Last updated December 9, 2021
Maryland LLC Annual Report & Taxes
Quick Start Guide
This Quick Start Guide is a brief overview of how to form an LLC in Maryland.
Maryland LLC Costs:
Maryland state fee: $100 (by mail) or $150 (online)
Annual report: $300
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Download or File Online
You can file your Maryland LLC Annual Report and Personal Property Tax Return either online or by mail:
– To file online: visit the Business Express page
– To file by mail: download forms and instructions
Do I need to file both forms?
All Maryland LLCs must file an Annual Report.
Your Maryland LLC must file a Personal Property Tax Return if either of the following are true:
- The LLC owns, uses, or leases personal property located in Maryland
- The LLC has a trader’s license with a local unit of government in Maryland
$300 is the Annual Report fee.
You may owe more, depending on your LLC’s Personal Property Tax Return.
The Annual Report is due by April 15th every year.
Your LLC’s first Annual Report is due the year after your LLC is approved.
For example, if your LLC is approved anytime in 2019, your first Annual Report is due by April 15, 2020. If your LLC is approved anytime in 2020, your first Annual Report is due by April 15, 2021.
If you have any questions about the Maryland LLC Annual Report and/or Personal Property Tax Return, you can contact the Business Personal Property unit.
We recommend hiring an accountant to help you prepare your Personal Property Tax Return. They can also help with your state income taxes and any other taxes that apply to your Maryland LLC.
Maryland SDAT: Departmental Forms & Applications
(see “Annual Reports and Personal Property Tax Returns“, about half way down the page)