View our full December 2016 Newsletter (PDF download) In this update: Changing the funeral industry * LLC or S-Corp – Why not both? * Meet an Advisor * Meet a Partner
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New Federal Reporting Requirements for LLCs and Corporations
If you have an LLC, corporation, or other entity registered through the Maine Secretary of State, you’ll want to know about your obligations under the federal Corporate Transparency Act. On January 1, 2024 the Corporate Transparency Act went into effect requiring millions of small businesses to register with the US Treasury’s Financial Crimes and Enforcement… Read more »
Spa Voyage – Biddeford, ME
Eliza was experienced in her practice, but had never started her own business. For assistance in these uncharted waters, she worked with Raynor Large, business advisor at the Maine SBDC at Androscoggin Valley Council of Governments. Raynor helped Eliza as she pitched her idea as part of the Maine Center for Entrepreneur’s Top Gun program. He helped her with her business plan and financial projections.
Bath Sweet Shoppe – Bath
An entrepreneur at heart, Jennifer DeChant had always dreamed of owning and running a small business. When her corporate job was eliminated, she took stock of her options. Was now the time to take the leap? During a pandemic? Was it just too crazy?
Wandering Goat – Union
Since 2013, Tanya Rudy and her mother Cheryl have been making handcrafted soaps from their family farm in Midcoast Maine. This mother-daughter team located in Union makes their soaps in small batches and uses only the finest quality ingredients. They combine fresh goat’s milk from their own herd with organic oils to create naturally scented… Read more »
Lorne Wine – Biddeford, Maine
Maine SBDC helped this couple to complete their business plan and access financing to start their new wine business Lorne Wine in Biddeford, Maine.
Business Highlight: Autotronics – Frenchville & Bangor
Autotronics approached Maine SBDC Business Advisor Josh Nadeau looking for help in restructuring some current loans as well as funds to help build a new state of the art paint facility at their headquarters in Frenchville, Maine.
David Jacobson Glass – Montville, Maine
David Jacobson has worked with Maine SBDC Business Advisor David Hill since 2004. Jacobson, a successful cartoonist and glass blower, had just moved to Maine from New York City and wanted to establish his own studio in Montville.
September 2016 Newsletter – Lost Valley’s success, creating a working business plan and more
Lost Valley’s new future, How to create a working business plan, meet Maine Technology Institute, meet Business Advisor Jane Mickeriz.
U.S. SBA & Maine SBDC Tours Small Business Successes in Bucksport
On August 16, 2017, leaders from the Maine District Office of the U.S. Small Business Administration (SBA) joined the Maine SBDC on a tour of recent small business successes as part of a grant initiative in the Bucksport Bay Area.