Maine



Maine Multi Member LLC Operating Agreement

Maine Multi Member LLC Operating Agreement

The Maine multi-member LLC member operating agreement is How to Write Step 1 –

Maine Single Member LLC Operating Agreement

Maine Single Member LLC Operating Agreement

The Maine single member LLC operating agreement is How to Write Step 1 –

The Maine operating agreements, also known as ‘Company Agreements’, are required by State law for every entity that has formed as an LLC. The agreement mimics a partnership agreement by verifying how much each owner’s interest (as a percentage) as well as the roles of each member, management, business purpose, distributions, and any other details that are to be agreed upon. Once signed and notarized (recommended but not required) the form is to be kept by the individual/member for their own record-keeping.

Maine Operating Agreement Laws

31 §1521. Limited liability company agreement; scope, function and limitations
31 §1522. Provisions of the chapter that may not be modified by the limited liability company agreement
31 §1523. Limited liability company agreement; effect on limited liability company and persons admitted as members; preformation agreement
31 §1524. Limited liability company agreement; effect on 3rd parties and relationship to records effective on behalf of limited liability company

How to Create an LLC

A company may be created in the State of Maine by selecting a name for the LLC and applying through a form known as the ‘Certificate of Formation’.

Step 1 – Select a Company Name – After thinking of a potential name it is best to use the name availability checker to ensure there are none else like it.

Step 2 – Fill-in the Certificate of Formation – Choose:

Certificate of Formation (Form LLC6) – For all Maine based businesses. Filing Fee $175
Statement of Foreign Qualification (Form MLLC12) – For all companies located in another State seeking to operate in Maine. Filing Fee $250

Step 3 – Pay Fee – Make a check payable to the ‘Maine Secretary of State’ in accordance with the appropriate fee.

Step 4 – Mail – Send the application and the fee to the following address:

Secretary of State 
Division of Corporations, UCC and Commissions 
101 State House Station 
Augusta, ME 04333-0101 

Optional – If the company is to be operating in everyday business activities and will need a bank account, an employment identification number (EIN) must be applied for at the IRS Website (Free).