How Much Does It Cost to Start a Small Business in Maryland?

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Overview of Starting a Business in Maryland

The cost of starting a business in Maryland varies depending on the type of business you are starting and the necessary licenses and permits. You will need to register your business with the state of Maryland, which can cost around $100 to start and $300 or more to maintain annually.

  1. Steps to Start a Business in Maryland

    • Create a business plan
    • Check zoning requirements
    • Register your business with the state
    • Obtain necessary licenses and permits

  2. Tax Requirements and Costs

    • Total license costs depend on factors like jurisdiction and business type.
    • Basic tax requirements include sales tax, state business tax, employer tax, and federal income tax.

  3. Starting an LLC in Maryland

    • The main cost of starting a Maryland LLC is the $100 filing fee for Articles of Organization.
    • An LLC in Maryland also requires a registered agent, business licenses, and insurance.

  4. Maintaining a Maryland LLC

    • In addition to startup costs, maintaining a Maryland LLC involves a $300 annual report fee, sales tax, state business tax, employer tax, and federal income taxes.
    • Appointing a registered agent costs around $100-$200 per year.

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