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
No
Publication
No
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.
Frequently Asked Questions
Transparency & Data Sources
This review was last updated on $August 19, 2025 to ensure accuracy.
