Maryland LLC Formation
If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Maryland is easy, fast, and affordable.
| Maryland LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| Maryland Filing Fee | $196.73 |
| Total | $295.73 |
Naming the LLC
The LLC name must contain a designator: “limited liability company” or “limited company” or the abbreviations “L.L.C.” or “LLC”. The LLC name can not contain the words “association”, “corporation”, “incorporated”, or an abbreviation of those words.
Required Information
You will need to provide the name of your LLC, the Registered Agent’s name and physical address, the business purpoase of the LLC, and the name of the organizer (the person forming the LLC).
Steps to Forming an Maryland LLC
- Complete the TotalLegal online interview.
- TotalLegal performs an LLC name availability search.
- TotalLegal will file your LLC with the Maryland Secretary of State.
When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Maryland.
Maryland LLC Advantages
- TotalLegal automatically expedites your filing online, so Maryland LLCs are usually approved in 5-7 business days.
Maintaining an Maryland LLC
It’s not hard at all. LLCs are required to file an Annual Report with the Maryland Department of Assessements and Taxation each year. The Annual Report is due by April 15 each year, and the filing fee is $300. The report and fee can easily be filed and paid online.
Making Changes to Your LLC
Most changes you need to amend your LLC and/or change your Registered Agent or members can be done online, and the fees range from $25 to $100.
Why use TotalLegal?
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Maryland very easy.