How to Form an LLC in Maryland
Everything you need to form a Limited Liability Company in Maryland (MD). Filing fee: $100 | Processing time: 5-7 business days
Filing Fee
$100
Annual Report
$300 annually (Personal Property Return)
Processing Time
5-7 business days
Online Filing
Yes
State Income Tax
2% to 5.75% individual income tax; 8.25% corporate income tax
Steps to Form an LLC in Maryland
1
Check LLC name availability with the Maryland Department of Assessments and Taxation
2
Designate a resident agent in Maryland
3
File Articles of Organization with the Maryland Department of Assessments and Taxation
4
Pay the $100 filing fee
5
Obtain an EIN from the IRS
6
Create an Operating Agreement
7
File the Annual Personal Property Return each year
Pros of Forming in Maryland
- ✓Proximity to Washington D.C. and federal government contracting opportunities
- ✓Highly educated workforce
- ✓Strong biotech and cybersecurity sectors
Cons of Forming in Maryland
- ✗High annual Personal Property Return fee of $300
- ✗Higher corporate income tax rate
- ✗High cost of living in metro areas
Best For
Government contractors, biotech firms, and professional services near the D.C. metro area.
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