Misleading Solicitations for Maine 2025 Annual Reports

Misleading Solicitations for Maine 2025 Annual Reports

As we approach the end of 2024, anyone associated with an entity formed in Maine or authorized to do business in Maine has probably recently received one or more unsolicited offers to help you file your 2025 annual report with the Maine Secretary of State’s Office. Maine law requires every entity formed in Maine or…

Tax Planning: How Can I Minimize My Tax Liability?

Tax Planning: How Can I Minimize My Tax Liability?

Effective tax planning is essential for individuals and businesses to minimize tax liability and maximize financial efficiency. Understanding strategies and options can help you achieve significant tax savings. Importance of Tax Planning Tax planning involves analyzing your financial situation and implementing strategies to reduce your tax burden. This proactive approach can help you: Key Tax…

Intellectual Property: How Do I Patent an Invention?

Intellectual Property: How Do I Patent an Invention?

Protecting your invention through a patent is crucial for safeguarding your intellectual property and securing exclusive rights to your innovation. Understanding the patent process can help you navigate this complex legal area. What is a Patent? A patent is a legal document granted by the U.S. Patent and Trademark Office (USPTO) that gives the inventor…

Proposed Rules for Maine’s Paid Family Medical Leave Act: What Employers Need to Know
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Proposed Rules for Maine’s Paid Family Medical Leave Act: What Employers Need to Know

On May 20, the Maine Department of Labor (DOL) issued proposed rules interpreting the Paid Family Medical Leave Act. Employers are encouraged to review these proposals, which can be found here, to determine if there are areas that may benefit from their comments. Key Points for Employers: This is a critical time for employers to…

Understanding the New DOL Final Rule on Salary Requirements for Exempt Employees

Understanding the New DOL Final Rule on Salary Requirements for Exempt Employees

The US Department of Labor (DOL) recently announced a Final Rule that will bring significant changes to the minimum salary requirements for white collar exemptions from the federal minimum wage and overtime pay requirements under the Fair Labor Standards Act (FLSA). This development is crucial for employers to understand and implement, as it adjusts the…

Championing Conservation Efforts in Maine

Championing Conservation Efforts in Maine

In October 2023, attorney Justin Bennett helped make significant strides in conservation efforts as he represented Frenchman Bay Conservancy (FBC) in the acquisition of the former Bar Harbor Golf Course in Trenton [Frenchman Bay Conservancy]. This acquisition marked a pivotal moment in preserving vital coastal wetlands and adjacent uplands, ultimately shaping the future Jordan River…

Tax Savings Tips for Maine Owners with Out-of-State Income

Tax Savings Tips for Maine Owners with Out-of-State Income

Are you a business owner in Maine with income also coming from other states? You might be sitting on a goldmine of tax savings opportunities without even knowing it. Let’s break down a complex tax strategy into simple terms so you can see how it might benefit you. Back in 2017, the government introduced a…

Navigating Tax Advantages for Your Maine Cannabis Business

Navigating Tax Advantages for Your Maine Cannabis Business

If you’re running a cannabis business in Maine, you’ve got some unique tax hurdles to jump due to federal and state laws. Let’s break down what this means for you, whether you’re thinking about starting up or you’re already in the thick of it, especially when it comes to deciding if your business should be…

Which Type of Business Entity Is Best for Me?

In this two-part series, we’ll discuss the differences in the following business entities: Sole Proprietorship, Partnership, and Limited Liability Company. Congratulations! You want to start a business. You’ve perfected a million dollar idea and are excited to hit the ground running. You’ve fine tuned your process, know who your target market is, and maybe even…