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A Maryland annual report, also known as a personal property return report, is a comprehensive report that a business files every year. It includes information on the businesss activities during the prior year.
All legal business entities formed, qualified, or registered to do business in Maryland MUST file an Annual Report: Legal business entities (Corporations, LLC, LP, LLP, etc.), whether they are foreign or domestic, must file a Form 1 Annual Report (fees apply) Credit Unions must file a Form 3 Annual Report (fees apply)
An Annual Report must be filed by all business entities formed, qualified or registered to do business in the State of Maryland, as of January 1st. Failure to file the Annual Report may result in forfeiture of the entitys right to conduct business in the State of Maryland. The deadline to file is April 15th.
Maryland Annual Report Due Dates and Fees Maryland Annual Report Fee ScheduleBusiness TypeCostDue DateCorporations foreign and domestic$300*April 15LLCs foreign and domestic$300*April 15Nonprofits, Cooperatives, and Religious Corporations$0*April 153 more rows
Maryland has a 8.25 percent corporate income tax rate. Maryland has a 6.00 percent state sales tax rate and does not levy any local sales taxes. Marylands tax system ranks 46th overall on our 2023 State Business Tax Climate Index.

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Forming an LLC in Maryland costs $100, but there are additional fees to consider. All Maryland LLCs must file an annual report and pay a $300 annual fee. If your LLC owns, leases or uses personal property in Maryland, you must also file a personal property tax return.
$300 + processing fee of $3 for echeck or $9 for credit card if filing online. Due: Annually; must be postmarked by April 15. Reports may be filed as early as January 1.

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