What is the cheapest state to start an LLC?
To form a Maryland LLC, you need to file Articles of Organization and pay a $100 filing fee. You must pay $300 per year for the Maryland Annual Report fee to the SDAT to keep your LLC in good standing. You may also need to pay an annual subscription fee to a Registered Agent service.
The main cost of forming an LLC is the fee to file your LLC’s articles of organization, which ranges between $40-$500 depending on the state. Other costs might include business licensing and permit fees.
If you use free online resources, state fees are included in the startup costs. When you choose to form your LLC, we show the actual overall costs, helping you start an LLC quickly.
Typically, the average LLC filing fee in the US is around $132, with costs ranging from $35 to $500 as of 2023.
Maryland LLC Costs
The main expense of starting a Maryland LLC is the filing fee for the Articles of Organization and the annual report fee. Additional costs may include professional licenses, business insurance, and other common business expenses.
Steps to Form an LLC in Maryland
To legally form an LLC in Maryland, you need to contact the Department of State and Department of Taxation and have a proper business structure in place beforehand. This guide outlines the business structures and walks through forming an LLC step-by-step.