Maryland LLC Annual Report
LLCs formed in Maryland need to file this report with the Maryland Secretary of State each and every year. i.e., annually. Read about how to file this report.
File report online
Visit the official state government’s website to submit annual report online.
Visit Maryland official website
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Limited liability
Personal assets are protected for people with limited liability when they are sued.
Corporation
A business entity that can issue shares and give limited liability to shareholders.
Members
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Sole proprietorship
Where an individual engages in business activity without formal organization.
Why file the report?
Maryland LLC Annual Report
An annual report is used to keep an LLC’s contact information up-to-date and to stay in good standing with the Secretary of State.
Filed every year
Each and every LLCs formed in Maryland must file this report every year.
Update your business information
The annual report is primarily used to update business data such as the nature of business activity, gross sales transactions, and the status of business personal property.
File online or via mail
Annual report can be filed either online or by mail.
Change in Address
You can also change your company mailing address by updating it on the annual report when it is due.
Maryland actions
Here are some of the actions business owners can take in Maryland:
How to file Annual Report in Maryland?
Follow these steps:
1. Visit official website
Every Maryland LLC is required to file an Annual Report each year. Every year April 15 is the due date for your Maryland LLC annual report.
Due
annually by April 15
The Annual Report must be postmarked, complete and compliant, before April 15 to avoid late fees.
LLC Annual Report
Every LLC has to file this report in Maryland to stay compliant with the state laws.
Filing Annual Report
Maryland LLC is expected to file this report annually
File it online on Maryland State Dept. of Assessments website
Visit
Mail a form to Maryland State Dept. of Assessments website
PDF
Address
Department of Assessments and Taxation
Taxpayer Services Division
P.O. Box 17052
Baltimore, MD 21297
Online fee
$300
Mailing fee
$300
Failure to pay
If you file your report late, Maryland will charge you 1/10 of a percent of your property value. There is an extra two percent interest for every 30 days that your return is filed late. Failure to file will result in your business being assessed at twice the originally estimated value, so your late fees will be doubled, or your LLC may be dissolved.
Note
It is due annually and must be postmarked by April 15.
Articles of Organization
In Maryland, Articles of Organization is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Articles of Organization
There are a couple of ways to file
Address
Department of Assessments and Taxation
301 W. Preston Street
Baltimore, MD 21201
Online fee
$100
Online processing time
5 - 7 days
Mailing fee
$100
Mail processing time
4 - 6 weeks
Entity name
Every LLC should have a unique name in Maryland. Maryland maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the Maryland business entity search tool to see if the name you want is available.
Searching fee
Free
Reservation
You can reserve a name for your LLC for a specific duration by paying reservation fees to the Maryland department of assessments and taxation business services. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
Reservation fee
$40
Reservation period
30 days
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
Maryland Code §1-502(b)
Visit
Here are some of the guidelines in simple language:
- 1
The name of a limited liability company must include: (1) The words "limited liability company"; (2) "L.L.C."; (3) "LLC"; (4) "L.C."; or (5) "LC".
- 2
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
- 3
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
- 4
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC Annual Report in Maryland
It is very important to maintain full compliance in Maryland. Filing these reports helps you protect your personal assets by maintaining limited liability and also to be in good standing with the state. Read our guides to learn how to start and manage a business in Maryland.
Maryland LLC
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