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How to File a Maryland Annual Report

How to File a Maryland Annual Report

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How to File a Maryland Annual Report

One of the requirements of maintaining a Limited Liability Company (LLC), corporation, Limited Partnership (LP), or Limited Liability Partnership (LLP) in Maryland is filing an Annual Report.  The Annual Report is used to confirm and update the company’s information each year with the Maryland State Department of Assessments and Taxation (SDAT).Related: How to form an LLC in Maryland​In addition to the Annual Report, if your business owns, leases, or uses personal property ​located in the state or maintains a trader’s license, a Personal Property Tax Return will also need to be filed.Who Needs to File an Annual Report?Domestic and foreign corporations, LLCs, LPs, and LLPs, are required to file an annual report each year after the year the company was formed.

What is Needed to File a Maryland Annual Report?

You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Maryland State Department of Assessments and Taxation’s website, the Maryland Business Express, otherwise, you can fill out the Annual Report form by downloading and filling out the Annual Report – Form 1.

The report asks for information such as:

  • Business name
  • Principal office address
  • Department ID Number – Find your State Department of Assessments and Taxation’s Department ID Number.
  • Federal Employer Identification Number
  • Nature of the Business
  • Name and address of the officers, directors, members, and/or managers
  • Amount of gross sales in Maryland

Maryland Annual Report Fee

The Annual Report filing fee in Maryland is $300.

Annual Report Due Date

The Annual Report deadline is by April 15th each year. 

The first annual report isn’t due until the year following formation. For example, if your LLC or Corporation was formed on January 1, 2021, the deadline for the first Annual Report will be April 15th, 2022. 

The State Department of Assessments and Taxation’s office sends a reminder in advance of the Annual Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it. 

Annual Report Filing Service

If you would rather use a service that guarantees the annual report is filed on-time, check out the annual report filing service through Northwest

My business made little or no money.  Do I still have to file the Annual Report?

Even if your Corporation or LLC received no income or had no business activity, the Annual Report is still required to be filed.

What happens if you don’t file the Annual Report on time?

If the Annual Report isn’t filed on time, a late fee penalty will be assessed.  At a minimum, if the report is:

  • 1-15 days late – $30 minimum fee
  • 16-30 days late – $40 minimum fee
  • 31 or more days late – $50 minimum fee

Eventually, without paying the Annual Report, the business entity will be administratively dissolved by the State Department of Assessments and Taxation.

Maryland State Department of Assessments and Taxation Contact Information

The mailing address for the Maryland Annual Report is:

Maryland State Department of Assessments and Taxation
PO Box 17052
Baltimore, MD 21297-1052

If you have questions, they can be contacted at (410)-767-1184.

Author

  • Greg Bouhl

    With over two decades as an entrepreneur, educator, and business advisor, Greg Bouhl has worked with over 2,000 entrepreneurs to help them start and grow their businesses. Fed up with clients finding and acting on inaccurate and outdated information online, Greg launched StartUp101.com to be a trusted resource for people starting a business.

How to File a Maryland Annual Report

How to File a Maryland Annual Report

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