The advantages of incorporating or forming an LLC in Maine:
Maine is one of America’s most beautiful natural playgrounds, with more than 5,000 miles of spectacular coastline, majestic mountain ranges, and pristine lakes and rivers. Maine’s charming villages, bustling ports and relaxing country retreats attract visitors from around the world to enjoy four-season recreation, unique community events and festivals, and our heritage of the sea.
Maine has a great number of incentive programs to encourage business expansion and relocation. Businesses which locate in one of Maine's newly designated Pine Tree Zones (PTDZ) may be eligible for the following:
- Corporate Income Tax Credit
- Reimbursement of its employees’ state personal income tax withholdings
- No sales tax on purchases of building materials
- Access to other state and local incentive programs
Tax credits and exemptions:
- Research Expense Tax Credit,
- R&D Super Credit,
- High-Technology Investment Tax Credit
- Sales Tax exemptions for technology companies.
- Tax credits for creating new jobs
Tax reimbursement programs:
- No effective personal property tax on machinery and equipment (BETR program),
- Reimbursement of Maine income tax withholdings from new employees (ETIF program),
- partial real and property tax refunds from municipalities (TIF program).
- State-financed training for new employees
- Training costs for employees through the Governor’s Training Initiative (GTI)
- Apprenticeship programs
Maine state sales tax exemptions are available for:
- Manufacturing
- Research and Development
- Custom computer programming
- Fuel & electricity
- Biotechnology
Financing resources are as follows:
- Taxable Bond Program
- Tax-Exempt Bond Program
- Regional Economic Development Revolving Loan Program
- Small Enterprise Growth Fund
- Maine Technology Institute
- Community Development Block Grant (CDBG) Economic Development Funds
Maine advantages include:
- Maine Levies Sales Tax at National Median
Maine Incentives:
- Fully exempts manufacturing machinery (and gives a credit)
- Full sales/use tax exemption (equal to 6%); 1% income tax credit
- Exemption - Machinery and equipment used directly in manufacturing, and includes parts and attachments
- Credit - machinery and equipment placed in service in the state
Other Incentives:
- Pine Tree Development Zones
- Workforce Training
- Technology Tax Credits
- Tax Reinbursements
- Jobs & Investement Tax Credits
- Financing Resources: Taxable Bond Program, Tax-Exempt Bond Program, Regional Economic Development Revolving Loan Program, Small Enterprise Growth Fund, Maine Technology Institute, Community Development Block Grant (CDBG) Economic Development Funds
Information on forming LLCs:
- Existing LLC Act: Yes
- State Income Tax Classification of LLC: Follows federal
- Entity Level Tax on LLC: No
- Tax Form and Filing Available: Form TR due April 15
- Composite Filing Available: Yes
- Annual Report Required: Yes
|
Incorporate your business 
Legal entities explained 
Our service
Incorporate in Your State
