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A limited liability company (LLC) in Maryland, USA is required to pay a certain amount of taxes and fees annually to keep the business in compliance. Here are some of the essential ongoing filing requirements for Maryland LLCs.

Annual Report

Maryland requires its businesses to file an annual report (or Personal Property Return) by April 15. The filing fee is $300

Taxes

Maryland LLCs need to pay tax annually based on their nature of business and the industry they are operating in. To check what kind of tax and the exact amount of tax rates your business is filing annually, you can visit The Department of Assessments & Taxation of Maryland website for more information.

To pay Maryland’s LLC annual fees, a business can file an Annual Report online or by paper. To submit online, go to the Maryland Business Express website and follow the filing instructions. To submit by paper, download the form from the Maryland Departmental Forms & Applications website. For a quick and easy solution, a Registered Agent Service like One IBC® is recommended for Maryland LLC. One IBC® is the world’s leading corporate services provider that helps more than 10.000 businesses around the world incorporate and operate efficiently in a foreign country. Visit oneibc.com or oneibc.com for more information.

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