You must register your foreign LLC in Maryland if you intend to conduct business in Maryland but already have one set up in another state or nation. This procedure, referred to as international LLC registration, enables your company to function legally in the state. However, you might have certain concerns about establishing your international LLC in Maryland, such as how much it will cost, how to register, whether registration is required, and whether Maryland permits domestication of LLCs.
Let’s start by talking about how much it costs to form a foreign LLC in Maryland. A foreign LLC must pay $100 to register in Maryland. You must designate a registered agent in Maryland in addition to paying the registration cost. On behalf of your LLC, a registered agent is a person or organization that receives court documents and business correspondence. You can appoint a member of your LLC to act as the registered agent, or you can use a registered agent service. A registered agent service normally costs between $100 and $300 a year.
Let’s move on to the procedure for forming a foreign LLC in Maryland. An Application for Registration of Foreign Limited Liability Company form must be submitted to the Maryland Department of Assessments and Taxation in order to register a foreign limited liability company. You must give the name of your LLC, the state or nation in which it was created, the creation date, and the name and Maryland address of your registered agent. A certificate of registration will be provided to you after your application has been reviewed and accepted.
You might be asking at this point if registering your LLC in Maryland is required. You must register your overseas LLC if your LLC is doing business in Maryland. Having a physical presence in Maryland, such as an office or staff members, or making sales to Maryland residents, are both examples of conducting business there. Fines and penalties may apply if your LLC is not registered.
Let’s talk about whether Maryland permits domestication of LLCs last. Transferring your LLC from one state to another is known as domestication. Although domestication of LLCs is not permitted in Maryland, you can create a new LLC there and then merge your current LLC into it.
Finally, setting up a foreign LLC in Maryland is a simple procedure that just paying a registration fee and designating a registered agent there. If you want to avoid fines and penalties, you must register your LLC if you’re doing business in Maryland. Although domestication of LLCs is not permitted in Maryland, you can create a new LLC there and merge your current LLC into it.