In Maryland, the cost of forming an LLC (limited liability corporation) online is $100. When the LLC’s Articles of Organization are filed, this charge is paid to the Maryland Department of Assessments and Taxation.
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How Much Does a Maryland LLC Cost?
Fee for Maryland LLC Online Filing: $100
The major expense of forming an LLC is the $100 charge for filing your Articles of Organization with the Maryland Department of Assessments and Taxation online.
Fee for Maryland Annual Report: $300
LLCs in Maryland must submit an annual report and pay a franchise tax with the Secretary of State.
This form may be submitted online using the Maryland Business Express website. The deadline is April 15. Every 30 days when the return is late, Maryland assesses a penalty of 1/10 of 1% of the county assessment, plus 2% interest.
Fee for Registered Agent
In Maryland you may be your own registered agent, but employing a registered agent service helps maintain your firm in compliance and reminds you of critical filing dates and prevent late fines.
How Much Does it Cost to Form a Foreign LLC in Maryland?
If you currently have an LLC established in another state and want to expand into Maryland, you must register your LLC as a foreign LLC in Maryland.
A foreign LLC in Maryland must be registered for $100. A foreign LLC may be registered in Maryland by submitting a Foreign Limited Liability Company Registration form online, via mail, or in person.
Permits and Licenses for Businesses
Depending on your industry and geographic area, your company may need federal, state, and municipal permits/licenses to operate lawfully in Maryland. This is true regardless of whether you create an LLC or another sort of company structure.
With our guide to acquiring a Maryland business license, you can learn more about state and municipal licensing.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
Reservation of an LLC Name:
Fill out a Corporate Name Reservation Application and pay the $25 filing fee to reserve your name for up to 30 days prior to LLC formation.
Re-Reservation of the LLC Name:
To secure your name for an extra 30 days, file a Corporate Name Reservation Application for Re-Reservation and pay the $25 filing fee.
DBA (Doing Business As) Name:
To establish a name different than your official LLC company name, file a Trade Name Application online and pay the $25 filing fee. This may also be done by mail or in person.
Documents that are certified:
Order certified copies of your Maryland business paperwork from the Department of Assessments and Taxation for $20 + $1 per page.
Status Certificate:
This document, also known as a Maryland certificate of good standing, may be obtained by ordering from the Department of Assessments and Taxation and paying the $20 charge. Banks and lending institutions often demand a certificate of status.