You must register a trade name with the state of Maryland if you’re opening a business there. A trade name is distinct from your formal business name and is the name under which you will conduct business. A step-by-step tutorial for registering a trade name in Maryland is provided below.
Choosing a name that is available is the first step in registering a trade name. To see if the name is accessible, consult the website of the Maryland Department of Assessments and Taxation (SDAT). Remember that the name ought to be distinct and not too similar to other companies in the state.
Step 2: Submit an application After deciding on a name, you must submit an application to the SDAT. Both online and mail applications may be submitted. Information like your legal business name, the trade name you’re registering, and your contact details are required. The cost to register a trade name varies depending on how the application is submitted.
Third Step: Post a Notice Following the submission of your application, you must publish a notice of your trade name in your neighborhood’s newspaper. State law in Maryland requires this. You will receive an affidavit of publication from the newspaper once the notice has been published. This affidavit must be delivered to the SDAT.
Step 4: Renew Your Business Name Once your trade name has been registered, you must renew it every five years. Your trade name may be renewed online or by mail. Depending on how you renew your trade name, there is a price associated with it. Maryland’s domestication of the LLC
LLCs may be domesticated in Maryland. Transferring your LLC from one state to another is known as domestication. You must submit articles of domestication to the SDAT if you want to domesticate your LLC in Maryland. Additionally, you must file articles of termination with the state from which you are moving.
In Maryland, your LLC must be renewed annually. The date for renewal is always April 15th. Your LLC can be renewed online or by mail. Your LLC must be renewed, and the cost varies based on how you do it. What Separates a Trade Name from a Business Name? Your company’s trade name is the name you use to conduct business. The phrase “doing business as” (DBA) is another moniker for it. When you create your business entity, you register a business name with the state as the official name of your company. If you register an LLC with the name “Acme LLC,” but you run your company under the name “Acme Consulting,” “Acme Consulting” is your trade name. In Maryland, you can change the name of your company.
You must submit articles of amendment to the SDAT in Maryland if you want to modify the name of your company. The amendment can be sent in by mail or online. You must include your contact information as well as the names of your current and new businesses. The cost to submit articles of modification varies depending on how you submit them. Your new business name will be registered with the state after the amendment is authorized. You must also change your name in your company records and inform any pertinent government organizations, clients, and suppliers.