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hi there are you a business owner who has recently received a notice from the state stating that your charter for your llc or your corporation has been forfeited im catherine taylor the lawyer for business owners and im going to explain for you what you should do if you receive such a notice so first thing dont panic so basically your charter for your llc or your corporation is approval by the state for you to do business in the state the state can revoke that approval or forfeit that approval for a couple of reasons the main reasons especially here in maryland why a charter can be forfeited is for number one failure to file an annual report which is an easy thing to do you can do it online or failure to pay personal property taxes this is business personal property taxes that are due if you fail to do either of those youre going to get a notice from the state stating that your charter is forfeited again dont panic what you need to do is first find out why the charter was forfeit
