How to Set Up an LLC in Michigan

How to Set Up an LLC in Michigan

We’ve put together a free step-by-step guide on how to set up an LLC in Michigan. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has instructions and links to the sites for you to fill out the forms in the correct order. So, let’s set up your Michigan LLC right now!

A few points to remember before setting up your LLC in Michigan

A Unique Business Name 

Every business in the state must be unique. You’ll need to search for a Michigan LLC name. Go to LARA: Search for Business Entity to make sure yours is not taken. 

An LLC Designator 

You must have an LLC designator in your name in one of the following formats. 

  • LLC (most common) 
  • L.L.C. 
  • Limited Liability Company

Now that you have your unique business name, it’s time to register it with the state of Michigan. Let’s get down to business. 

A Registered Agent 

In most states, a registered agent is a person or a company that accepts “Service of Process” for your Michigan LLC. A registered agent will receive any subpoenas, notices, and other legal, and tax documents sent to your business by the Michigan Department of Treasury – Taxes. 

If you’re opening a business in Michigan but you aren’t a resident, you’ll need to get a registered agent in that state.  The requirements for a registered agent are as follows: 

An Individual: 

  • Must be 18 and be a resident of the state 
  • Must be authorized to do business in the state. 
  • Must have a physical street address located in Michigan 

A Company:

  • Must be authorized to do business in the state 

If you meet the above criteria, you can be your own registered agent. Or you can set up a friend or family member to be your registered agent. 

You can also hire a commercial Registered Agent. A company that provides their name and address to receive legal documents from the state. 

Hot Tip

The nice part of using a company is that their address is used instead of yours. As the business address will be public knowledge. By using a registered agent, you can protect and secure your own address.

Step 1: Register Your Business Name 

To Set up an LLC in Michigan you need to reserve your business name.  This way during the process no one can steal the name of your company. 

You’ll need to reserve your name at the LARA: Application for Reservation of Name – LLC. Or download the Name Reservation Form and apply for it by mail. The fee for reservation of your business name is $25. 

You can also file for a Certificate of Assumed Name by mail in the Michigan Department of Licensing and Regulatory Affairs to do business in Michigan even without a legal entity name. The filing fee is $25 and the registration is good for 5 years. 

Step 2: File Your Articles of Organization in Michigan

Setting up an LLC in Michigan is easy, especially for single-member LLCs. Just go to LARA: Corporations Online Filing System. Or directly to Articles of Organization for filing online. 

You can just directly file the Articles of Organization even without a reservation.  Easy peasy. 

If you don’t want to file online, you can download and fill out the Articles of Organization form. It takes 10 to 15 business days to get an approval back. 

Fees: In Michigan, the cost of setting up your LLC and filing the Articles of Organization is $50 both online and by mail.

Step 3: Complete Your Michigan LLC Operating Agreement

An operating agreement is a key document used by LLCs and partnerships. It outlines the business’ financial and functional decisions including rules, regulations, and provisions. This describes how your LLC will operate internally. For more information on operating agreements, you can check out the Small Business Administration’s article on basic operating agreements. 

Hot Tip

You are not required to file an Operating Agreement with your state. But it may be vital to have it, especially if there are multiple members of your LLC.

Step 4: Get Your Federal Tax ID Number (EIN) 

Once your Michigan LLC has been approved it’s time to get your Federal Tax ID Number from the IRS.   

Your EIN is the social security number of your business.  Keep it well protected.  You’ll use this number to open bank accounts, file tax documents, apply for loans, and many other uses.  It also protects your social security number when doing business with other businesses like merchant accounts, 1099s received, etc. 

To apply for your EIN you can go to IRS EIN/Tax ID Application.  Make sure you pick the correct Business Entity Type.

Quick Note

You can only file online if you have a Social Security Number (SSN) or Taxpayer ID (ITIN).  Otherwise, you’ll have to mail in the forms and wait for the response. If you don’t have an SSN, on Form SS-4, where it asks for your SSN, ITIN, or EIN (line 7b), write “Foreign”. Your EIN application will then be approved without the need for having an SSN.

Step 5: File and Pay Your LLC Annual Statement

Your Michigan LLC is required to file and pay an annual statement. To file online go to Corporations Division: Online Filing. You will get approval within 1-2 hours. 

If you want to file by mail, use the pre-printed form (BCS/CD-2700) of the annual statement sent by the state to your registered agent. You will get approval within 3-5 business days after you send it by mail. 

The filing fee for your LLC annual statement is $25. The due date is the 15th of February. 

Taxes, Permits, and Licensing in Michigan

To do business in Michigan you will need to file tax returns, and hold permits and licenses in your county or city. 

Michigan LLC must apply for necessary business licenses and or permits.  This depends a lot on the type of business and the location of your business. 

Aside from business licenses and permits, all LLCs must also pay appropriate taxes and meet obligations with the Michigan Department of Treasury – Taxes. 

Never miss a deadline

Not sure which forms to file with the IRS and your State after you set up your new business? 

Sign Up to Simply Tax Compliant.  File the right forms and the right time to avoid penalties and interest.

Putting it All Together

Now that you can set up an LLC in Michigan online it shouldn’t take more than a day or two to get up and running.  The Michigan Department of Licensing and Regulatory Affairs’ website is very easy to navigate and following the five steps above will help you get your talents and ideas to market faster. 

How to Set Up an LLC in North Carolina

How to Set Up an LLC in North Carolina

We’ve put together a free step-by-step guide on how to set up an LLC in North Carolina. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step...

How to Set Up an LLC in New Mexico

How to Set Up an LLC in New Mexico

We’ve put together a free step-by-step guide on how to set up an LLC in New Mexico. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...

How to Set Up an LLC in New Jersey

How to Set Up an LLC in New Jersey

We’ve put together a free step-by-step guide on how to set up an LLC in New Jersey. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...

How to Set Up an LLC in Minnesota

How to Set Up an LLC in Minnesota

We’ve put together a free step-by-step guide on how to set up an LLC in Minnesota. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has instructions and links to the sites for you to fill out the forms in the correct order. So, let’s set up your Minnesota LLC right now!

A few points to remember before setting up your LLC in Minnesota

When you set up an LLC in Minnesota you’ll need a few things before you get started.  This section will help you get your checklist in order.

A Unique Business Name 

Every business in the state must be unique. You’ll need to search for a Minnesota LLC name. Go to Business & Liens: Search Business Filings to make sure yours is not taken.

An LLC Designator 

You must have an LLC designator in your name in one of the following formats. 

  • LLC (most common) 
  • Limited Liability Company 

Now that you have your unique business name, it’s time to register it with the state of Minnesota. Let’s get down to business.

A Registered Agent 

In most states, a registered agent is a person or a company that accepts “Service of Process” for your Minnesota LLC. A registered agent will receive any subpoenas, notices, and other legal, and tax documents sent to your business by the Minnesota Department of Revenue. 

If you’re opening a business in Minnesota but you aren’t a resident, you’ll need to get a registered agent in that state.  The requirements for a registered agent are as follows: 

An Individual: 

  • Must be 18 and be a resident of the state 
  • Must be authorized to do business in the state. 
  • Must have a physical street address located in Minnesota 

A Company 

  • Must be authorized to do business in the state 

If you meet the above criteria, you can be your own registered agent. Or you can set up a friend or family member to be your registered agent. 

You can also hire a commercial Registered Agent. A company that provides their name and address to receive legal documents from the state. 

Hot Tip

The nice part of using a company is that their address is used instead of yours. As the business address will be public knowledge. By using a registered agent, you can protect and secure your own address. 

Step 1: Register Your Business Name 

To Set up an LLC in Minnesota you need to reserve your business name.  This way during the process no one can steal the name of your company. 

You’ll need to reserve your name at the Business & Liens: Create Online Account. Or download the Name Reservation Form and apply for it by mail. The fee for reservation of your business name is $55 for online filings and $50 for mail filings. 

You can also file for a Certificate of Assumed Name by mail or online to the Minnesota Secretary of State to do business in Minnesota even without a legal entity name. The filing fee is $50 online and $30 by mail.

Step 2: File Your Articles of Organization in Minnesota 

Setting up an LLC in Minnesota is easy, especially for single-member LLCs. Just go and sign up to Business & Liens: Create Online Account. Online filing will give you immediate approval. 

You can just directly file the Articles of Organization even without a reservation.  Easy peasy. 

If you don’t want to file online, you can download and fill out the Articles of Organization form. It takes 4 to 7 business days to get an approval back. 

Fees: In Minnesota, the cost of setting up your LLC and filing the Articles of Organization is $155 online and $135 by mail.

Step 3: Complete Your Minnesota LLC Operating Agreement 

An operating agreement is a key document used by LLCs and partnerships. It outlines the business’ financial and functional decisions including rules, regulations, and provisions. This describes how your LLC will operate internally. For more information on operating agreements, you can check out the Small Business Administration’s article on basic operating agreements.

Hot Tip

You are not required to file an Operating Agreement with your state. But it may be vital to have it, especially if there are multiple members of your LLC.

Step 4: Get Your Federal Tax ID Number (EIN) 

 

Once your Minnesota LLC has been approved it’s time to get your Federal Tax ID Number from the IRS.   

Your EIN is the social security number of your business.  Keep it well protected.  You’ll use this number to open bank accounts, file tax documents, apply for loans, and many other uses.  It also protects your social security number when doing business with other businesses like merchant accounts, 1099s received, etc. 

To apply for your EIN you can go to IRS EIN/Tax ID Application.  Make sure you pick the correct Business Entity Type.

Quick Note

You can only file online if you have a Social Security Number (SSN) or Taxpayer ID (ITIN).  Otherwise, you’ll have to mail in the forms and wait for the response. If you don’t have an SSN, on Form SS-4, where it asks for your SSN, ITIN, or EIN (line 7b), write “Foreign”. Your EIN application will then be approved without the need for having an SSN.

Step 5: File Your LLC Annual Renewal 

Your Minnesota LLC is required to file an annual renewal with the Minnesota Secretary of State. To file online go to Business & Liens: Create Online Account. You will get an approval immediately. 

If you want to file by mail, download and fill out the Annual Renewal Form. You will get approval within 4 to 7 business days after you send it by mail. 

There is no ($0) filing fee if your LLC is in good standing. But failure to file will dissolve your business and you need to pay for the reinstatement. You will spend $25 for mail and $45 for online filings.

Hot Tip

File your annual renewal before the 31st of December each year to avoid your business shutting down.

Taxes, Permits, and Licensing in Minnesota

To do business in Minnesota you will need to file tax returns, and hold permits and licenses in your county or city. 

Minnesota LLC must apply for necessary business licenses and or permits.  This depends a lot on the type of business and the location of your business. 

Aside from business licenses and permits, all LLCs must also pay appropriate taxes and meet obligations with the Minnesota Department of Revenue. 

Never miss a deadline

Not sure which forms to file with the IRS and your State after you set up your new business? 

Sign Up to Simply Tax Compliant.  File the right forms and the right time to avoid penalties and interest.

Putting it All Together

Now that you can set up an LLC in Minnesota online it shouldn’t take more than an hour or two to get up and running.  The Minnesota Secretary of State’s website is very easy to navigate and following the five steps above will help you get your talents and ideas to market faster.

How to Set Up an LLC in North Carolina

How to Set Up an LLC in North Carolina

We’ve put together a free step-by-step guide on how to set up an LLC in North Carolina. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step...

How to Set Up an LLC in New Mexico

How to Set Up an LLC in New Mexico

We’ve put together a free step-by-step guide on how to set up an LLC in New Mexico. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...

How to Set Up an LLC in New Jersey

How to Set Up an LLC in New Jersey

We’ve put together a free step-by-step guide on how to set up an LLC in New Jersey. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...

What is a Registered Agent?

What is a Registered Agent?

You probably came across the reference to a Registered Agent while filling out the paperwork for your Limited Liability Company (LLC).  Now you’re wondering what is a Registered Agent? What is a registered office and what should I do now?   

Well, here at Simply Tax Compliant we’re trying to build a place where new business owners like you…get the answers to those questions. 

Let’s get down to the nitty gritty the legal definition… 

In United Statesbusiness law, aregistered agent (also known as a resident agent,¹ statutory agent,² or agent for service of process³) is a business or individual designated to receive service of process(SOP) when a business entity is a party in alegal action such as a lawsuit or summons. 

Wow, what a mouthful.  What it really boils down to is a person who can receive legal documents for your business.  See now wasn’t that easy. 

Basically, you, as a business owner, need to designate a person within your company to receive documents on your behalf.  Now when most people start their business they designate themselves.  That’s not always the case. 

What do you need to be a Registered Agent? 

In most states, the requirements for being a registered agent are pretty simple 

You MUST have a street address located in the state where the LLC is formed.  For example, if you have your LLC in Texas you can’t use a street address in Alabama. 

Your registered agent should be available at the address during normal business hours to receive any documents on behalf of your LLC.  Now, this doesn’t mean you are tied to your office.  But it’s nice to have a person who can receive documents on your behalf.  This is more important if you have more than one location.  You know like a headquarters. 

Your registered office can be an office or even a virtual address, it can be your home address or a friend or relative you just need to make sure that they can act as a service of process. 

A service of process is the place where you designate someone to accept legal documents on your behalf.  Don’t get mired down but the minutia. But they have to be able to accept things like complaints, summons, or subpoenas. 

Who Can be Your LLC’s Registered Agent? 

You have three options for designating your LLC’s Registered Agent. 

Option 1:  Most commonly you can act as your own LLC’s registered agent.  It is free which makes it the best option when you are on a low budget. 

Option 2:  You can use a family or relative with their name and address designated.  A great option if you have family members who you trust to take care of these matters for you. 

Option 3:  You can hire a commercial Registered Agent, generally for a fee.  Make sure you research the service beforehand as some will act as a virtual mailing address and some will not.   

How to Choose which option to use for a Registered Agent. 

Options  Criteria Notes
Use Option 1  Do you have a street address in the state where you are forming the LLC? 
Use Option 2 Do you have a family member or friend who you trust to receive legal papers? 
Use Option 3  If you are forming a second location in another state (aka a Foreign LLC) Then Option 3 is the best way to go.  If you don’t want to use your home address then a Registered Agent is the way to go. 

Definition of a Commercial Registered Agent 

A Commercial Registered Agent is a company that specializes in receiving Service of Process on behalf of businesses nationwide. They typically charge between $100-300 per year. 

Once hired, they will receive Service of Process on behalf of your LLC and then forward it to you by mail at any address you’d like. Most will also fax or email your documents if preferred. 

Putting it All Together

Now that you understand that you need to designate a registered agent you can pick which option will work best for your company.  Just remember that all 50 states have slightly different criteria so make sure you look up the rules for registered agents in your state. 

How to Set Up an LLC in Maryland

How to Set Up an LLC in Maryland

We’ve put together a free step-by-step guide on how to set up an LLC in Maryland. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has instructions and links to the sites for you to fill out the forms in the correct order. So, let’s set up your Maryland LLC right now! 

A few points to remember before setting up your LLC in Maryland 

When you set up an LLC in Maryland you’ll need a few things before you get started.  This section will help you get your checklist in order.

A Unique Business Name 

Every business in the state must be unique. You’ll need to search for a Maryland LLC name. Go to Maryland Business Express to make sure yours is not taken. 

An LLC Designator 

You must have an LLC designator in your name in one of the following formats. 

  • LLC (most common) 
  • L.L.C. 
  • LC 
  • L.C. 
  • Limited Liability Company  

Now that you have your unique business name, it’s time to register it with the state of Maryland. Let’s get down to business. 

A Registered Agent 

In most states, a registered agent is a person or a company that accepts “Service of Process” for your Maryland LLC. A registered agent will receive any subpoenas, notices, and other legal, and tax documents sent to your business by the Comptroller of Maryland. 

If you’re opening a business in Maryland but you aren’t a resident, you’ll need to get a registered agent in that state.  The requirements for a registered agent are as follows: 

An Individual: 

  • Must be 18 and be a resident of the state 
  • Must be authorized to do business in the state. 
  • Must have a physical street address located in Connecticut  

 A Company 

  • Must be authorized to do business in the state 

If you meet the above criteria, you can be your own registered agent. Or you can set up a friend or family member to be your registered agent. 

You can also hire a commercial Registered Agent. A company that provides their name and address to receive legal documents from the state. 

Hot Tip

The nice part of using a company is that their address is used instead of yours. As the business address will be public knowledge. By using a registered agent, you can protect and secure your own address.  

Step 1: Register Your Business Name 

To set up an LLC in Maryland you need to reserve your business name.  This way during the process no one can steal the name of your company. 

There is no online reservation so you’ll need to apply by mail. Get this name reservation form and/or go to the Maryland Business Express: Select a Business Name to download and fill it out. Send it to the Maryland Department of Assessment and Taxation. 

Don’t forget to include a check of $25 as your filing fee to reserve the name. 

Step 2: File Your Articles of Organization in Maryland 

Setting up an LLC in Maryland is easy, especially for single-member LLCs. Just go directly to Maryland Business Express: Registration and Filings.   

You can just directly file the Articles of Organization even without a reservation.  Easy peasy. 

If you don’t want to file online, you can download and fill out the Articles of Organization.  

Fees: In Maryland, the cost of setting up your LLC and filing the Articles of Organization is $150.00 online and $100 by mail.  

Processing time: It takes 7 business days for filing online while 4 to 6 weeks for filing by mail. Or pay an additional $50 for expedited.

Hot Tip

You can do walk-in processing with a filing fee of $100, and approval on the same day. You just need to come at the earliest time possible.

Step 3: Complete Your Maryland LLC Operating Agreement 

 

An operating agreement is a key document used by LLCs and partnerships. It outlines the business’ financial and functional decisions including rules, regulations, and provisions. This describes how your LLC will operate internally. For more information on operating agreements, you can check out the Small Business Administration’s article on basic operating agreements. 

Hot Tip

You are not required to file an Operating Agreement with your state. But it may be vital to have it, especially if there are multiple members of your LLC.   

Step 4: Get Your Federal Tax ID Number (EIN) 

 

Once your LLC has been approved it’s time to get your Federal Tax ID Number from the IRS.   

Your EIN is the social security number of your business.  Keep it well protected.  You’ll use this number to open bank accounts, file tax documents, apply for loans, and many other uses.  It also protects your social security number when doing business with other businesses like merchant accounts, 1099s received, etc. 

To apply for your EIN you can go to IRS EIN/Tax ID Application.  Make sure you pick the correct Business Entity Type.   

Just a Note

You can only file online if you have a Social Security Number (SSN) or Taxpayer ID (ITIN).  Otherwise, you’ll have to mail in the forms and wait for the response. If you don’t have an SSN, on Form SS-4, where it asks for your SSN, ITIN, or EIN (line 7b), write “Foreign”. Your EIN application will then be approved without the need for having an SSN. 

Taxes, Permits, and Licensing in Maryland 

 

To do business in Maryland you will need to file tax returns, and hold permits and licenses in your county or city.  

Your Maryland LLC is required to file and pay an annual report and business personal property tax (if applicable).  

To file online go to Maryland Business Express: Registrations and Filings or download and fill out Form 1- Annual Report and Business Personal Property Tax and sent it by mail to the Maryland Department of Assessment and Taxation. 

The annual report fee is $300 both online and by mail.  

Aside from business licenses and permits, all LLCs must also pay appropriate taxes and meet obligations with the Maryland Department of Assessment and Taxation and/or the Comptroller of Maryland. 

Never miss a deadline

Not sure which forms to file with the IRS and your State after you set up your new business? 

Sign Up to Simply Tax Compliant.  File the right forms and the right time to avoid penalties and interest.

Putting it All Together

 

Now that you can set up an LLC in Maryland online it shouldn’t take more than a day or two to get up and running.  The Maryland Business Express website is very easy to navigate and following the five steps above will help you get your talents and ideas to market faster. 

 

How to Set Up an LLC in North Carolina

How to Set Up an LLC in North Carolina

We’ve put together a free step-by-step guide on how to set up an LLC in North Carolina. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step...

How to Set Up an LLC in New Mexico

How to Set Up an LLC in New Mexico

We’ve put together a free step-by-step guide on how to set up an LLC in New Mexico. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...

How to Set Up an LLC in New Jersey

How to Set Up an LLC in New Jersey

We’ve put together a free step-by-step guide on how to set up an LLC in New Jersey. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...

How to Set Up an LLC in Maine

How to Set Up an LLC in Maine

We’ve put together a free step-by-step guide on how to set up an LLC in Maine. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has instructions and links to the sites for you to fill out the forms in the correct order. So, let’s set up your Maine LLC right now! 

A few points to remember before setting up your LLC in Maine 

When you set up an LLC in Maine you’ll need a few things before you get started.  This section will help you get your checklist in order.

A Unique Business Name 

Every business in the state must be unique. You’ll need to search for a Maine LLC name. Go to Maine Corporate Name Search to make sure yours is not taken.  

An LLC Designator 

You must have an LLC designator in your name in one of the following formats. 

  • LLC (most common) 
  • L.L.C. 
  • LC 
  • L.C. 
  • Limited Liability Company 

Now that you have your unique business name, it’s time to register it with the state of Maine. Let’s get down to business. 

A Registered Agent 

In most states, a registered agent is a person or a company that accepts “Service of Process” for your Maine LLC. A registered agent will receive any subpoenas, notices, and other legal, and tax documents sent to your business by the Maine Revenue Services. 

If you’re opening a business in Maine but you aren’t a resident, you’ll need to get a registered agent in that state.  The requirements for a registered agent are as follows: 

An Individual: 

  • Must be 18 and be a resident of the state 
  • Must be authorized to do business in the state. 
  • Must have a physical street address located in Connecticut  

 A Company 

  • Must be authorized to do business in the state 

If you meet the above criteria, you can be your own registered agent. Or you can set up a friend or family member to be your registered agent. 

You can also hire a commercial Registered Agent. A company that provides their name and address to receive legal documents from the state. 

Hot Tip

The nice part of using a company is that their address is used instead of yours. As the business address will be public knowledge. By using a registered agent, you can protect and secure your own address.  

Step 1: Register Your Business Name 

To Set up an LLC in Maine you need to reserve your business name.  This way during the process no one can steal the name of your company. 

There is no online reservation so you’ll need to apply by mail. Get this name reservation form and/or go to the Bureau of Corporations, Elections, and Commissions to download and fill it out. 

The reservation is only for up to 120 days and the filing fee is $20. 

Step 2: File Your Certificate of Formation in Maine 

Setting up an LLC in Maine is easy, especially for single-member LLCs. Just go directly to the Bureau of Corporations, Elections, and Commissions. You download and fill out the Certificate of Formation form and send it by mail.   

You can just directly file the Certificate of Formation even without a reservation.  Easy peasy.  

Fees: In Maine, the cost of setting up your LLC and filing the Certificate of Formation is $175. Processing time is 5 to 10 business days. But you can pay an additional $50 for 24-hour processing and/or $100 for a 1-hour processing time.  The state does not have an online filing. 

Step 3: Complete Your Maine LLC Operating Agreement 

 

An operating agreement is a key document used by LLCs and partnerships. It outlines the business’ financial and functional decisions including rules, regulations, and provisions. This describes how your LLC will operate internally. For more information on operating agreements, you can check out the Small Business Administration’s article on basic operating agreements. 

Hot Tip

You are not required to file an Operating Agreement with your state. But it may be vital to have it, especially if there are multiple members of your LLC.   

Step 4: Get Your Federal Tax ID Number (EIN) 

 

Once your LLC has been approved it’s time to get your Federal Tax ID Number from the IRS.   

Your EIN is the social security number of your business.  Keep it well protected.  You’ll use this number to open bank accounts, file tax documents, apply for loans, and many other uses.  It also protects your social security number when doing business with other businesses like merchant accounts, 1099s received, etc. 

To apply for your EIN you can go to IRS EIN/Tax ID Application.  Make sure you pick the correct Business Entity Type.   

Just a Note

You can only file online if you have a Social Security Number (SSN) or Taxpayer ID (ITIN).  Otherwise, you’ll have to mail in the forms and wait for the response. If you don’t have an SSN, on Form SS-4, where it asks for your SSN, ITIN, or EIN (line 7b), write “Foreign”. Your EIN application will then be approved without the need for having an SSN. 

Taxes, Permits, and Licensing in Maine 

 

To do business in Maine you will need to file tax returns, and hold permits and licenses in your county or city.  

Your Maine LLC is required to file an annual report. To file online go to Annual Reports Online or create your own preprinted report at the Paper Annual Reports and sent it by mail. 

The report fees are $85 for domestic LLCs and $150 for foreign LLCs. The same fees for online and mail filings. 

Aside from business licenses and permits, all LLCs must also pay appropriate taxes and meet obligations with the Maine Revenue Services. 

Never miss a deadline

Not sure which forms to file with the IRS and your State after you set up your new business? 

Sign Up to Simply Tax Compliant.  File the right forms and the right time to avoid penalties and interest.

Putting it All Together

 

Now that you can set up an LLC in Maine online it shouldn’t take more than an hour or two to get up and running.  The Maine Department of the Secretary of State’s website is very easy to navigate and following the five steps above will help you get your talents and ideas to market faster. 

 

How to Set Up an LLC in North Carolina

How to Set Up an LLC in North Carolina

We’ve put together a free step-by-step guide on how to set up an LLC in North Carolina. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step...

How to Set Up an LLC in New Mexico

How to Set Up an LLC in New Mexico

We’ve put together a free step-by-step guide on how to set up an LLC in New Mexico. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...

How to Set Up an LLC in New Jersey

How to Set Up an LLC in New Jersey

We’ve put together a free step-by-step guide on how to set up an LLC in New Jersey. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has...