An Ultimate Guide To Set Up a Limited Liability Company in the State of Maryland for US Residents or Not!
Starting a new business is exciting and challenging. Deciding a most appropriate business structure is very important to save taxes and provide protection to your business and personal assets. A Limited Liability Company in Maryland is considered a reasonable structure to operate the business. It is flexible, easily manageable and cost effective to incorporate in the State of Maryland.
The following checklist provides a convenient starting poin to Set Up an LLC in Maryland:
LLC Name Search:
- Name of the Limited Liability Company must be distinguishable with the State Database, because a duplicate name cannot be registered as an LLC in Maryland. The Maryland entity name must be searched with the Maryland Department of Assessments and Taxation.
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Business entity filings made with the Department of Assessments and Taxation are in this database can be checked either by a name or Department ID Number.
Maryland Limited Liability Company Name Reservation
You can also reserve the LLC name prior to filing an Articles of Organization to register. Maryland LLC name reservation is valid for 30 days only, and it does not give you a right either to advertise or operate your business in the state of Maryland.
Processing Time
Current State processing time is 1-2 working days register an LLC.
Required Information to Create an LLC in Maryland
- The name of the Limited Liability Company
- The purpose for which the LLC is created
- Address of the Limited Liability Company (PO Box is not acceptable)
- The registered agent name and address. The registered agent address can either be a person or a commercial entity is registered with the Maryland Department of Assessments and Taxation.
- Signature of authorized parties
Employer Identification Number
The Internal Revenue Service issues a unique EIN for each entity to file taxes and open bank account.
Sales and Use Tax Maryland
All businesses are registered in Maryland providing taxable products and services are required to register for the sales tax with the Comptroller of Maryland.
Business Licenses and Permits
Businesses are registered in the state of Maryland may require a business license or permit to start a business. You are requested to contact to the Comptroller of Maryland for the following listing licenses.
- Exhibitors Affidavit
- Chain Store License
- Construction License
- Liquor License Renewals and Transfers
- Peddlers License
- Scrap Metal Processor Junk Dealer and Agent License
- Storage Warehouse License
- Traders License
- Transient Vendors License
- Vending Machine License
- Slot Machine Licenses
Eligibility of a Foreigner to Set Up Business in Maryland
A non US resident whether is physically present in the USA or not can open an LLC in USA in any fifty states including District of Columbia and Puerto Rico. A social security number is not required to establish an LLC in Maryland.
