One of the crucial procedures you must take if you want to launch a business in the state of Maryland is submitting articles of incorporation to the Maryland Department of Assessments and Taxation. This legal document establishes your company as a corporation and provides important details about it, such as its name, goals, and organizational structure. This information will help you get started.
You must decide on a name for your corporation before you can submit your articles of formation. Make careful to conduct a name search on the Maryland Business Express website to confirm that the name you choose is accessible because it must be distinct from other businesses registered in Maryland.
Create Your Articles of Incorporation in Step 2 The following details ought to be in your articles of incorporation: The following information must be provided:
– The name and address of your corporation
– The nature of your corporation
– The name and address of your registered agent (the person or business authorized to receive legal documents on your corporation’s behalf)
– The number and type of stock shares your corporation is permitted to issue
– The names and addresses of your initial directors
The next step is to submit your articles of incorporation. Your articles of incorporation can be submitted to the Maryland Department of Assessments and Taxation once they have been written. There is a $100 filing fee, and you can file online or by mail. Include a cover letter with your contact details and money if you decide to file by mail. Obtain Your Certificate of Incorporation in Step Four
The Maryland Department of Assessments and Taxation will issue you a certificate of incorporation once your articles of incorporation have been processed and authorized. The legal status of your corporation in the state of Maryland is formally established by this document.
A revision to the articles of incorporation that you submitted to the state is known as an article amendment. If you want to rename your corporation, add or remove directors, change your registered agent, or make other substantial changes to your business structure, you might need to submit an amendment. You must submit a form and payment to the Maryland Department of Assessments and Taxation in order to file an article amendment.
In conclusion, submitting articles of incorporation is a crucial step in launching a business in Maryland. To guarantee that your company is set up legally and successfully, it’s crucial to follow the right procedures and requirements. You may position your business for success in the state of Maryland by selecting a distinctive name, creating comprehensive articles of incorporation, completing your paperwork, and making any required revisions.