Lawyers in Libraries program at Carrabassett Valley library May 2

CARRABASSETT VALLEY — Steve Arner of Western Maine Law LLC will be talk about how to start your own business at 4:30 p.m. Wednesday, May 2, at the Carrabassett Valley Public Library, 3209 Carrabassett Drive.
The talk 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, and will explain the key differences between the different forms of business entities, with respect to liability and asset protection, taxation, costs of operation and operation.
Arner will walk participants through 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.
As with his previous presentation on advance health care directives, Arner will explain how these tasks can be accomplished without a lawyer.
For more information, visit lawyersinlibraries.org or call the library at 207-237-3535.
The program is free and open to the public.