NY2ME
New Member
- Jurisdiction
- Maine
Hello everyone, and Happy 2023 to all! I have some questions about establishing an LLC in the state of Maine.
I would want the LLC to cover several different income streams I have started to develop. Some of these I have done for many years as a hobby, while the rest are fairly new endeavors. These are:
Would it be possible to establish one LLC that can cover all of these microbusinesses, or do I need separate entities for each? I believe I will need to use a Schedule C for taxes.
I have looked at Maine's page on Corporations and LLCs, at www.maine.gov/sos/cec/corp/llc.html, and that page starts off with a long list of fees—but I am not sure which apply to me and my situation. I would just like some guidance on creating an LLC in Maine, what the costs would likely be, as well as any suggestions if any of you think a different business entity would work better for me.
I believe I would also have to file something with the town in which Iive, but I'm not sure if that's a DBA or something else.
Thanks in advance for any advice, suggestions, ideas, or guidance you can offer!
I would want the LLC to cover several different income streams I have started to develop. Some of these I have done for many years as a hobby, while the rest are fairly new endeavors. These are:
- Reselling used and new goods online through eBay;
- Mystery shopping, both in-person locally, or by phone and online;
- Creating and self-publishing books for sale through Amazon's Kindle Direct Publishing (KDP); and
- "Gig work" which is basically delivering food and groceries for Instacart and DoorDash.
Would it be possible to establish one LLC that can cover all of these microbusinesses, or do I need separate entities for each? I believe I will need to use a Schedule C for taxes.
I have looked at Maine's page on Corporations and LLCs, at www.maine.gov/sos/cec/corp/llc.html, and that page starts off with a long list of fees—but I am not sure which apply to me and my situation. I would just like some guidance on creating an LLC in Maine, what the costs would likely be, as well as any suggestions if any of you think a different business entity would work better for me.
I believe I would also have to file something with the town in which Iive, but I'm not sure if that's a DBA or something else.
Thanks in advance for any advice, suggestions, ideas, or guidance you can offer!