CARRABASSETT VALLEY — Steve Arner of Western Maine Law LLC will present Starting Your Own Business? at 4:30 p.m. Wednesday, May 2, at the Carrabassett Valley Public Library.
The program is part of the Lawyers in Libraries project.
Arner will explain the reasons business owners may wish to form limited liability companies or corporations rather than operate as sole proprietorships. He will also explain the key differences between the forms of business entities with respect to liability and asset protection, taxation, costs of operation and operation.
He will discuss the steps and costs of creating a new business entity, including reserving a name, appointing an agent, making the necessary initial and annual filings with the Maine Secretary of State, preparing bylaws or an operating agreement, electing an appropriate tax treatment, obtaining an Employee Identification Number, conducting and documenting meetings, and complying with record-keeping and annual report requirements.
For more information, go to: lawyersinlibraries.org or call the library at 207-237-3535. The program is free and open to the public.
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