You must submit Articles of Incorporation or Articles of Organization to the Maryland Department of Assessments and Taxation in order to get a Maryland SDAT number. For LLCs and LPs, the filing fee for articles of organization is $100, while the charge for articles of incorporation is $100.
You will be given a Maryland SDAT number once your articles of incorporation or articles of organization have been filed. To keep your company in good standing, you can use this number to submit your yearly report and pay your franchise tax.
If your company is not in good standing, it signifies that you have not kept up with the yearly obligations for keeping your Maryland business registration current. Failure to submit your yearly report or pay your franchise tax could be the cause of this.
If your company is in good standing, it indicates that it complies with all of the conditions set forth by the state of Maryland for keeping your business registration. This entails submitting your yearly report and paying your franchise tax on time each year.
You can utilize the Maryland SDAT website to look for your company by name or SDAT number to find out the status of your LLC. You can do this to see the status of your business registration and any obligations that still need to be fulfilled in order to keep your good standing.
The cost of a letter of good standing varies depending on the kind of company and the period of time it covers. A good standing letter costs $40 for an LLC or LP for a one-year period and $60 for a two-year period. The cost for corporations is $20 for a one-year subscription or $30 for a two-year subscription.
A certificate of good standing in Maryland is effective for 60 days from the date of issuance. A fresh certificate must be obtained after that point.