If you already have an LLC in another state and want an LLC in Maryland, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Maryland.
On this page, you’ll learn about the following:
- Forming an Maryland Foreign LLC
- Steps to Filing Maryland Foreign LLC Online
- After Forming Maryland Foreign LLC
Forming an Maryland Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Maryland, you need to register it with the Maryland Secretary of State.
Step 1: Choose Maryland Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Maryland Secretary of State. Your LLC’s legal name outside of Maryland will be listed on the application, along with the name it will use in Maryland. Take note of the requirements for naming your LLC.
Step 2: Select Maryland Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Maryland and take note that a Maryland registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Maryland Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form via email to dlmdsos_sos@Maryland.gov or by mail to Maryland State Department of Assessments and taxation, 301 West Preston Street, Baltimore, Maryland 21201-2395.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Maryland.
- Date when your LLC will start operations in Maryland.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Maryland, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Maryland Foreign LLC is taxed
Foreign LLCs are also subjected to the Maryland Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Maryland Foreign LLC Online
Time needed: 5 minutes.
When you are registering for the foreign LLC in this particular State, you will have to submit your Application for Registration of foreign LLC with the Secretary of State which costs $100. The filing must also contain a written proof of existence from your home State. It is equivalent to a Certificate of Status. After approval, you will receive a Verification Certificate from the State Office. We have explained the aspects you need to cover when you apply for Maryland Foreign LLC.
In the State of Maryland, the process of filing an application for Articles of Organization for a foreign LLC can be done online and via mail.
- Visit the official website
- Click the foreign LLC file option
Scroll down to the section containing details about “Foreign (Non-Maryland) Businesses”. Select the following option from the given list “Foreign Limited Liability Company Registration”. Click the option of “Click here to file online”.
- Create your account
If you already registered your account on the website, click on the “log in” option and proceed to fill in your login credentials and access your account. If you do not have an account, click on the “Create Account” option on the page.
- Fill in your details
Enter your information to sign up for a new account such as your First and Last name, Contact details, Email, Address, ZIP Code, and password. After creating your account credentials, you will be required to answer additional questions. Next, click on the tab “Create Account”.
- Select the business type
After creating your account, log in to your account with the username and password. Next, select the option of ‘Start a New Filing’ option on your Account Home page. Select the registration type as “Foreign (Non-Maryland) Business Types: Foreign Limited Liability Company” from the dropdown list.
- Complete the registration process
After the registration page for your Maryland Foreign LLC opens up, continue with the registration process by filling in the application for Articles of Organization.
You can also choose to file an application for registration of your limited liability company OFFLINE via mail by completing the Application form PDF and submitting it to the following address: Maryland State Department of Assessments and taxation, 301 West Preston Street, Baltimore, Maryland 21201-2395. The filing fee for offline registration is also $100 and the application should be accompanied by written proof of existence from the Home State.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Maryland.
After Forming Maryland Foreign LLC
Here are added things you need to accomplish after forming your Maryland Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
How Much Does It Cost to Register a Foreign LLC in Maryland
To register as a foreign LLC in Maryland, you can file through mail or online by paying $100 to the Maryland Secretary of State.
There are a few steps that you must take in order to register your foreign limited liability company in Maryland. First, you must choose a name for your company. Choose a name that suits your business. You should check whether your name is available to register before you do this. If you do not have time to research this yourself, you can contact a resident agent service to find the name you want. Remember to bring all your documents to registration so that the registration process will be faster and cheaper.
Once you have the name chosen, you must register it with the state. The state department will check to see if the name is already registered with another entity. If it is, choose a different name. You also must set up a registered office and a resident agent. The resident agent will accept service of process on your behalf and forward notices to the company owners. You can also register a foreign LLC in Maryland if you plan on using the name of a company in several states.
When you are ready to register your foreign LLC, you must complete the LIMITED LIABILITY COMPANY REGISTRATION form. The form can be downloaded from the SDAT website and filed online. You will also need to pay a $200 penalty if you aren’t registered yet. A Certificate of Good Standing or the equivalent document from your home state is required. If you are wondering how much it costs to register a foreign LLC in Maryland, you’re in the right place.
Once you have completed all the paperwork, you’ll need to pay an annual fee of $300. After that, you’ll need to file an annual report with the state and pay personal property taxes. If you don’t have the time to do this, consider hiring a registered agent service. This service will help you stay in compliance and will remind you of important filing deadlines. They’ll also help you avoid late fees.
If you’re planning to register a foreign LLC in Maryland, you’ll need to file the paperwork online. It’s possible to pay the fee online, but you’ll still need to provide your personal information. Then, you can access your documents online. Once the filing is complete, you’ll receive a confirmation email from the state and pay the fee online. If you’re a foreign business, you’ll want to pay an extra $50 for expedited processing.
You should file the Personal Property Return annually as required by Maryland law. In addition to filing your return, you’ll need to file a Personal Property Return, which is a state-specific form. While there’s no federal filing for this, you’ll still need to pay income tax on the income generated by your LLC. You can learn more about the process and the requirements by reading this article.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Maryland.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Maryland as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Maryland does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.