The Maine Assumed Name Certificate is an important legal document for businesses in the state of Maine. It is filed by businesses or individuals who wish to operate under a name that is different from their legal name. This certificate allows them to conduct business using a trade name or a fictitious name. This certificate is also known as the Maine Assumed Name Registration or the Maine Doing Business As (DBA) Certificate. The purpose of obtaining this certificate is to inform the public and government entities about the true identity of the business owner(s) behind the assumed name. The Maine Assumed Name Certificate is required for various reasons. First, it ensures transparency and prevents fraudulent activities by identifying the individuals or entities operating under a specific name. It also allows consumers to easily identify and locate the true owner(s) of a business. Additionally, it enables the state government to keep accurate and up-to-date records of all registered businesses. There are two types of Maine Assumed Name Certificates: the individual certificate and the partnership certificate. The individual certificate is used when a sole proprietor wishes to operate their business under an assumed name. It requires the individual's name, address, and trade name details. The partnership certificate is required for businesses that operate as a partnership or joint venture under a trade name. It needs to include the names and addresses of all partners, as well as the trade name. This certificate allows the partnership to use a name other than the names of the individual partners. Obtaining a Maine Assumed Name Certificate involves a few steps. Firstly, applicants need to conduct a thorough name search to ensure that the desired name is available and not already in use by another business. They can perform this search on the Maine Secretary of State's website or by contacting their office directly. Once the availability of the name is confirmed, applicants can file the Assumed Name Certificate with the Maine Secretary of State. The filing fee varies depending on the type of certificate being applied for. The certificate is usually valid for a specific period, typically five years, after which it must be renewed. In conclusion, the Maine Assumed Name Certificate is an essential document for businesses operating under a trade name or fictitious name in the state. It ensures transparency, protects consumers, and helps maintain accurate records of registered businesses. The individual and partnership certificates are the two types available, allowing sole proprietors and partnerships to operate under an assumed name respectively.
Maine Assumed Name Certificate
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How to fill out Assumed Name Certificate?
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Once you've completed and submitted the form, you must also include payment for the filing fee. In Maine, registering a DBA costs $35 as of the year 2023. The Office of the Maine Secretary of State will carefully analyze your application once you submit your form and pay the required fee.
Maine LLC Approval Times Mail filings: In total, mail filing approvals for Maine LLCs take 3-4 weeks. This accounts for the 10-15 business day processing time, plus the time your documents are in the mail. The Maine Secretary of State doesn't offer online filings to create a new LLC.
DBA stands for ?doing business as?. A DBA name is also referred to as a ?trade name?, ?assumed name?, or ?fictitious business name?.
In Maine, sole proprietors must get a DBA to operate under any name that isn't their own name (31 MRSA §2). So, if you're Billie Rose and want to do business under ?Safe & Sound Taxi,? or even ?Billie Rose Taxi,? you'd need to register a DBA.
It is signed by a person authorized to create the LLC. The cost is $175, and it takes up to 30 business days to process the form. Expedited processing is available for an additional fee.
Maine's state fee to start an LLC is $175. Every year you own your Maine LLC, you'll also have to pay $85 to file an annual report.
An LLC has distinct advantages in the areas of legal protection and liability. While there are filing fees for setting up an LLC, that cost can be well worth it when compared to the thousands of dollars you could be liable for as a sole proprietor. On the other hand, it costs no money to start a sole proprietorship.
You should hire us first and then form your Maine LLC or corporation because the state will reject your business registration filing if you don't list your registered agent. You'll find all the forms and instructions you need to complete your filing instantly after you place an order.
