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How to File an LLC Annual Report in Maryland

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Edited by:

Reviewed by: Daniel Javor

Published on July 10, 2022

Updated on November 20, 2022

How to File an LLC Annual Report in Maryland

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How to File an LLC Annual Report in Maryland

In Maryland, your LLC is legally required to file an annual report with the state. Failure to do so can lead to fines and even the closure of your business, so it’s crucial that you stay up-to-date. 

What Is an Annual Report?

Your LLC must file an annual report, also known as a statement of information, with your state to keep your company in good standing. 

Who Needs to File an Annual Report?

Any business that is legally registered with the state of Maryland must file this report, which includes detailed information about your business. 

How to File a Maryland Annual Report

In Maryland, the annual report is filed with the State Department of Assessments and Taxation. You can file online by visiting the Business Express webpage and taking the following steps. Note that if you don’t already have a Business Express account, you’ll need to create one to file online.

  1. Log in to your Business Express account and click Start a New Filing from the dashboard.
  1. From the blue drop down menu, choose File an Annual Report/Personal Property Return. Click Start Your Report/Return Here. Make sure you have your Department ID handy, as you’ll need it for the next step.
  1. Enter your Department ID and move through the rest of the prompts to complete the form.
  1. Pay the $300 fee and file your report. 


Alternatively, you can download and complete a paper form

Mail your completed documentation and a check for your $300 filing fee to:

Maryland State Department of Assessments and Taxation
Business Services Unit
P.O. Box 17052
Baltimore, Maryland 21297-1052

In Maryland, annual reports are due by April 15th each year. The penalty for filing late depends on how many days it is past due. The base late fee is $30 with a maximum of $500. 

The penalty for failing to register a report altogether is potential dissolution of your LLC. To request a 60-day extension, complete an application with the State Department of Assessments and Taxation.  

state map of maryland, usa

Filing Fee

As mentioned above, the fee for filing an annual LLC report in Maryland is $300. 

What Happens After I File my Maryland Annual Report?

After you file your report, you will receive a notification of any errors or omissions, or confirmation that your report has been filed. If you receive a notification, it’s crucial that you respond quickly and address any errors in order to avoid penalties.  

Conclusion

Filing an annual report is a requirement for LLCs in Maryland, so it’s critical that you take the time to accurately fill out the form and file with your state in a timely manner. This will ensure your company is allowed to operate uninterrupted and with no legal penalties.