Form a Maine Corporation – Form a corporation in Maine – Form a Maine S corp

Sun Corporate Filings can help you form a Maine corporation with the Maine Secretary of State on an expedited basis. To form a corporation in Maine or form a Maine subchapter S corporation, you must file the Maine Articles of Incorporation with the Maine Secretary of State. Sun can incorporate your Maine S corporation or register your C corporation in Maine so you can spend your time focusing on your Maine corporation's success.

We can form a Maine general stock corporation or a Maine Subchapter (Maine S Corp.) corporation for you at a low cost. Let us make the Maine incorporation process quick and painless for you by preparing and filing the Maine Articles of Incorporation with the Maine Secretary of State on your behalf. Questions? 888 595-2747

To form a Maine corporation online, click here to see the costs and time turnaround options for Maine corporations.

How do I form a Maine Corporation?

There is no need to ask, "How do I form a Maine Corporation?" because we know how to incorporate in Maine form start to finish. First, we check corporate name availability with the Maine Secretary of State. Second, we prepare the Maine Articles of Incorporation. Third, before we form the Maine corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the Maine Secretary of State. Fifth, when the Maine Secretary of State files the Maine Articles of Incorporation, we will return the filed document to you. We make forming a corporation in Maine simple and fast!

What are the advantages of forming a Maine Corporation?

There are many advantages of forming a Maine corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the Maine corporation form purchasing stock. Since the Maine corporation is an independent legal entity, the Maine corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a Maine corporation, the owners (shareholders) are not personally liable for the debts and obligations of the Maine corporation. Ownership in a Maine corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the Maine corporation itself. Another advantage of forming a Maine corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Maine Corporation?

After we form a Maine corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Maine corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your Maine corporation. If you purchase our Maine premium package, EIN obtainment is included for your Maine corporation.

How do I form a Maine S Corporation?

If you want to form a Maine S corporation or Maine sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your Maine S corporation starts as a general stock corporation (C corporation). To obtain or to form a Maine S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a Maine S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about Maine C corporations below. By obtaining S corporation status in Maine, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the Maine S corporation's shareholders include their share of the Maine Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in Maine?

Generally most people form Maine C corporations that plan on publicly trading the corporation's stock. Since Maine S corporations cannot have more than 75 shareholders, choosing to maintain a Maine C corporation allows for 76 shareholders or more. A Maine C corporation can have multiple classes of stock such as preferred and common shares. A Maine C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find Maine S corporations desirable. However, a Maine S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a Maine corporation online, click here to see the costs and time turnaround options for Maine corporations.

How do I obtain or prepare corporate bylaws for my Maine Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your Maine corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your Maine corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my Maine corporation?

The corporate bylaws serve as a blueprint for your Maine corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most Maine bylaws contain the number of directors and their names. Maine bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of Maine corporation bylaws is to create "rules" on how the Maine corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most Maine bylaws will reference a list of shareholders in alphabetical order that includes Maine shareholder's names, addresses, titles held with the Maine corporation, and the amount of shares the shareholder owns in the Maine corporation.

What is a Maine corporate seal?

After the Maine corporation prepares its bylaws or has Sun prepare the bylaws, the Maine corporation will need a corporate seal. What is a Maine corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the Maine corporation was formed. Many banks and other lending institutes require Maine corporations to possess and use a corporation seal on business documents or loan papers. All Maine corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a Maine corporation kit?

The Maine corporate kit is typically a hardbound binder that contains all of the Maine corporation's important documents such as the Maine Articles of Incorporation and bylaws. All the Maine corporation kits that Sun sells include having the Maine corporation's name hot stamped (professional imprint of the Maine corporation's name) on the spine. Most Maine corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a Maine corporate kit is stock certificates. All of the Maine corporate kits that Sun sells contain 20 custom stock certificates that include the Maine corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your Maine corporation, you can order a Maine corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Maine corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the Maine bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your Maine corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Maine corporation.

To form a Maine corporation online, click here to see the costs and time turnaround options for Maine corporations.

We wish you the best with your Maine corporation business venture! Questions? 888 595-2747