Single Member LLC Maryland: Everything You Need to Know
Forming a single member LLC Maryland requires naming your company, filing your formation documents, and paying the required fees.4 min read
Forming a single member LLC Maryland requires naming your company, filing your formation documents, and paying the required fees. After completing these steps, your company will be formed, and you'll be able to transact business in Maryland.
Starting a Single-Member LLC in Maryland
Naming your company should be your first step if you want to set up a single-member LLC in Maryland. First, check the Secretary of State's records to make sure your name is distinguishable from other Maryland registered business names. Second, make sure your LLC name contains one of the following abbreviations or words:
- Limited Liability Company.
- Limited Company.
- LC, L.C., LLC, L.L.C.
In Maryland, you can reserve your LLC name for a 30-day period.
Next, you should draft and file your Articles of Organization. Once they are complete, you can submit your formation documents to the Department of Assessments and Taxation.
Your Articles must include the following information:
- Addresses and names of Maryland LLC organizers.
- The name of the company.
- Your Maryland registered agent's street address.
- The address of your principal business place in Maryland, which must not be a P.O. Box.
When filing your Articles, you will need to pay a $100 fee.
People Within Your LLC
The organizers of your LLC are the people who do the work necessary to form your company. In Maryland, there must be at least one organizer, and this person does not need to serve a role in the company after formation is complete. LLCs in Maryland also must have at least one member. The sole member of an LLC in Maryland doesn't have to meet any age requirements, and you do not have to name them in the Articles of Organization.
LLCs in Maryland must have a registered agent that will receive legal correspondence and state notifications mailed to the business. Registered agents should have a physical street address in Maryland where they can be reached during standard business hours.