service |
| Services and Documents Provided | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a Maine company, the client is required to pay the Government Fee, US$ 500, including
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