Before forming your Maryland LLC, it's important to select a name that is readily available. Maryland law specifically states that your LLC name must not be falsely similar to other companies already on file with the Department of Revenue. That means if you already have another company that is registered with the state as an LLC, you cannot name your new LLC after them. If you do, your business may be considered a sham.
Two options are available for naming your LLCs. You can use the name you want, or use the "functional name" or "business name" forms that are available online. Although you cannot submit more than one name per form, the rules of the game are still in favor of the consumer. The process is simple enough: just complete and submit your information, pay the filing fee, print out the completed form and mail it to the address provided on the web page. The Maryland Department of Taxes will then process the LLC registration and your new company will become active.
Because companies filing llc in maryland must use their names, there are some specific naming guidelines. The first is that the LLC name must contain no more than one word. It may only be between two and eight words long. The name must also be descriptive, e.g., "Limited Liability Company." The name may be accompanied by additional information, such as the LLC's street address, its incorporation status, and its registered agent. Additional documentation may be required, including copies of articles of organization, tax statements and so forth.
How To Apply Online For An LLC In Maryland
The second requirement is that any llc in maryland registering with the IRS must have a business address that is also its office. A home address is not sufficient. A street address is preferred, because a business phone number is necessary for contacting the IRS. An Internet website is not sufficient because an online filing may result in further IRS action.
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Because many people do not understand that llc in Maryland is different from other state filing systems, a common question is about the length of time between when the form is filed and the granting of tax relief. According to the IRS, most tax benefits are granted within three business days of filing the original form. In cases where the forms are filed electronically, the IRS will grant tax relief within seven business days. If the filing is accomplished by mail, the IRS will grant the tax relief within ten business days. Business days are usually Monday through Friday.
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When you meet the requirements to form an LLC in Maryland, you can be sure that the procedures and steps are straightforward and fairly easy to follow. Forming an LLC in Maryland is different than most other states in that you must still provide a registered agent. The registered agent is someone other than the business that must sign all documents on behalf of the LLC. In some instances, there are two registered agents, one in the office and one at the residential address of the LLC. This is to protect each business from being personally liable for the actions of the LLC. It also protects the personal assets of each member of the LLC.
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In addition to meeting the requirements to form an LLC in Maryland, you need to arrange for a business address in the state. There are several options for business addresses in the state, including a post office box or the mailing address of a company that offers mail forwarding services. Most people locate their LLCs on the internet, because the internet is the quickest way to file maryland state forms. If you are using a printer to print off your organizational forms, be sure to supply your business address so that the printer can accommodate the request.
Step two is to choose the LLC's name, which is the third and final step in how to apply online for an LLC in Maryland. The name of the LLC is one of the most important factors in determining the future of the LLC, so care should be taken to select a suitable name before filing. The name of the LLC can be chosen online through one of the forms that is available from the state's attorney general's office or through a computer-based name generator.
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