Why form a Maine Corporation?
Maine corporations are set up by an individual who wants the protection afforded to them with this legal filing. When a corporation is formed, it provides the individuals associated with the corporation liability protection of their personal assets from liability. Many individuals will file corporations for this reason. There are other reasons for filing a corporation such as tax liability and other aspects of business.
Helpful tips in naming your Corporation
A Corporation formed in the State of Maine must have as its legal designator “Incorporation”, “Corporation” or its abbreviation. A corporate name may not contain language implying or stating that the corporation is formed for a purpose other than that permitted by Maine statutes and the corporation's articles of incorporation. The corporate name must be distinguishable upon the records of the Secretary of State of any other entity. To determine whether or not a name is distinguishable, the Secretary of State punctuation, capitalization or special characters. Also, the Secretary of State will ignore legal designators such as “LLC” or “Inc.” in the name. Finally the Secretary of State will reject corporate names that are deemed obscene, inappropriately promotes abusive or unlawful activity, falsely suggests an association with public institutions and violates any other provision of the law of this State with respect to names.
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