How to Manage LLC Renewal in Maryland
To form LLC in Maryland, file Articles of Organization with Department of Assessments and Taxation. Cost is $100. Must renew LLC registration yearly. If fail to renew within 30 days of expiration date, LLC dissolves automatically. To dissolve LLC, file Articles of Cancellation by mail, fax or in person.
Every year, all incorporated, qualified, or registered businesses in Maryland must file Annual Report with state. Every business entity pays annual tax. Even if no business conducted, still pay yearly tax.
Maryland LLC Annual Report Filing Process
Maryland LLC Annual Report filed with Department of Assessments and Taxation by April 15 each year. Costs $300 annual fee to file, stay in good standing. File online, get extension to June 15. Avoid losing good standing status with Secretary of State.
Annual Fees and Reporting Requirements
All Maryland LLCs and corporations must submit an annual report and personal property tax return to the State Department of Assessments and Taxation. The Maryland annual report filing deadline is April 15 each year. It costs annual fees of $300 to file a Maryland annual report to stay in good standing.
If you file online and obtain an extension, you must submit your annual and personal property tax reports by June 15 or risk losing your good standing status with the Maryland Secretary of State.
The annual report filing fee in Maryland is $300 for LLCs, domestic and foreign stock corporations, foreign insurance corporations, domestic and foreign limited partnerships, and statutory and real estate investment trusts. However, these five types of entities are exempted from the filing fee: Sole proprietorship.
Your Maryland LLC must file a Personal Property Tax Return if either of the following are true: The LLC owns, uses, or leases personal property located in Maryland. The LLC has a trader’s license with a local unit of government in Maryland.
$300 is the Annual Report fee. You may owe more, depending on your LLC’s Personal Property Tax Return.
Filing the Annual Report
To form an LLC in Maryland you will need to file the Articles of Organization with the Maryland Department of Assessments and Taxation, which costs $100. You can apply online, by mail, or in-person. The Articles of Organization is the legal document that officially creates your Maryland Limited Liability Company.
The filing fee for the Annual Report in Maryland can vary based on your LLC’s status and other factors. As of my last update, the fee may range from around $300 to $400 for standard LLCs. However, fees can change, so it’s essential to check the SDAT website for the most current fee structure.
The State of Maryland requires LLC owners to file an annual personal property return (PPR), which is also referred to as an annual report by the Department of Assessments & Taxation (DAT). You cannot complete this form online, but you can download it here and should mail it by April 15 each year.