What is the state filing fee to form an LLC in Maryland?

The one-time state filing fee to form an LLC in Maryland is $150.

Are there any annual fees for a Maryland LLC?

Yes, LLCs in Maryland are required to file an annual report with a fee of $300.

How long does it take to get an LLC approved in Maryland?

The official processing time for an LLC in Maryland typically ranges from 1 to 10 business days.

Can I form an anonymous LLC in Maryland?

No, you cannot form an anonymous LLC in Maryland.

What are the main advantages of forming an LLC in Maryland?

The main advantages of forming an LLC in Maryland include limited liability protection of personal assets, flexible management options, a simple tax structure, and increased business credibility.

What are the potential disadvantages of an LLC in Maryland?

The potential disadvantages of an LLC in Maryland include a relatively high annual report fee of $300 and potential penalties for late filing of annual reports. Additionally, there is a personal property tax if the LLC owns, leases, or uses personal property in the state or has a trader’s license.

Maryland LLC: Key Data, Fees & Features

Your complete overview of $Maryland LLC costs, pros & cons, and key regulations. Make an informed decision with our up-to-date data.

State Filing Fee

$150

Processing Time

1-10 days

Annual Report Fee

$300

Anonymous LLC

Publication

Advantages

Limited liability protection of personal assets
Flexible management options
Simple tax structure
Increased business credibility

Disadvantages

Relatively high annual report fee of $300
Potential penalties for late filing of annual reports
Personal property tax if the LLC owns, leases, or uses personal property in the state or has a trader’s license

Franchise Tax & State Requirements

Annual reports are due by April 15th each year.

Maryland Personal Property Tax: If your LLC owns, leases, or uses personal property in the state or has a trader’s license (required for buying and re-selling goods), you will need to submit a Maryland Personal Property Tax Return with your annual report and pay the applicable personal property tax. Your Business Personal Property Taxes will be determined by the value of your business property and the county (or counties) in Maryland where you do business.