Maine Foreign Corporation Registration To Avoid Legal Penalties Did you form a corporation in a state other than Maine? Depending...
November 23, 2021Did you form a corporation in a state other than Maine? Depending on the activities of your corporation, you may be required to file for a Maine Foreign Corporation registration, also known as a ‘certificate of authority or ‘foreign qualification’ to transact business within the state. If you don’t, you cannot file lawsuits in Maine, and the state might impose fines for doing business without registering your corporation.
So how do you know if your corporation needs to apply for a Maine Foreign Corporation Registration? Let鈥檚 take a look at some of the most common scenarios:
If you formed your corporation in another state, your corporation is domestic to that state, and a Foreign Corporation in every other state鈥攊ncluding Maine. An unregistered corporation doing business in a state other than the original state of formation may be subject to fines, penalties, and lack of legal recourse. Maine might even prevent you from continuing to do business in the state. Registering your Foreign Corporation in Maine is similar to forming a new corporation, subject to separate state filings, fees, and taxes.
There are a few good reasons why it is important to the state of Maine for you to register your Foreign Corporation:
A Maine Foreign Corporation registration includes the following steps:
Please note that Maine might require you to obtain business licenses even if you possess them in your corporation鈥檚 domestic state. Your Foreign Corporation must also be in good standing with your domestic State in order to apply for a Certificate of Authority and register your Foreign Corporation in Maine. If you have any questions about the process, call (800) 603-3900 to speak with us immediately or fill out the assistance form on this page and our attorneys will get back to you within 4 business hours.
The maintenance of a Maine Foreign Corporation registration is similar to a domestic corporation formation. It includes the maintenance of annual or biennial filings, reports, taxes, business licenses, registered agents, and good standing鈥攊n both your domestic and foreign states.
States require companies to register as a Foreign Corporation to ensure they meet tax and regulatory requirements. If you are unsure whether your corporation鈥檚 activities in Maine call the need for a Foreign Corporation registration, call our main office at (800) 603-3900 to speak to someone who can help you immediately. Foreign Corporation registration and obtaining the Certificate of Authority is a legal and business formation process; avoid the potential pitfalls of doing it with a non-lawyer formation service or agency.
Spiegel & Utrera, P.A. equips you with a combined 175+ years of legal and business formation experience, knowledge, and affordable, honest service. Our attorneys know what they鈥檙e doing and will go above and beyond to make sure that your business is protected and brandishing every potential advantage possible.
Here鈥檚 what you get with us:
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