Filing
Annual Report and Business Personal Property Return (Form 1)
How often
Every year
Due
April 15 each year, for every LLC that existed on January 1 of that year
When the Maryland Annual Report and Business Personal Property Return (Form 1) is due
Maryland LLCs file an Annual Report and Business Personal Property Return (Form 1) every year. It is due April 15 each year, for every LLC that existed on January 1 of that year.
The first one is due April 15 of the year after the LLC is formed.
What the Annual Report and Business Personal Property Return (Form 1) asks for
It confirms or updates what the state holds about your LLC. Expect to give:
- The LLC's name and Maryland file number
- The principal office and mailing address
- Your registered agent's name and address in Maryland
- The members or managers, as your state's form asks
If something has changed since the last filing, such as a new member or manager, update your operating agreement first so the two match.
If you miss it
The LLC falls out of good standing on Maryland's records. Most states also add a late penalty, and many administratively dissolve an LLC whose report stays unfiled. Without good standing, banks and partners ask questions, some contracts cannot be signed, and a dissolved LLC has to file for reinstatement. The sources below set out exactly what Maryland does.
State tax on Maryland LLCs
The Annual Report is combined with the Business Personal Property Return, which SDAT uses to assess business personal property the LLC owns in Maryland.
How to file
File with the Maryland State Department of Assessments and Taxation (SDAT), online. Have your file number and your current agent and address details ready.
Or have it done
$399 / year state fee included
We track the Annual Report and Business Personal Property Return (Form 1) deadline, prepare it and file it every year.
Worth knowing in Maryland
- The Annual Report is required whether or not the LLC owns property, earns income or did any business in Maryland during the prior year.
- Failing to file can lead to forfeiture of the LLC's right to do business in Maryland.
- SDAT accepts requests for a 60-day extension, and LLCs can be formed and annual reports filed online through Maryland Business Express.
Sources
Related
Frequently asked questions
When is the Maryland Annual Report and Business Personal Property Return (Form 1) due?
Maryland LLCs file an Annual Report and Business Personal Property Return (Form 1) every year. It is due April 15 each year, for every LLC that existed on January 1 of that year. The first one is due April 15 of the year after the LLC is formed.
Where do I file the Maryland Annual Report and Business Personal Property Return (Form 1)?
With the Maryland State Department of Assessments and Taxation (SDAT), which accepts it online. You will need the LLC's name or file number to find it.
What happens if I miss the Maryland Annual Report and Business Personal Property Return (Form 1)?
The LLC falls out of good standing on Maryland's records. Most states also add a late penalty, and many administratively dissolve an LLC whose report stays unfiled; reinstating it takes another filing. Check the Maryland State Department of Assessments and Taxation (SDAT)'s rules, linked below, for exactly what Maryland does.
Does every Maryland LLC have to file, even with no income?
Yes. The Annual Report and Business Personal Property Return (Form 1) is about keeping the LLC active on the state's records, not about income. An LLC with no activity still files.
Can StartGlobal file my Maryland Annual Report and Business Personal Property Return (Form 1)?
Yes. We track the deadline and file it for $399 a year, with the state fee included.
Is there also a state tax on Maryland LLCs?
The Annual Report is combined with the Business Personal Property Return, which SDAT uses to assess business personal property the LLC owns in Maryland.
