A. File Artcles of incorporation for Maryland Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the Maryland Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Maryland. Click here for a free quote on our Maryland business incorporation services.
B. S Corporation Filings for Your New Maryland Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in Maryland, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in Maryland to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. Maryland S-Corporation Election form
Maryland does not require s-corporations to file a seperate s-corporation election form with the state.
C. Get Your Maryland Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Maryland.
1. Combined Registration Application
If you have questions or need help filling out the form, call the Maryland Comptroller at 410-767-1313 (in Baltimore) or toll-free anywhere else in Maryland at 800-492-1751.
2. State and Local Business Licenses
A State of Maryland business license is required for many businesses, including retailers and wholesalers. A trader’s license is required for buying and reselling.
Some of the businesses that require licenses in Maryland are: amusements, auctions, chain stores, construction, dry cleaners, farm machinery, garages, hawkers and peddlers, junk dealers, plumbing and gas fitters, restaurants, retail stores, storage warehouses, traders, and vending machines.
Check with the Clerk’s Office in the county in which your business is located to determine if you need a license. You can also log on to the Department of Business and Economic Development’s Business Licensing and Information System at http://www.blis.state.md.us/
3. Personal Property Returns
All businesses incorporated in Maryland must file a Personal Property Return which reports any business property owned or leased by the entity during a particular year.
This return is required even if the business owns no property in the state or has not conducted any business activity during the year.
This report will be mailed to you prior to the filing deadline. For more information, log on to www.dat.state.md.us.
4. Annual Reports
All Maryland business entities are required to file an annual report. The annual fee is $300.
The report will be mailed to you by the state prior to the due date. If you have questions, log on to www.dat.state.md.us .
Surely, the list above is not everything you will need to do once you incorporate a business in Maryland. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in Maryland, we’d love to help.
