LLC Annual Report in Maryland

Every Maryland LLC (and every foreign LLC registered in Maryland) must file the Business Entity Annual Report (Form 1), which includes the business personal property return, by April 15 each year; a 60-day extension can be requested online. The filing fee for a domestic or foreign LLC is $300 (SDAT-certified family farms pay $100). A return postmarked after April 15 receives an initial penalty of 1/10 of one percent of the county assessment, plus interest of 2% of the initial penalty for each 30 days or part of 30 days it is late. Failure to file results in forfeiture of the LLC's right to do business in Maryland.

Maryland calls the registered agent a "resident agent." Every LLC must name a resident agent with a physical Maryland address (P.O. boxes are not accepted), and the agent must sign a consent to serve. SDAT's instructions say a resident agent must be either an individual who lives in Maryland and is at least 18 years old, or an active Maryland LLC or corporation. The fee to file a notice of change of principal office, resident agent or resident agent's address is $25.00 per LLC; there is no fee for a resident agent to resign.