Maryland Annual Report
When You Want More
Maryland requires all LLCs, corporations, nonprofits, LPs, and LLPs to submit a Maryland Annual Report each year. But that's not all. Your business may be required to file a Personal Property Tax Return if it owns, leases, or uses personal property located in the state or maintains a trader’s license. All reports and tax returns must be filed with the Maryland State Department of Assessments and Taxation.
Our guide offers business owners easy-to-follow directions on how to file the Maryland Annual Report and Personal Property Tax Return on your own. If you'd rather focus on your business and not deal with the hassle of filing your annual report, we can file for you.
We'll File For You!
$100 + State Fees
Let us take care of your annual report so you can focus on what matters.
- Guaranteed On-Time Filing
- Professional Preparation
- Maintain Good Standing
- Keep Your Company Active
- Same Price Every Year
Maryland Annual Report Due Dates and Fees
To file your annual report, you’ll need to first figure out when it’s due and how much you’ll need to pay in filing fees. The chart below shows you when and how much you’ll need to pay.
|
Maryland Annual Report Fee Schedule |
|||
|---|---|---|---|
|
Business Type |
Cost |
Due Date |
How to File |
|
Corporations – foreign and domestic |
$300* |
April 15th |
Online or Paper Form |
|
LLCs – foreign and domestic |
$300* |
April 15th |
Online or Paper Form |
|
Nonprofits, Cooperatives, and Religious Corporations |
$0* |
April 15th |
Online or Paper Form |
|
LPs – foreign and domestic |
$300* |
April 15th |
Online or Paper Form |
|
LLPs – foreign and domestic |
$300* |
April 15th |
Online or Paper Form |
|
*Your fee may increase based on your Maryland Business Personal Property Tax.
|
|||
Late Fees: Your business will be charged 0.001% of your total property tax OR the base penalty, whichever is greater. In addition, 2% interest will continue to accrue for each month you’re late. Below, is a chart that breaks down the base penalty fee.
| Number of days late | Base penalty fee | Maximum penalty fee |
| 1-15 days | $30 | $500 |
| 16-30 days | $40 | $500 |
| 31 or more days | $50 | $500 |
How to File Your Maryland Annual Report
The Maryland Annual Report and Personal Property Tax Return can be filed online, by mail, or hand delivered to a dedicated drop box.
Online Filings:
- Go to the Maryland Business Express login page.
- If you don’t already have an account, you’ll need to create one by clicking “Create Account.”
- After logging in, click the “Start a New Filing” tab. Scroll down the drop-down menu and select “File Annual Report/Personal Property Tax Return.”
- If you file online, the filing fee must be paid by credit card. All credit card payments will assessed an additional 3% of the total amount due.
Paper Filings:
- Go to the Departmental Forms & Applications page.
- On the left side of the screen, click the Business Personal Property link.
- Scroll down to the Annual Reports & Personal Property Tax Returns section.
- Click the 2023 Form 1 – Annual Report & Personal Property Tax Return link. You can also click 2023 Form 1 – Instructions for more detailed instructions on how to complete and file your report.
- All paper submissions, whether hand-delivered or mailed, must include a check or money order for the total amount owed.
- Mail your report to:
Maryland Dept. of Assessments and Taxation – Annual Report
P.O. Box 17052
Baltimore, Maryland 21297-1052 - You can also submit your annual report to by hand to a dedicated SDAT drop box located in the lobby of the Baltimore State Center complex. The address is 301 West Preston Street, Baltimore, Maryland 21201.
Required Information for the Maryland Annual Report
All types of Maryland business that file an annual report will need to include their:
- Business name.
- Principal address. You can’t change your business’s address by filing an annual report. If you need to update this information, you must file a Resolution to Change a Principal Office/Address form. There is a $25 filing fee.
- Department ID number. You can easily find your ID number by searching the Maryland Business Database.
- Business FEIN.
- Brief statement of purpose.
- Business email address.
- Director/officer names.
- Signature, address, email, and phone number of person filing the annual report.
Will my business need to file a Maryland Personal Property Tax Return?
To determine if you need to file a Personal Property Tax Return, you’ll need to answer a few questions about business transacted and sales made in Maryland. Essentially, if your business owns, leases, or uses personal property in the state of Maryland OR maintains a trader’s license with a local unit of government, you will be required to fill out the Personal Property Tax Return – Section 5 of the annual report.
Note: If your business has gross sales in the state but does not report personal property, you’ll be required to provide an explanation on the tax return. If using another business’s personal property, you’ll have to provide their name, location and Maryland ID number.)
On the tax return, you’ll repeat much of the contact information from your Maryland Annual Report. You’ll also need to include the following on your tax return:
- Dates business was conducted in Maryland.
- Fiscal year start and end dates, if applicable.
- Your business’s total gross sales OR amount of business transacted in Maryland during the previous year.
- The physical location of all personal property within the state of Maryland.
- The original cost of each piece of furniture, fixture, tool, and/or equipment and the year acquired.
- Average monthly inventory and inventory open/close dates
- Average monthly manufacturing and R&D inventories
- Supplies cost average
Note: Your total personal property tax will be determined by the assessed value of your business’s property multiplied by the tax rate for the county in which the property is located.
How Our Maryland Annual Report Service Works
With Northwest’s elite Maryland Annual Report Service (sometimes called “compliance service,”) you can trust that your business will stay compliant and in good standing, so you never have to worry about costly late fees or your company being administratively dissolved.
For $100 plus the state-mandated report fee, we’ll file your annual report.
Run your business on your terms by adding or canceling Maryland Annual Report Service anytime.
-
You can sign up for this service by itself or add it on to an existing service. Compliance service is automatically added when you hire us to provide your MD registered agent service or form your Maryland corporation, Maryland LLC, or Maryland nonprofit.
-
Once you’ve signed up for compliance service, you’ll pay nothing up front. We’ll send you a reminder at least 90 days before the report is due, and the auto charge your saved preferred method of payment a few days later.
Annual Report Service Benefits
At Northwest, you don’t have to figure out how to opt out of exposing your personal information. That’s because we practice Privacy by Default®. We automatically minimize the exposure of your data, without being asked.
Maryland Annual Reports are public record. Any information you list on the form is easily searchable online. To counter that, we’ve designed our annual report service to protect your privacy. Instead of your own information, we’ll use:
- Our contact information, including our street address when possible.
- Our IP address, which limits the connection between your cell phone, personal computer, and work computers to make it harder for advertisers to find you.
- Our bank and credit card information.
We believe everyone has the right to keep their information private. That’s why privacy is our guiding principle when we create every service and product.
File Your Maryland Annual Report
Hire Us!
Maryland Annual Report FAQs
Nope. New businesses in Maryland are not required to file initial reports.
Annual report processing takes about 3-5 business days for Maryland business that are in good standing. Business Personal Property Tax Returns with no or minimal personal property takes about 7 to 10 business days. Complex or first time online filings can take up to 90 days.
Anyone who is authorized may sign your Maryland Annual Report. This could be someone within your Maryland business (such as a director or manager) or someone outside the business that you hire to file on your behalf. When you hire Northwest Registered Agent for business renewal service, we complete and file the Maryland Annual Report for you.
Yes! The state of Maryland requires all annual reports and tax returns to be filed with original signatures and documents.
Department of Assessments and Taxation, Charter Division
PO Box 17052
Baltimore, MD 21297-1052
T: (410) 767-1340
Email: sdat.charterhelp@maryland.gov
