Maryland LLC annual filing requirements
Most Maryland LLCs must file an annual report with the State Department of Assessments and Taxation (SDAT). This filing is commonly referred to as the “Annual Report/Personal Property Return,” even if your LLC has no taxable personal property. Filing on time helps your LLC stay in good standing and avoids SDAT penalties.
Summary (table)
| Item | Who | When | Cost | Penalties | Official Source |
|---|---|---|---|---|---|
| Annual Report / Personal Property Return (Form 1) | Maryland LLCs (and other business entities) registered with SDAT | Typically due April 15 each year (check for updates) | Maryland state filing fee applies (see SDAT fee schedule) | Late filing penalties and potential loss of good standing (see SDAT) | https://dat.maryland.gov/businesses/Pages/Annual-Reports.aspx |
| Business Personal Property Tax reporting (as part of Form 1) | LLCs with business personal property in Maryland (and others required to file Form 1) | Filed with the Annual Report/Personal Property Return | Tax depends on local assessment and applicable tax rates | Late filing penalties and possible estimated assessments (check official guidance) | https://dat.maryland.gov/businesses/Pages/Personal-Property.aspx |
What you must file
- Annual Report / Personal Property Return (often called Form 1): This annual filing updates SDAT records and reports business personal property (if any). Many Maryland businesses file this even when no personal property is owned.
- Any required supporting information: Depending on your situation, SDAT may require specific details about personal property, locations, or business activity. Follow SDAT instructions for the form.
Tip: If your LLC is a foreign (out-of-state) LLC registered in Maryland, it generally follows the same annual filing requirements with SDAT.
Related filings
- Delaware LLC annual filing requirements
- Virginia LLC annual filing requirements
- Pennsylvania LLC annual filing requirements
Deadlines
- Typical due date: April 15 each year for the Annual Report/Personal Property Return.
- If the due date changes or a special rule applies: Check official state source.
- Filing method: SDAT provides online filing options; some filers may also have paper options depending on SDAT rules for that year.
Fees
- State filing fee: Maryland charges a filing fee for the annual report. Amounts can change—check official state source.
- Personal property tax: If your LLC has taxable business personal property, tax is assessed based on reported property and local rates. The tax is separate from the SDAT filing fee.
- Other costs: If you use a registered agent or compliance service, those service fees are separate from state fees.
Penalties if late
- Late filing penalties: SDAT imposes penalties for late annual report/personal property return filings. Check official state source for current penalty amounts and how they’re calculated.
- Loss of good standing: Late or missing filings can affect your LLC’s status with the state, which may impact your ability to obtain certificates, financing, or contracts.
- Additional tax consequences: If personal property reporting is late or incomplete, the state/locality may make estimated assessments. Check official state source.
Official source links
- SDAT Annual Reports (Maryland)
- SDAT Business Personal Property
- Maryland Department of Assessments and Taxation (SDAT) homepage
- Fee details: Check official state source.
FAQ (5)
1) Do Maryland LLCs have to file an annual report every year?
Most Maryland LLCs registered with SDAT must file the Annual Report/Personal Property Return each year. If you’re unsure whether your specific LLC is required to file, check official state source or consult SDAT guidance.
2) Is the annual filing the same as paying personal property tax?
No. The annual report filing is a state compliance requirement, while personal property tax depends on whether your LLC has taxable business personal property and how it is assessed. The filing and tax are related because the report is used to assess personal property tax when applicable.
3) What if my LLC doesn’t own any business personal property?
Many businesses still file the annual return even when reporting no personal property. Follow SDAT instructions for completing the form accurately.
4) Where do I file the Maryland LLC annual report?
Maryland annual reports are filed with SDAT. Start at SDAT’s Annual Reports page and follow the filing instructions provided for the current year.
5) What happens if I miss the deadline?
You may owe late penalties and your LLC’s good standing may be affected. If you miss the deadline, file as soon as possible and check official state source for penalty amounts and reinstatement steps (if needed).
Many owners use registered agents or filing services to avoid late fees and penalties.
Legal disclaimer
This article is for general informational purposes only and does not constitute legal, tax, or accounting advice. Requirements, fees, and procedures can change, and your situation may vary. For the most accurate and current information, consult the Maryland State Department of Assessments and Taxation (SDAT) and/or a qualified attorney or tax professional.