Maine Corporation Requirements

After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Maine corporations.

Corporate records

Maine corporations must keep the following at the principal office with their corporate records:

  • The Articles of Incorporation and any amendments
  • Bylaws or restated bylaws and any amendments
  • Resolutions adopted by the board of directors creating one or more classes or series of shares and fixing their relative rights, preferences and limitations
  • Minutes of director and shareholder meetings for the past three years
  • A records of action taken by the directors or shareholders without a meeting for the past three years
  • A record of all actions taken by a committee of the board of directors in place of the board of directors
  • Written communications to shareholders, including financial records, for the past three years
  • A list of the names and addresses of shareholders in alphabetical order by class of shares and showing number and class of shares
  • A list of names and business addresses of current directors and officers
  • Most recent annual report

Corporate taxes and fees

The following are taxation requirements and ongoing fees for Maine corporations:

  • Annual report. Maine requires corporations to file an annual report by June 1. The annual report fee is $85.
  • Taxes. For complete details on state taxes for Maine corporations, visit Business Owner's Toolkit or the State of Maine.
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.

  • State tax identification number. Maine does not require a state tax identification number.

Business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Maine recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Maine information

View the following additional resources BizFilings has for forming and maintaining companies in Maine: