LLC Cost in Maryland
Last Updated: By TRUiC Team
Maryland LLCs are relatively inexpensive — especially when you consider that an LLC can protect your personal assets and help grow your business. That’s why forming an LLC is the best choice for most small businesses.
The cost to form an LLC in Maryland is $100. This covers the primary cost of officially registering your LLC with the state.
Read our LLC Cost in Maryland guide below to learn more about LLC costs and other fees associated with all Maryland businesses.
Save Time with a Professional Service:
You can form an LLC yourself and save a little money or use a professional service and save a lot of time.
Northwest ($29 plus state fees)
How Much Is an LLC in Maryland?
Maryland LLC Filing Fee: $100
To form an LLC in Maryland, you'll need to file the Articles of Organization with the Maryland Department of Assessments and Taxation. The Maryland Department of Assessments and Taxation charges a $100 fee to process and record this document online, by mail, or in person.
You can complete this process yourself with our How to Start an LLC guide or use an LLC formation service.
Resident Agent Fee
Every Maryland LLC must appoint a resident agent, known as a registered agent in most states. Your Maryland resident agent must be a resident of Maryland and must be available to receive service of process during normal business hours at a designated street address.
You can be your own resident agent in Maryland, or you can use a registered agent service for a minimal cost.
Recommended: Get free registered agent services for one year when you form an LLC with Northwest.
Maryland Annual Report Fee: $300
Maryland requires LLCs to file an annual report with the Secretary of State each year. The annual report must be filed online for $300 by April 15 each year.
Cost to Form a Foreign LLC in Maryland: $100
LLCs registered in another state that want to expand into the state of Maryland must register as a foreign LLC in Maryland.
The cost for registering a Maryland foreign LLC is $100. You can register a foreign LLC in Maryland by filing a Foreign Limited Liability Company Registration form.
Business Licenses and Permits
Your business might need federal, state, and local permits/licenses to legally operate in Maryland, depending on your industry and geographical location. This is true whether you form an LLC or any other type of business structure.
Learn more about state and local licensing in our Maryland business license guide.
Other Maryland Business Filing Fees
There are fees associated with other, optional business filings in Maryland.
‘Doing Business As’ (DBA) Name
When an LLC is registered with the state, the LLC’s name is also officially registered. Some business owners choose to also file for a DBA name, known as a trade name in Maryland.
You can file a Trade Name Certificate with the Maryland Secretary of State and pay the $25 filing fee to create a name other than your legal LLC business name.
Learn more in our Maryland DBA guide.
Certified Document Copies
You can get certified copies of your Maryland business documents by ordering through the Department of Assessments and Taxation and paying $20 plus $1 per page.
Certificate of Status
Also known as a Maryland Certificate of Good Standing, you can obtain this document by ordering online through the Department of Assessments and Taxation and paying the $20 fee.
A Certificate of Status is often required by banks and lenders.
How to Start an LLC in Maryland
Forming an LLC yourself is easy; just follow the five steps below.
Five Basic Steps to Start an LLC in Maryland
Step 1: Name Your Maryland LLC
Step 2: Choose a Resident Agent
Step 3: File a Articles of Organization
Step 4: Create an Operating Agreement
Step 5: Get an EIN
Step 1: Name Your Maryland LLC
When you name your Maryland LLC, you’ll need to choose a name that:
- Is available for use in the state of Maryland
- Meets Maryland naming requirements
- Is available as a web domain
Check web domain (URL) availability with GoDaddy:
Find a Domain Now
Not sure what to name your business? Check out our free LLC name generator.
Step 2: Choose a Resident Agent
Maryland LLCs are required to appoint a resident agent to receive service of process. Business owners can hire a registered agent service or appoint any Maryland resident that is 18 years or older and is available during normal business hours at a specified address to receive service of process.
Recommended: Northwest offers one full year of registered agent services with their $29 (plus state fees) LLC formation package.
Step 3: File Maryland Articles of Organization
To form an LLC in Maryland, you must file the Articles of Organization with the Maryland Department of Assessments and Taxation. This can be done online, by mail, or in person.
For a closer look at the filing process, check out our Maryland Articles of Organization guide.
Step 4: Create an LLC Operating Agreement
Operating agreements are not required for Maryland LLCs, but it’s a good practice to have one.
An operating agreement outlines the ownership and operating procedures of an LLC, ensuring that all members are on the same page and reducing the risk of conflict down the line.
Learn more in our Maryland LLC Operating Agreement guide.
Step 5: Get an EIN
An Employer Identification Number (EIN) is a nine-digit number issued by the IRS to identify businesses for tax purposes. Think of an EIN as a Social Security number for your LLC.
To learn how to get an EIN for free, visit our How to Get an EIN Number guide.
LLC Cost in Maryland FAQ
What is the cheapest way to start an LLC in Maryland?
The cheapest way to start an LLC in Maryland is to handle the registration process individually. In order to do this, you will need to follow these steps:
- Name your LLC
- Choose a resident agent: This can be a registered agent service or an individual.
- File the Maryland Articles of Organization: The filing fee for this is $100 and can be done online, by mail, or in person.
- Create an LLC operating agreement: This is usually not a legal requirement, but it is highly recommended.
- Get an EIN: This is basically your business’s Social Security number (SSN).
How much does an LLC cost per year in Maryland?
Maryland charges $300 per year to file your LLC annual report. This report must be filed by April 15.
For a more in-depth analysis, see our How Much Does an LLC Cost? article.
How much does an LLC license cost in Maryland?
An LLC is not a business license, but a business entity. Forming an LLC in Maryland includes a filing fee of $100. There is also a $300 annual report fee.
You may be required to pay additional fees if you choose to pay for a registered agent service, an LLC formation service, or an LLC attorney.
See our How to Start an LLC in Maryland for more information on registering your business as an LLC.
Do LLCs pay taxes in Maryland?
Yes, LLCs are a “pass-through” tax entity. This means that the LLCs profits are “passed through” directly to its owner(s), who then pay income taxes independently.
This is advantageous compared to a corporation’s tax structure because it means that LLC members are not taxed twice.
Having said that, readers should keep in mind that LLCs are very flexible when it comes to how they can be taxed, and — depending on the specifics — they can choose to be taxed as a pass-through entity, a C corp, and an S corp.
For more information, see our How Is an LLC Taxed guide.
What are the tax benefits of an LLC?
The tax benefits of an LLC will depend on how you choose to be taxed, as well as on whether you are operating as a single or multi-member LLC.
Generally speaking, LLCs can choose to be taxed in several different ways, including:
- As a sole proprietorship or general partnership
- As a C corporation
- As an S corporation
See our Single-Member LLC Taxes guide for a detailed overview of the tax benefits of having an LLC as a small business.
Do I need to open a business bank account for my LLC?
Even though you do not necessarily “need” to open a bank account for your LLC, this is generally highly recommended for several reasons.
For one, having a separate bank account can allow you to maintain your LLC’s corporate veil — meaning that you will not risk losing your limited personal liability under the law. A business bank account also offers financial benefits, including the ability to build business credit more quickly and access to larger business loans.
Interested in opening a business bank account? See our review of the best banks for startups in 2023.