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Maryland Annual Report

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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.

Maryland Annual Report Due Dates and Fees

Information Required for your Annual Report

Northwest's Annual Report Service

Maryland Annual Report FAQs

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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*	June 17**	Online or Paper Form
LLCs – foreign and domestic	$300*	June 17**	Online or Paper Form
Nonprofits, Cooperatives, and Religious Corporations	$0*	June 17**	Online or Paper Form
LPs – foreign and domestic	$300*	June 17**	Online or Paper Form
LLPs – foreign and domestic	$300*	June 17**	Online or Paper Form
Your fee may increase based on your Maryland Business Personal Property Tax. *Effective for 2024, Governor Moore and the Maryland State Department of Assessments and Taxation extended the usual April 15th deadline to June 17, 2024 for all business types whether or not they applied for an extension. This extension was enacted through the Moore administration as part of the response to the collapse of the Francis Scott Key Bridge and applies to the Maryland business annual report and personal property tax returns.

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 Expr ess 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
PO 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.

Northwest’s Annual Report Service

For $100 plus the state-mandated report fee, we’ll file your annual report for you. Correctly and on-time, and in the way that protects your privacy the most.

How does it work?

You can sign up for this service by itself or add it to an existing service. Once you’re signed up, you’ll pay nothing up front. We’ll send you a reminder 90 days before your filing due date and auto-charge your preferred payment method five days later if you don’t want us to cancel.

How can Northwest protect my privacy?

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.

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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: [email protected]