One of the requirements of maintaining an LLC or corporation in Maine is filing an Annual Report. The Annual Report is used to confirm and update the company’s information each year with the Maine Secretary of State.
How to File a Maine Annual Report
You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Maine Secretary of State’s website, otherwise you can download and fill out the Annual Report
The report asks for information such as:
- Legal name of the entity
- Charter Number – Find your Secretary of State’s Charter Number, click “Information Summary” and find the Charter Number field.
- Name and address of the officers, directors, members and/or managers
Processing is immediate when filing online or 7-10 business days when filing by mail.
Annual Report Cost
The cost to file an Annual Report for either the Corporation or LLC is $85.
The Annual Report is due by June 1st each year and can be made as early as January 2nd.
The first annual report isn’t due until the year following formation. For example, if your LLC or Corporation was formed January 1, 2020, the first Annual Report will be due June 1st 2021.
The Secretary of State’s office emails a reminder in advance of the Annual Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
My business made little or no money. Do I still have to file the Annual Report?
Even if your Corporation or LLC received no income or had no business activity, the Annual Report is still required to be filed.
What happens if you don’t file the Annual Report on time?
If the Annual Report isn’t filed on time, a $50 penalty is assessed. If the report isn’t filed by August 5th, the entity will be administratively dissolved by the Secretary of State.
While the Maine Annual Report form asks for the name and address of the Registered Agent, the Registered Agent can’t be updated on this form.
To update the Registered Agent’s information, fill out a Change of Commercial Clerk Form MBCA-3-CRA. There is a filing fee to make the change.
Maine Secretary of State Contact Information
Maine Secretary of State
Division of Corporations, UCC and Commissions
101 State House Station
Augusta, ME 94333-0101
If you have questions, they can be contacted at (207)-624-7752.