A common business form that combines the adaptability of a partnership with the limited liability protection of a corporation is an LLC, or limited liability company. You might need to make adjustments to your company over time if you run an LLC in Maryland. You must submit an Article of Amendments to the Maryland Department of Assessments and Taxation in order to achieve this. What you need to know about the procedure is listed below.
It’s crucial to first comprehend what modifications an Article of Amendments can make. Changes to your LLC’s name, registered agent, principal office address, and members or management may be made using this form. Additionally, you can utilize it to adjust the length of the LLC or to add or remove a specific business objective.
You must receive a form from the Maryland Department of Assessments and Taxation in order to submit an Article of Amendments. On their website, you can download the form, or you can ask for a paper copy to be mailed to you. The form will request details regarding your LLC, such as your existing name and address, the changes you wish to make, and the date on which those changes will take effect.
You must return the form, along with the required filing fee, to the Maryland Department of Assessments and Taxation when you have completed it. The cost to file an Article of Amendments is $100 as of 2021. You have three options for submitting your form and payment: online, by mail, or in person at the Department’s Baltimore office.
In Maryland, does your LLC need to be renewed annually? LLC owners in Maryland must submit an Annual Report to the Department of Assessments and Taxation along with any appropriate Article of Amendments. Detailed information about your LLC, including your current name and address, registered agent, and principal office address, is included in this report, which is due by April 15 of each year. Additionally, there is a $100 filing charge for annual reports.
It’s crucial to understand that submitting an annual report does not result in the renewal of your LLC’s state registration. Every five years, LLCs in Maryland must file a Personal Property Return and pay the required amount to renew their registration. This procedure makes sure that your LLC keeps its legal protections and is in good standing with the state.
In conclusion, Maryland LLC owners have crucial obligations, including filing an Article of Amendments and an Annual Report. You can make sure that your LLC continues to run efficiently and in accordance with state law by keeping your business information current and renewing your registration as necessary.