Registering an LLC in Maryland
To register an LLC in Maryland, the estimated processing time is 6-8 weeks. You can choose expedited processing for $50, which usually takes around two weeks. Or for $325, you can choose rushed processing for a review within three hours if submitted during business hours.
Forming an LLC in Washington DC
While both corporations and LLCs offer limited personal liability, LLC owners can also take advantage of tax benefits, flexibility, and minimal reporting requirements. Forming an LLC in Washington DC costs $99 for the filing fee. Additional costs include tax registration, certificates, and business licenses every two years.
Steps to Form an LLC in Maryland
1) Choose a name for your LLC. Check availability to avoid duplication.
2) Assign a registered agent. Learn about Maryland registered agents.
3) File the “Articles of Organization for Maryland Limited Liability Company” form with the Maryland SDAT.
4) Get an employer identification number (EIN).
5) Comply with licensing and permitting depending on your industry. You may need to obtain additional licenses and permits to operate your LLC in Maryland.
The Cost of Running an LLC in Maryland
To register a LLC in Maryland costs $100. Expect 6-8 weeks processing time. Expedited processing costs $50 more and takes 2 weeks. Rushed processing for review within 3 hours during business hours costs $325. Both LLCs and corporations offer limited liability. But LLCs also have tax benefits and flexibility.
The price of business licenses and permits in Maryland ranges from $50 – $300. If there is a requirement for a specific license or city-based permit, you must inquire with the Maryland Secretary of State. Articles of Organization costs around $100. The initial filing fee is $100, and the annual fee is $300. If you forget to pay the annual fee for your Maryland LLC, you will have a penalty of $200. However, you can check the Maryland LLC Cost for additional information.
For nearly a decade, Toni Matthews-El has published business topics ranging from cloud communication software to best steps for establishing your own LLC. In addition to Forbes Advisor, she’s published articles for Medical News Today and US News and World Report. Rob Watts.
While you can hire an LLC formation service to do the heavy lifting for you, some business owners choose to handle their LLC formation themselves. Let’s look at the 5 steps required to take your LLC from an idea to reality.
The first step in setting up an LLC in Maryland is choosing a name for your business. It’s important to choose a name that is unique and not already in use by another business.