how to look up an llc in maryland [New Info]


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Last updated : Sept 26, 2022
Written by : Jenice Chalender
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how to look up an llc in maryland


Comment by Young Ngin

how to form an LLC in Maryland Maryland is an excellent place to form a new LLC with the highest median household income in the country and the top-ranking business survival rate every state has slightly different requirements for forming an LLC follow along closely to learn the required steps for creating your own limited liability company in the state of Maryland there are two ways to form an LLC in Maryland you can form one yourself or you can hire a service to do it for you let's start by looking at the five basic requirements to form an LLC in Maryland on your own you can also find these steps in more detail on our website linked in the description below one name your LLC every state has its own rules about what kind of names are allowed for LLC's in general you will need to observe these naming guidelines your name must include the phrase limited liability company for one of its abbreviations LLC or LLC with a period following H letter restricted words such as Bank Attorney law office etc may require additional paperwork and may also need a licensed professional to be part of the LLC your name cannot include words that could confuse your LLC with the government agency such as FBI Treasury State Department etc you cannot use a name that has already been registered to see if your name is available in your state you'll need to do a name search this free service is available on your state's Secretary of State website check out our free guide for finding the direct link to your state we also recommend that you check to see if your business name is available as a web domain even if you don't plan to make a business website today you may want to by the URL in order to prevent others from acquiring it to choose a resident agent Maryland requires that you nominate a resident agent more commonly known as a registered agent for your LLC who is your businesses point of contact with the state the resident agent can be an individual within the company including yourself or you can hire a professional service authorized to do business in the state of Maryland they will send and receive legal papers on your behalf these documents include official correspondence like legal summons and document filings which your registered agent will receive and forward to you your registered agent will help to file the necessary reports failure to properly maintain your LLC can result in fines and dissolution so this assistance is valuable three file the articles of organization to register your Maryland LLC you will need to file the articles of organization with the state of Maryland this can be done online or by mail you should decide whether your LLC will be member managed or manager managed member managed means all members of the LLC manage the company this is good for small organizations where everyone is involved in day-to-day operations the second option is manager managed where individuals are appointed to manage the LLC this is appropriate for larger organizations where not everyone is involved in the day-to-day affairs of the business for create an operating agreement although not every state requires it you should always create an operating agreement to establish ownership terms and member roles for your LLC this foundational document is the core of your LLC and will help you maintain your organization as well as further establish your LLC is a separate legal entity there are six main sections of an operating agreement organization outlines when and where the company was created who the members are and how the ownership is structured management and voting addresses how the company is managed as well as how the members vote capital contributions covers which members financially support the LLC and how more funds will be raised in the future distributions outlines how the company's profits and losses are shared among members membership changes describes the process for adding or removing members as well as if and when members can transfer their ownership shares and dissolution which explains the circumstances in which the LLC may be dissolved an operating agreement is an internal document it does not need to be filed with the state however it should be updated every time there is a change in membership or management at the company you can download a free sample operating agreement or create a custom one using our free operating agreement tool at how to start an LLC comm 5 obtain an ein lastly you'll need to get an employer identification number or ein from the IRS also known as a federal tax identification number your EIN is like a social security number for your LLC and is the IRS tracks your business for tax purposes an EIN is also necessary to open a business banking account and legally hire employees eons are free of charge and can be obtained from the IRS online or through the mail and with that you'll have formed a maryland LLC on your own option to hire a professional service the second way to create a maryland LLC is to hire a professional service to create your LLC for you hiring a professional service to file your forms and act as your registered agent for the LLC will cost you an additional fifty to one hundred and fifty dollars however there are several benefits to working with a pro a hired registered agent helps with getting your reports filed on time helps you stay organized by keeping your business mail separate and is available at all regular business hours to accept official mail and legal papers on your LLC's behalf a final and important additional benefit of using a service is privacy a professional service will provide a level of privacy by withholding your personal name and home address from the LLC's contact information there are many reasons you might not want your personal information easily accessible and associated with your business hiring a professional LLC formation service is an easy way to accomplish this now that you have seen the different requirements and ways you can form an LLC in Maryland visit our site and take some time to research your options and establish a solid foundation for your business activities click on the links in the description below to research the top five professional formation services or get more information on how to form a Maryland LLC on your own now you know all the steps to form an LLC in your state for a more detailed guide go to how to start an LLC com you can also create an operating agreement and use our business plan tool free of charge give the video a like if you found it useful and subscribe if you'd like to see more and if you have questions or encounter any roadblocks leave a comment below good luck and starting your small business you


Thanks for your comment Young Ngin, have a nice day.
- Jenice Chalender, Staff Member


Comment by Bradford

in today's video we'll be talking about how to start an llc in maryland my name is eric and in this video what i'm going to do is walk you through three methods on how to start an llc the first is going to be using your state website the second is using free tools that you can find online and the third if you need to go this route is hiring an attorney but one of the important things i'll be showing in this video is how you can get a free consultation with an attorney to start just to save yourself some money if you decide to go down that route so some of the things that will be covering this video besides just kind of the basics of setting up an llc are some really important terms and if you're not familiar with these terms it's really important that you watch this video to make sure that you have a legit llc the first term is piercing the corporate veil and the second term is understanding exactly what a registered agent is and now if you're not familiar with these two terms definitely watch the rest of this video because i'm going to get into that in a lot of detail coming up so the first thing i want to talk about is registering with your state website so this link right here this is really important to mention any of the links or resources i mentioned in this video are going to be in the description below so this link will be there as well so the first thing you want to do is actually see if the name you have in mind is available so you can click search for a business so what i did is i kind of searched in maryland here for some different restaurant names and this one i'm not even sure how you say it maybe ekabin but what you can do is i can copy this i can go back here and if i search for this so what you'll find here is that if there is a llc already set up for this you'll see the business name showing up and it'll look something like this so now if you were to search i don't know i'm just going to put in a bunch of letters like this it's impossible that this is actually taken as an llc but you'll see that the business name you entered was not found try searching again so what you'd want to do is once you have your business name actually set up what you'll do is go over here and you can create a count on the right hand side and it's going to walk you through the order process registering your new business managing and filing and any questions that you have going through the state website now this is a really helpful tool i found that their particular website is laid out much better than other states but still there are issues that i find with the service and the main issue i have is as you're going through you know your articles of organization this is for the maryland limited liability company this is the issue i have with a lot of state websites is they kind of gloss over important details and one in particular is number four the registered agent a lot limited liability company in maryland is and their address is now if you go to the second page it'll give you a little bit more information here in section four and it says here the registered agent can be any maryland citizen who is over 18 a maryland corporation or maryland llc this person must also sign the document now the issue i have with this is a lot of people will see that and they'll say cool i'll use my you know sister susie or you know my buddy down the street jim he can sign the document for me and he'll be my registered agent now the problem with that is in the unfortunate case if you're actually sued what's going to happen is the attorney suing you is going to try to find cracks in your llc and i think sometimes it's important to understand exactly what an llc is what it does and what it doesn't do and at this particular point of the video i want to explain that so some people think that an llc has some sort of tax advantage to setting up it does not it's a common misnomer really what an llc does is it limits your liability and what you want to do is you have your business assets you know so that might be your business bank account if you have an office or a restaurant location in the particular example you're using earlier and then you have your personal assets your personal bank account your car your home those things the llc creates a division between these two assets so that in the unfortunate case that you are sued that they can't come after your personal assets as well in addition to your business assets but like i mentioned earlier that attorney what they're trying to do is find a crack in your llc and what the term is called is piercing the corporate veil one way they might do that is if you haven't really dotted all your eyes and crossed your t's and there's a few different ways that they're going to try to find those cracks in your llc one of them might be that maybe you haven't renewed with the state and this is a good example of a registered agent or a resident agent as it's called the maryland so let's say your friend susie down the street she doesn't actually let you know that they've received documentation that you need to renew with the state in maryland and you don't go through that process then what happens is when you're sued that attorney is going to find out that you didn't renew with the state because you didn't have a really legit registered agent on file and they're going to come after you and potentially be able to take your personal assets as well so sometimes people just kind of fill in section 4 here on the resident agent and they kind of just gloss over that but it's really important that that person is doing what they're supposed to be doing for you so this service over here called ink file they have a learning center here and it talks about registered agents and if you go down here and it'll tell you exactly what a registered agent does official letters and correspondence from your secretary of state service of process notices so this is if you're being sued and need to appear in court like i mentioned earlier official federal government correspondence information and notifications tax forms and requests for payment so that could be renewing with the state uh and then request to complete permits company filings or reports so if you're not doing these things and your registered agent isn't letting you know or notifying you that you need to do these things in a timely manner then there might be a crack in your llc and you're really creating a lot of liability for yourself so what i'd like to talk about now is uh free online tools that you can use such as legal zoom or ink file which we were just looking at legalzoom really isn't free because what you'll see here is i've highlighted that they have a 79 plus your filing fee so in every state there's a filing fee and you can't get around it it doesn't matter if you're going through the state website through a tool like legalzoom or through an attorney there's going to be a filing fee so again going back to ink file this is all your state filing fees i got here from clicking this link right here but you'll see in maryland it's 197 so you're going to have to pay 197 dollars to the state


Thanks Bradford your participation is very much appreciated
- Jenice Chalender


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