Maine Articles of Charter Surrender Upon Nonprofit Conversion is a legal document required when a nonprofit corporation in Maine opts to dissolve its charter in order to convert to a for-profit business. It is also known as a Form-5. The document must be signed by the corporation's board of directors and filed with the Maine Secretary of State. The Articles of Charter Surrender must include the name of the corporation, the date of its formation, the date of its dissolution, and the names of the corporate officers involved in the conversion process. The document also states the reason for the conversion and certifies that all debts and liabilities of the nonprofit have been settled. There are two types of Maine Articles of Charter Surrender Upon Nonprofit Conversion: a Short Form and a Long Form. The Short Form is used for corporations with fewer than twenty members or fewer than $50,000 in assets, while the Long Form is used for larger corporations.
Maine Articles of Charter Surrender Upon Nonprofit Conversion
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You can get an LLC in Maine in 10-15 business days (plus mail time). If you need your Maine LLC faster, you can pay for expedited processing.
Form #Form NameFeeMBCA-1Application for Reservation of Name$20.00MBCA-1ATransfer of Reserved Name$20.00MBCA-2Application for Registration of Name$20.00 per month $200.00?RenewalMBCA-2AConsent Terminating Name Registration$35.0045 more rows
To find your LLC's Charter Number, you can look at your approved Certificate of Formation. You can also search your LLC's name in Maine's Corporate Name Search tool, click ?Information Summary? to the right, then look for your Charter Number at the top.
Online: Go to their website under online services and follow the instructions provided on the interactive corporate services page to search and print a certified copy. A list of all filings for the Maine Corporation is provided. If the document is older it may not be available for online printing.
Yes, you can be your own registered agent in Maine. However, after considering the registered agent requirements most business owners elect to hire a registered agent service instead.
The state of Maine charges a $145 filing fee for Articles of Incorporation, with a standard filing time of about 14 days. There is an optional 24-hour expediting process that costs $50, and an immediate expediting process that costs $100.
The Maine LLC will be your best choice for small to medium-sized businesses. LLCs in this state are less expensive and time-consuming to form and maintain than corporations, and provide easy management, flexibility and liability protection.