MAINE CORPORATION FOREIGN QUALIFICATION
What is Maine Corporation Foreign Qualification?
explain
You want to do business in the state of Maine but are registered as a Domestic Corporation in another state.
In order to legally conduct business in the state of Maine you must register with the Maine Secretary of State as
a
Foreign Corporation.
The process of registering as a Foreign Corporation in Maine is called
Maine Corporation Foreign Qualification.
The process of Maine Corporation Foreign Qualification is similar to the process of forming a Domestic Corporation in Maine.
Your original Domestic Corporation formation documents (usually called Articles of Incorporation) and By Laws apply to your Maine Foreign Corporation.
The Officers and Directors of your Domestic Corporation have the same roles in the Maine Foreign Corporation.
Specific requirements to qualify as a Foreign Corporation in Maine are explained below.
Once you have made the decision to Qualify as a Foreign Corporation in Maine,
a Maine lawyer can file your documents and act as a middle man for a few hundred dollars an hour;
or you can use an online service provider like All Business Documents to perform these services.
Put the money you save with All Business Documents right where it belongs - into your new Maine Foreign Corporation.
What is a Maine Foreign Corporation?
explain
In the United States, just because you are registered to do business in one state does not mean that you can legally do business in another state.
If you want to transact any serious business in a state other than the state in which your Corporation is registered, most likely you will
have to register with the state in which you want to do business before you can legally conduct business there.
For example, a Corporation that is registered in California wants to do business in Maine.
The California Corporation is a "Domestic" Corporation in California and will be a "Foreign" Corporation in Maine.
The California Foreign Corporation needs to register with the Maine Secretary of State as a Maine Foreign Corporation.
The use of the term Foreign in this case refers specifically to individual US states.
The US government, including the IRS, considers a Foreign Corporation to be a Corporation that is registered outside
of the United States.
Do I need a lawyer to Form a Foreign Corporation in Maine?
explain
The short answer is no.
The state of Maine does not legally require a lawyer to form a
Maine Foreign Corporation.
Our detailed
Foreign Corporation Information page may help you understand some
of the implications of forming a
Maine Foreign Corporation.
However, if there is
anything about forming a Foreign Corporation in Maine
that you're not sure about you should seek the advice of a competent Maine lawyer, a Maine accountant,
or both
before you form a Foreign Corporation in Maine.
Once you have made the decision to form a Foreign Corporation in Maine, a Maine lawyer
can file your documents and act as a middle man for a few hundred dollars an hour; or you can use an online service provider like All Business Documents
to perform these services and
save money that you can use in your new Maine Foreign Corporation.
Do I have to Reserve a Company Name before I Form a Foreign Corporation in ME?
explain
You are not legally required to reserve a Company Name for a new Maine Foreign Corporation before you submit your application to Form a Foreign Corporation
in Maine.
The Foreign Corporation name that you have registered in your home state may or may not be available in Maine.
In that case you need a different name your Maine Foreign Corporation.
Whether or not you need to reserve a company name for your new Maine Foreign Corporation depends entirely on your business situation.
The Maine Secretary of State uses names on a first come first served basis.
So if you think that someone may snatch the Company Name that you have in mind, you may want to reserve that Maine Foreign Corporation Name.
What if the Maine Foreign Corporation Name I want is already taken?
explain
If the Name you have chosen for your new Maine Foreign Corporation is already in use by a currently active
Maine Foreign Corporation or LLC then you will have to register a DBA Name with the Maine Secretary of State. "DBA" is an abbreviation for "Doing Business As."
We verify that the Name you have chose for your new Maine Foreign Corporation is available before we submit
your Foreign Corporation filing to the Maine Secretary of State.
If necessary we can register a DBA Name in Maine for you so that you can open your new Maine business as quickly as possible.
What do I have to do to Form a Foreign Corporation in Maine?
explain
- Prove that you are registered in a state other than Maine as a Domestic Corporation
In order to register as a Foreign Corporation in the state of Maine, you must first prove that you are registered in another state as a
Domestic Corporation.
You prove this with a Certificate of Good Standing, sometimes referred to as a Certificate of Existence or a Certificate of Fact, from the
state in which you are registered as a Domestic Corporation.
Cost of a Good Standing Certificate for your Domestic Corporation varies from state to state.
If you already have a Good Standing Certificate from your home state, note that it must be dated no older than 90 days from the date of your application for
Maine Corporation Foreign Qualification.
If the date on your Good Standing Certificate is older than 90 days then you need to get an updated certificate.
If you get your own Good Standing Certificate you must scan and email or send a copy to us before we submit your application for a
Maine Foreign Corporation.
We can get your Good Standing Certificate from any state - in most states within 2-3 hours.
- Choose a name for your Maine Foreign Corporation
You can use the same name in Maine that you use in your home state, however, if the name of your Domestic Corporation is not available you need to choose another name.
Your Maine Foreign Corporation name can identify the type of products and services your business will provide;
or it may be the name of the founder; or it can be a combination of the two or something else.
In any case, the Maine Foreign Corporation name that you choose must be distinguishable from the name of any other registered Maine Corporation or other
business entity and the name must also be different from any reserved names on record with the state of Maine.
Your Maine Foreign Corporation name must not imply that it was formed for a purpose other than that stated in the
Your Maine Foreign Corporation name must not be a name that is likely to mislead the public.
The name of a Maine Foreign Corporation must include the word "Foreign Corporation" or
"Incorporated" or an abbreviation of one of these words.
It's important to choose a good name for your Maine Foreign Corporation because if you want to change it after you qualify you
will have to file amended documents with the Maine Secretary of State (and pay a fee).
We will check to make sure that your requested Maine Foreign Corporation name is available and conforms to all state of Maine
Foreign Corporation naming regulations.
- Select an official address and a Registered Agent for your Maine Foreign Corporation
Every Maine Foreign Corporation must have an address that is physically located in the state of Maine.
This address is "registered" with the Maine Secretary of State.
The Registered Address cannot be a PO Box and is where official and legal correspondence can be delivered.
The individual or company that is registered with the state of Maine to receive all correspondence on behalf of the Maine
Foreign Corporation is called a "Registered Agent".
You may act as your own Registered Agent, however, many Maine Foreign Corporations hire a Registered Agent because they don't have a physical
address within the state of Maine or to provide a distinct level of privacy.
We provide Registered Agent services in Maine as well as all other states and the District of Columbia.
- File Registration Documents with the Maine Secretary of State
In order to Qualify as a Foreign Corporation in Maine you must file Registration Documents with the Maine Secretary of State.
In Maine the registration documents are named "Application for Authority To Do Business".
The registration documents must include certain specific information about your Maine business.
If the Registration Documents do not conform exactly to state of Maine requirements they will be rejected. 
If you need to change any of the information on your registration documents after your Maine Foreign Corporation has been approved,
you may amend the registration documents for your Maine Foreign Corporation but you will have to pay a fee to
the state of Maine in order to make the changes official.
- Determine how you want your Maine Foreign Corporation to be taxed
The Maine Corporate Income Tax Rate is %.
You may choose that your Maine Foreign Corporation to be taxed as a C Corporation or S Corporation.
A C Corporation is what you may think of as a traditional Corporation like General Electric or Ford.
C Corporations pay a Corporate income tax to the state if that state taxes Foreign Corporations.
You may choose to have your Maine Foreign Corporation taxed as a S Corporation.
S Corporations "pass through" all corporate profits to the shareholders (owners) who then pay tax at their applicable personal rate.
S Corporations do not pay any Maine Corporate Income Tax.
The Corporate Tax structure in the state of Maine consists of four tax brackets:
- 0 - $25,000 - 3.5%
- $25,001 - $75,000 - $875 + 7.93% of excess over $25,000
- $75,001 - $250,000 - $4,840 + 8.33% of excess over $ 75,000
- Over $250,000 - $19,418 + 8.93% of excess over $250,000
If you choose to be taxed as an S Corporation, we can prepare the S Corporation election form for your Maine Foreign Corporation and include it with
your final Foreign Corporation documents package.
What do I have to do after I Form a Foreign Corporation in Maine?
explain
- Obtain Business Licenses from the cities and counties in which you plan to do business
- File the required reports for your Maine Foreign Corporation
- Keep proper records of your Maine Foreign Corporation on file
- Pay your taxes to the state of Maine
- Obtain Business Licenses from the cities and counties in which you plan to do business
Note that forming a Maine Foreign Corporation does not take the place of obtaining a local business license, tax
registration certificate, or other required business permits.
A Maine Foreign Corporation merely creates an ownership structure that limits the owners' personal liability.
You may still need to take care of getting set up to do business with your local government.
Depending on the nature of the business and the location of your Maine Foreign Corporation within Maine you may need to get one or more local
business licenses or permits.
The business licenses or permits that are required for your Maine Foreign Corporation vary depending on your business activities
and the specific locations within the state of Maine in which you want to conduct business.
If your Maine Foreign Corporation will be selling products in Maine you may be required to obtain a Reseller's Permit from the appropriate
Maine state agency.
If your Maine Foreign Corporation will be selling products in Maine you will also be responsible for all applicable local and state of Maine
sales taxes if there are any.
We have the expertise to find out exactly which state and local permits that you need for your specific business.
- File the required reports for your Maine Foreign Corporation
The Maine Corporation Annual Report includes basic information about your Maine Foreign Corporation including information on your Officers and Directors.
Failure to submit a properly completed Maine to the Maine Secretary of State on or before the
due date may subject the Maine Foreign Corporation to being administratively dissolved in the state of Maine or having its authority to
transact business in the state of Maine revoked by the Maine Secretary of State.
Penalties may accrue if you fail to file any Maine Foreign Corporation to the Maine Secretary of State by the due date.
- Keep proper records of your Maine Foreign Corporation on file
Keep the following records on file and available at the principal business office of your Maine Foreign Corporation:
- Names and addresses of all Directors and Officers of the Maine Foreign Corporation
- Foreign Corporation formation documents and any Amendments to them
- Corporate Bylaws and any Amendments to them
- List of current shareholders of the Foreign Maine Foreign Corporation.
If shareholders change, keep a record of old shareholders and how stock was transferred.
- Minutes of all Meetings of Shareholders and Directors
- Copies of any Corporate Resolutions which have been adopted by the Maine Foreign Corporation
- Copies of all tax returns and Annual Reports for the Maine Foreign Corporation for the last 3 years
- Pay your taxes to the state of Maine
Foreign Corporations that either do business in the state of Maine or that derive income from sources within the state of Maine are subject
to Maine and federal tax laws.
If you are engaged in intrastate business and derive income from other states besides Maine, you must allocate the amount of income derived
from the state of Maine in order to determine your Maine state taxes.
What information do I need in order to Form a Foreign Corporation in Maine?
explain
In order to Incorporate in Maine you'll need the following information about your new Company:
- The name of your new Maine Foreign Corporation along with your second choice of a name in case the name that you want is not available
- Physical address of the Foreign Corporation office in Maine (not a PO Box)
- A good standing certificate for your Domestic Corporation from your home state no older that 90 days
- A description of the nature of the business you are planning to operate with the Maine Foreign Corporation
- Names and addresses of the initial Directors of the Maine Foreign Corporation
Remember -
ALL the information that you provide when you Form a Foreign Corporation in Maine becomes part of the public record.
Our data entry forms include the
absolute minimum amount of information that is required in order to Form a new Foreign Corporation in Maine.
How long does it take to Form a Foreign Corporation in Maine?
explain
Processing times for new Maine Foreign Corporation applications vary depending on the work load of the
Secretary of State's staff.
We've found that normal processing of new Maine Foreign Corporation applications takes the state around 3-4 business days.
Add 2-3 days for the time period for shipping the final documents by mail.
Choosing our Express Mail option can shave a couple of days off the total processing time for your new Maine Foreign Corporation.
PLEASE NOTE: WE CANNOT GUARANTEE MAINE SECRETARY OF STATE PROCESSING TIMES.
The Maine Secretary of State reserves the right to extend expedite periods in time of extreme volume, staff shortage or
equipment malfunction.
We are dependent on, and have no control over, the staff and systems of the Maine Secretary of State.
In our experience 3-4 business days is the time it
usually takes the Maine Secretary of State to process
a new Maine Foreign Corporation application.
We get your Maine Foreign Corporation application to the ME Secretary of State ASAP.
Once it is at the state we have no control over the new Maine Foreign Corporation application process.
How much does it cost to Form a Foreign Corporation in Maine?
explain
The state of Maine charges $255.00 to Form a Foreign Corporation in ME. Also add the cost of a Good Standing Certificate from your home state.
If you choose us to help you Form your Foreign Corporation in Maine our processing fees are $145.00.
This includes:
- Same day processing of your new Maine Foreign Corporation order
- ME Name Check and Reservation
- Prepare Application for Authority To Do Business
- File Formation Documents with the Maine Secretary of State
- Certified Copies of Formation Documents
- Maine Foreign Corporation Checklist
- Priority Mail Delivery
- Unlimited Customer Support
MAINE FOREIGN CORPORATION COST ESTIMATOR
Our Maine
Foreign Corporation Services include:
(These services are included in our processing fees)
Optional Maine
Foreign Corporation Services
(Choose options, cost is updated automatically)
-
Expedited Service
explain
Normal processing time for a new Maine Foreign Corporation is 3-4 business days.
The Maine Secretary of State offers two expedited processing options for new Maine Corporation applications. For an additional $50 the Secretary of State will process the new Maine Corporation filing within 24 hours. For $100 the Secretary of State will process the new Maine Corporation filing immediately.
This is the time by which the Maine Secretary of State will either approve or deny the Foreign Corporation application.
Maine Foreign Corporation applications must be received by the Secretary of State before noon Maine time for the process to start that day.
Another way to expedite your order is to choose the Express Mail option.
The Express Mail option can cut document delivery times in half.
-
- Express Mail - $35
explain
If you really need your original approved Application for Authority To Do Business in your hands quickly, the
Express Mail option can cut the delivery time in half.
The Express Mail option has no effect on the Maine Secretary of State's processing time. For the quickest turn-around time also choose the Expedited Service option.
-
S Corporation Election - $50
explain
S Corporations are taxed differently than C Corporations.
With an S Corporation, business profits may be "passed through" directly to the shareholders.
This avoids the double tax on both corporate and shareholder profits.
S Corporations do not pay any Maine Corporate Income Tax.
We can prepare the S Corporation Election form for you and include it with your final Foreign Corporation documents pakage.
-
ME Registered Agent - $135
explain
Every Maine Foreign Corporation is required to have an address within the state of Maine where
official and legal correspondence can be delivered.
The individual or company that is registered with the state of Maine to receive all correspondence
on behalf of the Foreign Corporation is called a Registered Agent.
You may act as your own Registered Agent, however, many Foreign Corporations hire a Registered Agent because they don't have a physical address within
Maine or to provide a distinct level of privacy.
We can act as your Maine Foreign Corporation Registered Agent.
This is an annual service.
We will forward all correspondence to you and will remind you when it is time to renew your ME Registered Agent services.
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ME Good Standing Certificate - $63
explain
A Maine Good Standing Certficate is proof of the existence of your new Maine Foreign Corporation.
The Certificate is issued by the Maine Secretary of State and is proof that your ME Foreign Corporation is not behind on any
of its Maine Secretary of State Corporate obligations.
A Maine Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes
in the state of Maine or in any other state.
We can get your Maine Good Standing Certificate immediately after the Maine Secretary of State has approved your Foreign Corporation filing.
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Federal EIN - $65
explain
An FEIN is like a Social Security Number for your Maine Foreign Corporation.
We can get your FEIN on the same day that your Application for Authority To Do Business are approved by the Maine Secretary of State.
You can get your FEIN before your articles are approved by the Maine Secretary of State but it's a good idea to wait until
after approval.
Your filing may be rejected or the Foreign Corporation name that you want may not be approved.
Changing information on an FEIN filing is not a trivial exercise with the IRS.
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Foreign Corporation Kit and Seal - $99
explain
While you're not required to have a Foreign Corporation Kit and Seal for your new Maine Foreign Corporation they do come in handy.
The ME Foreign Corporation Kit consists of a beautiful customized binder, stock certificates, a stock ledger
and your custom Foreign Corporation Seal.
The Foreign Corporation Seal is used to emboss important company documents, such as stock certificates.
The binder also includes dividers so you can use it for all of your Maine Foreign Corporation record keeping.
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Business License Research - $175
explain
Most new Maine Foreign Corporations are required to get some kind of state, regional or local permits or business licenses.
The task to figure out exactly what you need can be daunting.
We can determine exactly which forms you need to fill out, fill them out for you and file the forms with the appropriate government agency
where possible.
GOOD STANDING CERTIFICATE
You will need a Good Standing Certificate from your home state that is no older than 90 days.
Choose your home state from the list, the price of the certificate below will be updated automatically.