The following table sets forth a summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly changing.
It’s a good idea to do a reality check with the Secretary of State’s office to confirm that the information is still current.
|Secretary of State Contact Information||Maryland Secretary of State|
301 West Preston Street
Baltimore, MD 21201
(410) 974-5190 (fax)
|LLC Filing and Assistance Website Address||www.sos.state.md.us|
|LLC Filing Fees||The fee for filing Articles of Organization is $100. Foreign LLCs wishing to conduct business in Maryland must file a Limited Liability Company Registration and submit a $100 filing fee with the Division.|
|LLC Name Reservation Information and Fees||Organizers may reserve a name by filing a written request and a payment of $25 with the Division.|
|Link to Get LLC Formation Forms||www.dat.state.md.us/sdatweb/sdatforms.html|
|Periodic LLC Reporting Requirements||Maryland LLCs and qualified foreign LLCs must file an annual Personal Property Report (Form 1) no later than April 15. The annual report fee recently increased to $300.|
|Link to Get LLC Tax Forms||http://business.marylandtaxes.com/taxforms/default.asp|
|LLC Tax Summary||LLCs must file Maryland’s Pass-Through Entity Income Tax Return (Form 510). Generally the return is made for informational purposes only, however LLCs are required to pay the personal income tax on behalf of non-residents at a rate of 4.8%.|
|LLC Statute||Title 4A of the Corporations and Associations Section of the Maryland Code.|
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Michael Spadaccini is the author of 8 books on self-help legal matters such as, Ultimate LLC Compliance Guide: Covers All 50 States (Ultimate Series), Ultimate Book of Forming Corps, LLCs, Partnerships & Sole Proprietorships, and Ultimate Guide to Forming an LLC in Any State, Second Edition (Ultimate Series).
You can view his Amazon Author Profile Here.