Maryland LLC and Maryland Corporation
Filed with the Maryland State Department of Assessments and Taxation (SDAT)
Maryland Corporation Names
The Maryland Corporation name must include the word or an abbreviation of a word that indicates that the named entity is a corporation. Examples of a corporate name ending include “Incorporated,” “Corporation,” “Company,” or “Limited.” The name cannot state or imply that the corporation is formed for a purpose other than what is permitted in the articles of incorporation. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
Maryland Limited Liability Company (LLC)Names
The Maryland Limited Liability Company (Maryland LLC) must use the term “Limited Liability Company,” “LLC,” “LC,” “L.L.C.” or “L.C.” The name cannot state or imply that the LLC is formed for a purpose other than what is permitted in the articles of organization. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
Registered Agent
A corporation must maintain a registered agent at all times to accept any important service of process from the state. The registered agent must be located and available during regular business hours at a legal address within the state. Maryland prohibits the use of a P.O. Box as your registered agent’s address.
Director Information
- Minimum Number – Not less than three, unless there are only one or two shareholders of record; then the number of directors may be less than three but not less than the number of shareholders.
- State Residence Requirements – None.
- Age Requirements – None.
- Directors are required to be listed in the articles of incorporation.
Officer Information
Officers are not required to be listed in the articles of incorporation.
Stock Information
The Articles of Incorporation must contain:
. The total number of shares itemized by class and par value, that the corporation is authorized to issue.
. The aggregate par value of all the shares.
. Any preferences, conversions or other share rights.
Corporate Records
The stock transfer ledger and the original or a certified copy of the articles of incorporation must be kept at the principal office of the corporation.
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