Each state has different requirements for forming a corporation. Whether you are starting a business or
incorporating a business
already in existence, you’ll want to understand state requirements for Maryland incorporation.
Cost to incorporate in Maryland
At BizFilings, we clearly outline our fees and the state fees to form a Maryland corporation. View our pricing to incorporate as a
to plainly see:
BizFilings’ package prices.
BizFilings offers three incorporation service packages from which you can choose.
State fee for standard turn-around.
Our pricing clearly shows the state fee to incorporate in Maryland with standard turn-around.
You will see the BizFilings and state fee, if any, for expedited turn-around.
Maryland has a 48-hour filing option, which is outlined in our pricing.
Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Incorporation.
The corporation’s name must contain the word "Corporation," "Incorporated," "Limited" or an abbreviation thereof. For banking corporations, the words "Bank," "Banking" or "Bankers" may be used. The name may not contain language stating or implying that the corporation is organized for a purpose other than the one permitted by the Articles of Incorporation. The name cannot be the same as or deceptively similar to that of a domestic or foreign qualified corporation. Listing wording within parentheses within the company name implies multiple names and is not allowed.
The following are Maryland’s requirements for directors of corporations:
Corporations must have one or more directors.
Maryland does not have a provision specifying where directors must reside.
Maryland does not have age requirements.
Inclusion in the Articles of Incorporation.
Director names and addresses are required to be listed in the Articles of Incorporation.
Requirements for the Articles of Incorporation
The document required to form a corporation in Maryland is called the Articles of Incorporation. The information required in the formation document varies by state. Maryland's requirements include:
Officer names and addresses are not required to be listed in the Articles of Incorporation.
Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value can affect initial filing fees.
Corporations must list the name and address of a
with a physical address (no post office boxes) in Maryland. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Maryland corporations.
Maryland corporate records
Maryland corporations must keep the following with their corporate records in written form or in a form that can be easily converted to written form:
Books and records of its accounts and transactions
Minutes of director and shareholder meetings
Minutes of any meetings of committees exercising the powers of the board of directors
Maryland corporate taxes and fees
The following are taxation requirements and ongoing fees for Maryland corporations:
Maryland requires corporations to file an annual report (Personal Property Return) by April 15. The filing fee is $300.