How To Form an LLC in Maryland

It is possible to form an limited liability company in the state of Maryland.A resident can apply for a domestic limited liability company license to operate a business in Maryland.It is important to follow the correct processes for establishing your business.

Step 1: Pick a business name.

The most important part of the process is this.If you decide on a name, you should check to see if it’s available with the search tool.L.L.C. is one of the following at the end of each business name.The company is called L.C.L C.

Step 2: You need to fill out the articles of organization.

The articles of organization are what you will need to fill out the application for.It’s important to fill in every question.The purpose address of the company must be in MD and not a PO Box, as well as the registered agent’s name and address.

Step 3: You should submit your articles of organization.

The articles need to be submitted by mail.Regular processing can take up to 8 weeks.If you fax completed forms with credit card payment information, they will be charged an expedited service fee.The $100 filing fee is payable to the State Department of Assessments and Taxation.At the time of filing, you will need to pay $20 for a Certificate of Status and $1 for each page of your documents.The Charter Division of the State Department of Assessments and Taxation can be reached at 301 W.Preston Street, Baltimore, MD 21201-2395.

Step 4: Extra money is paid for expedited service.

Expedited service should be completed within 7 business days if you don’t want to wait 8 days for the standard processing time.If you want your forms expedited, add $50 for each document.If you are in line before 1:45PM, you can hand-deliver documents.

Step 5: A registered agent should be appointed.

The registered agent must be appointed at the time of the Articles of Organization filing.Any notice or demand that is served upon the company is designated by this person as legal process.The agent is responsible for sharing information with the company.Any Maryland citizen who is over eighteen can be the agent.The agent needs to have a street address in Maryland.

Step 6: An operating agreement can be created.

At the time of filing your articles, it is highly recommended that you establish an operating agreement.There is a sample operating agreement here.Details about company management and members should be included in the operating agreement.

Step 7: You should check your mail.

You will get a reply in the mail.The filing takes about 8 weeks without expedited service.

Step 8: You need to apply for an EIN Tax ID Number.

You need to apply to the IRS for a tax id number if you think you will be opening a bank account under the name of your company.

Step 9: You need to apply for business licenses.

If you want to do business in the state of Maryland, you need to get a local or state license.The type of licensing you will be required to maintain depends on the nature of your company and location.

Step 10: You can file a personal property return.

The Department of Assessments and Taxation has a Personal Property Division.This is an annual report on your business.The form can be found here.Instructions for filling out the form can be found here.The PPR must be filed by mail by April 15.The filing fee is separate from the tax liability.The forms should be mailed to the Personal Property Division of the Maryland Department of Assessments and Taxation.There is a PO Box in Baltimore, MD.