Online and Mail Filing Instructions
For online filings, click “Submit” on the Maryland Secretary of State’s online platform to complete the submission process. You will receive a confirmation of receipt upon successful submission.
For mail-in filings, send the completed form and payment to the following address…
Annual Report Compliance and Deadlines
Failing to file your Maryland LLC annual report within the specified deadline can result in severe consequences for your business. Late fees may be imposed, and your LLC may face suspension or even dissolution by the state. It is essential to stay compliant by submitting your annual report on time and ensuring all information is accurate to maintain your LLC’s good standing and avoid these adverse outcomes.
All reports and tax returns must be filed with the Maryland State Department of Assessments and Taxation.
Submission Methods and Fees
The Annual Report is a required filing for all business entities, regardless of whether the business owns property, generates income or has conducted business activity in Maryland during the preceding year. The fee for filing an annual report in Maryland is $300 for a corporation and $300 for an LLC.
If you miss the Maryland Annual Report filing deadline, the business can be declared ineligible to conduct certain official business until the report is filed, or be subject to more severe penalties. Corporations that fail to file an annual report by the deadline will incur a penalty of $300, and LLCs will face a late filing fee of $100.
Generally, the due date to file a Maryland annual report is April 15th of each year. Can I request an extension of the state of Maryland Department of Assessments and Taxation? Yes, you can request two-month extensions to file your due annual report.
Penalties for Late Filing
The filing fee for a Maryland LLC annual report is $300. If you file late, there is a $200 penalty in addition to the regular filing fee.
Maryland law requires us to charge interest at the annual rate of 11 percent during the calendar year 2019, and at the annual rate of 10.5% during the calendar year 2020. There is also a one-time penalty for unpaid tax up to 25%. What is the deadline for filing Maryland state taxes? If you file late, there is a $200 penalty in addition to the regular filing fee. Staying on top of your annual report filing is essential to avoid unnecessary penalties and maintain good standing with the state.
In conclusion, as a Maryland LLC owner, it is essential to understand the annual report requirements and deadlines to avoid late filing penalties. Remember that the due date for filing the annual report is April 15th each year. Failure to file by this date will result in a penalty of $300, increasing to $500 after July 1st.
There is also the option of filing your Maryland annual report by mail or in person.
Maryland businesses can file their annual reports through the Maryland Department of Assessments and Taxation’s online portal. When filing the annual report, it is essential to review the information carefully to ensure accuracy.
The Annual Report is a required filing for all business entities. Failure to file the Annual Report may result in forfeiture of the entity’s right to conduct business in the State of Maryland. The deadline to file is April 15th.
Filing the Annual Report after the due date can result in late fees and penalties. The late fee can be substantial, and additional penalties may accrue the longer the report remains overdue.