|
Before you open your business, determine which of the numerous local, state and federal regulations apply to you. Avoid the temptation to ignore regulatory details. Doing so may save time in the short term, but could become an obstacle as your business grows.
Starting your new Maine business
Below is a list of the most common requirements that affect small / new businesses. The list is by no means exhaustive, as regulations vary by industry. Consult the list below for a solid start to meeting your regulatory requirements, and then carefully investigate the additional regulations that affect your industry.
Business OrganizationThere are many forms of legal structure you may choose for your business. The most common structures are Sole Proprietorships, General and Limited Partnerships, C and S Corporations, and Limited Liability Companies. Each legal structure offers organizational options, which are appropriate for different personal situations, and which affect tax and liability issues. We suggest you research each legal structure thoroughly, and consult a tax accountant and/or attorney prior to making your decision.
Maine Business Name Businesses that use a name other than the owner's must register the fictitious name with the county as required by the Trade Name Registration Act. Check for the appropriate name of the Trade Name Registration Act in your area. This does not apply to corporations doing business under their corporate name or to those practicing any profession under a partnership name.
Trademarks Trademarks are names or symbols used in any commerce that is subject to regulation by state government or the U.S. Congress.
Starting a business in Maine
The largest of the New England states in area, Maine, in 1820, was the 23rd state to join the Union. Its name comes from an ancient French province of the same name. The most sparsely populated state east of the Mississippi River, it's appropriately called the "Pine Tree State," as 90 percent of its land is forest. Not surprisingly, most of Maine's economy is related to timber and the production of paper and paper products although the millions of tourists who flock each summer to "Vacationland" are a significant source of revenue. The capital is Augusta; the state flower is the white pine cone and tassel.
Incorporation
| Startup Journal |
New companies |
Corporate Kit |
| 