Dissolving Your Company in Maine
Company Dissolution in Maine
To dissolve a company in Maine first step is to have a meeting of its members (for LLC) or directors/shareholders (for corporation) and have a resolution drafted authorizing dissolution. Once such resolution was ratified, the process of dissolution involves the following steps:
1. Obaining Clearances & Consents
There are no clearances of consents required to dissolve a company in Maine.
2. Filing Articles of Dissolution
Articles of Dissolution are filed with Maine Secretary of State. The processing of dissolution at the Maine Secretary of State level takes about 5-10 business days, with expedited option avaliable (24 hours).
3. Newspaper Publication
There are no newspaper publication requirements to dissolve a company in Maine.
4. Updating Other Agencies & Company Documents
Don’t forget to notify the IRS and other state agencies regaring the dissolution. Also, make sure you file a “final” tax return for the company.
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