A Maryland certificate of good standing confirms that a limited liability company (LLC) or corporation was founded lawfully and is being properly maintained.
We will explore the qualifications for good standing and how to get a certificate of good standing in Maryland in our Certificate of Good Standing Maryland guide.
Request your certificate of good standing, also known as a certificate of status in Maryland, from the Department of Assessments and Taxation.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
To run a company in Maryland, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
Every Maryland LLC and company is required to submit an annual report. This report outlines your company’s finances during the previous year and confirms basic facts.
The annual report is due on April 15 of each year and is submitted with the Department of Assessments and Taxation. It may be submitted either online or by mail. The price for filing is $300.
If your company stays in good standing with the state, you may apply for a Maryland certificate of status from the Department of Assessments and Taxation. This may be done in person, via mail, or online.
While you don’t always require a certificate of compliance to operate a company in Maryland, there are a few times when you could. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Establishing a business checking account
Getting a business license in another state