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Date: 07/06/2015 | Category: | Author: Jakub Vele

Maryland Additional Services

TAX ID (Employment Identification Number - EIN) - FREE

Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.

Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $25. Order here Tax ID.

S CORPORATION STATUS ELECTION

What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $35. Order S Corporation filing here.

CORPORATE KITS

Corporate kits start at only $68. LLC and INC. Click here to order corporate/LLC kits for any U.S. state.

MARYLAND CERTIFICATE OF GOOD STANDING

A certificate of good standing (certificate of existence) is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you. The fee is $89 + state fee.

MARYLAND APOSTILLE

In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. Price is $89 + state fee.

MARYLAND REINSTATEMENT OF CORPORATION/LLC

If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.

Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.

MARYLAND AMENDMENTS OF ARTICLES

There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the Maryland Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).

Do you need somebody to handle the filing of amendment for you? Please contact us! We charge $89 + state fees. Pay by PayPal (our email address is paypal@https://incparadise.net).

FOREIGN QUALIFICATION (all U.S. states)

Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.

Do you need somebody to handle foreign qualification for you? Please contact us!

Read more information and order here.
Foreign qualification fees

U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING

Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.

There are two options:
$150 per year. $2.50 per mailout plus postage.
$99 per year. $5.50 per mailout plus postage.

To order mail forwarding, click here.

LOCAL VOICE MAIL AND FAX. FAX TO EMAIL.

We offer brand-new local voice mail or fax number. We will also issue you a password that will allow you to access the voice mail system in order to retrieve messages and/or set up your own customized greeting. Faxes can be forwarded to your email. Service available in MARYLAND: Annapolis, Baltimore, Damascus, Edgewood / Harve De Grace, Elkton / Perryville, Laurel, Waldorf. More details about local voice mail and fax services.

TOLL-FREE NUMBERS

We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!

More information here.

Articles

Date: | Category: | Author: Jakub Vele

What you receive when filing Corporation or LLC in Maryland

Expedited Service:

When you file paperwork with Maryland Secretary of State to set up LLC this is whatyou will receive:

FAQ

Date: | Category: | Author: Jakub Vele

Maryland Incorporation Frequently Asked Questions

Do I need to reserve a corporate name?

No, but it is recommended to reserve a name prior to filing to ensure that it remains available during the incorporation process.

How do I reserve a corporate name?

The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.

Do I have to renew my name registration?

No.

How do I incorporate in Maryland?

When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Maryland agency.

Is a registered agent required?

As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.

How many Incorporators are required to form a corporation in Maryland?

One or more.

How many Directors are required to start a corporation in Maryland?

One or more as listed in the bylaws.

Are corporations in Maryland required to file an Annual Report?

A report must be filed each year with the corporate business personal property return.

Didn’t find answer to your question? Email as at info@incparadise.com

Incorporate in Maryland

Date: 09/03/2018 | Category: | Author: Jakub Vele

Incorporate in Maryland

The geographic and demographic advantages offered by Maryland are one of the key factors that have lead to a strong and stable growth in both business and economy. The number of incorporated businesses in Maryland has increased in the last decade as the state presents a business-friendly culture that has not only embraced one and all but also is responsible for the development of key innovative industries. Some of the biggest companies headquartered in Maryland include Marriott International, Lockheed Martin, Johns Hopkins Medicine, MedStar Health, The Ritz-Carlton Company, Under Armour Inc., Discovery, and Piedmont Airlines among others.

Why Choose Maryland for Incorporation?

Why is company incorporation in Maryland considered a good business decision? There are several reasons but the most important are the benefits and advantages that businesses enjoy. Some of the industries where businesses have seen positive growth, revenue generation, and expansion include BioHealth & Life Sciences, IT & Cybersecurity, Advanced Manufacturing, Aerospace & Defense, and Financial Services.

Now let’s take a look at some of the salient benefits that are responsible for fueling growth of small businesses in this state:

  • Enterprise Zones: The Maryland Department of Commerce has designated 6 enterprise zones for businesses. In order to qualify for EZ business tax credits, you will have to set up a company in a Maryland enterprise zone. The most important state income tax credit is on new jobs being created where the credit would be a one-time maximum of $1,000. Map of Enterprise Zone
  • Brownfields Tax Incentive: This is a tax incentive program that is also known as the Brownfields Revitalization Incentive Program (BRIP). If your business qualifies for this program then you can benefit from real property tax credit between 50% and 70%.
  • One Maryland Tax Credit: You can benefit from this tax credit only after company incorporation in Maryland jurisdictions like Allegany, Baltimore City, Caroline, Dorchester, Garrett, Kent, Somerset, Washington, Wicomico, and Worcester. The amount of income tax credit your business entity qualifies for is dependent on the total amount of capital investment.

How do you incorporate in Maryland?

Is there a process for company incorporation in Maryland? Do you require any specific documents? How can you submit or file these documents? These are some of the questions that you will be confronted with and hence the following steps will provide you with information on how incorporation works in Maryland:

Type of Business

What type of business would you like to form in Maryland? The four most common business structures in the state of Maryland are sole proprietorship, corporation, partnership, and Limited Liability Company. If you are planning to form a corporation then you need to identify whether it is a domestic or foreign entity as the documentation, fee, and other aspects would be different. The first step towards company incorporation in Maryland is to identify the type of business you want to set up.

Business Entity Name

What is the next step towards incorporation in Maryland? The next step is to identify and reserve a name and this can be done as follows:

  • Naming Requirements: The naming requirements for LLC should be pursuant to 2010 MD Code § 4A-208 while that of a business corporation should be pursuant to MD Corp & Assn Code § 2-106 (2015). The name of each limited liability company must contain words like “Limited Liability Company” or abbreviations like “L.L.C.” or “LLC”. A corporate name must contain words like “corporation”, or “incorporated” or abbreviations like “corp.” or “inc.”
  • Business name search: You need to search for a business name that is not in use currently. You can conduct a name search here.
  • Name Reservation: Once you have identified your business entity name, you can reserve the name with the State Department of Assessments and Taxation for a period of 30 days.
  • Name Registration: If you are foreign entity planning to set up a company in Maryland then you will be required to register your business name with the State Department of Assessments and Taxation pursuant to MD Corp & Assn Code § 7-101 (2015).

Choose a Registered Agent

According to MD Corp & Assn Code § 2-108 (2015) for business corporation and 2010 MD Code § 4A-210 for LLC, each business entity needs to designate a registered agent in the state of Maryland. We are one of the respected registered agents in Maryland and will be responsible for initiating company incorporation in Maryland through processing of all your documents including “Articles of Incorporation” for domestic corporations and “Certificate of Registration” for foreign corporations.

Articles of Incorporation and Certificate of Registration

If you are planning to form a domestic corporation (For profit/stock corporation), then you will have to file “Articles of incorporation” pursuant to MD Corp & Assn Code § 2-104 (2015). If you are planning foreign business incorporation in Maryland then you will be required to file a “Certificate of Registration” pursuant to MD Corp & Assn Code § 7-204 (2010). In order to streamline the process we can file documents on your behalf through the online process or through an expedited process.

Date Stamped Copies

As a part of the process of company incorporation in Maryland, we will ensure, you receive date-stamped and filed copies that verifies the state has filed as well as formed your corporation.

Costs and Fees associated with Maryland Incorporation

What would it cost to set up company in Maryland? Check Fees here!

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Maryland LLC and Corporation Registration and Formation

Date: 09/05/2018 | Category: | Author: Jakub Vele

Maryland LLC and Corporation Registration and Formation

Maryland is home to 581,712 small businesses with the Government sector producing $52.1 billion in revenue. Industries like health care and social assistance, professional and technical services, and retail trade witnessed a rise in the number of businesses and employment. There are several industries where you can form a Maryland business and enjoy economic and business growth including BioHealth & Life Sciences, Advanced Manufacturing, Energy & Sustainability, and Agribusiness to name a few.

How can you form a Maryland business? There is a procedure that is followed and we as one of the top Maryland registered agents can assist you with the incorporation or LLC formation process. This will ensure successful set up of your business!

Let’s take a look at how you can incorporate or set up your business in Maryland.

Maryland LLC Registration and Formation

Maryland LLC Registration & Formation

LLC company formation in Maryland is governed by 2010 Maryland Code – Limited Liability Company Act, Title 4A. The procedure for registration and formation of LLC is as follows:

Step#1: Maintain a registered agent

One of the essential steps towards company formation in Maryland is hiring and maintaining an agent. Whether you form a domestic or foreign Limited Liability Company in the state, each business entity in the state is required to maintain a registered agent pursuant to 2010 MD Code § 4A-210. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Maryland.

We are in compliance with all regulations in the State of Maryland.

Step#2: Name Reservation/Registration

A business name is crucial to the existence of any business entity and without a name, an LLC or business entity will not get registered in the state. A domestic or foreign entity can reserve their name for a period of 30 days pursuant to 2010 MD Code § 4A-209. Name reservation provides exclusive right to use a specified name. The name reservation application needs to be submitted to the State Department of Assessments and Taxation. The naming requirements for company formation in Maryland highlights the fact that the chosen business name should be distinguishable from the name of any other entity on the records of the state.

Step#3: Articles of Organization and Application for Registration

To initiate the process of company formation in Maryland, you will require registration documents specific to an LLC. These documents or forms are separate for domestic and foreign business entities.

  • If you are planning to form a domestic LLC then you will have to file “Articles of Organization” pursuant to 2010 MD Code § 4A-204.
  • If you are planning to form a foreign LLC in the state then you will be required to file “Application for Registration” pursuant to 2010 MD Code § 4A-1002.

The registration documents can be filed through mail, physical submission, or filed online with the State Department of Assessments and Taxation.

We can file the form on your behalf as your registered agent in the state and provide you with certified copies of the LLC registration.

In case, you have any questions regarding how to form a Maryland business, feel free to call us on 702-871-8678.

Maryland Corporation Registration and Formation

Maryland Corporation Registration & Formation

How do you form a corporation in Maryland? The incorporation will be governed by Title 2 (domestic) and Title 7 (foreign) of the 2015 Maryland Code, Corporations and Associations. The process of incorporation is as follows:

Step#1: Maintain a Registered Agent

One of the essential steps towards company formation in Maryland is hiring and maintaining an agent. Whether you form a domestic C Corporation or a foreign corporation, each business entity in the state is required to maintain a registered agent pursuant to MD Corp & Assn Code § 2-108 (2015).

We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Maryland. We are in compliance with all regulations in the State of Maryland and will assist you to form a corporation in Maryland.

Step#2: Name Reservation/Registration

You will be able to transact business in the state of Maryland only if you have reserved or registered a corporate name that meets the requirements of MD Corp & Assn Code § 2-106 (2015). You can reserve the chosen name for a period of 30 days pursuant to MD Corp & Assn Code § 2-107 (2015) and foreign corporations can register their name pursuant to MD Corp & Assn Code § 7-101 (2015). The forms are different for reserving and registration of name and have to be filed with State Department of Assessments and Taxation. The naming requirements for company formation in Maryland highlights the fact that the chosen business name should be distinguishable from the name of any other entity on the records of the secretary of state.

Step#3: Articles of Incorporation and Certificate of Registration

If you are planning to form a Maryland business entity then the most important step is to prepare and file the right registration or business formation documents. The documents or forms are different for domestic and foreign entities.

  • If you are planning to form a domestic Maryland corporation then you will have to file “Articles of Incorporation” pursuant to MD Corp & Assn Code § 2-104 (2015).
  • If you are planning to incorporate a foreign business entity in Maryland then you will be required to file a “Certificate of Registration” pursuant to MD Corp & Assn Code § 7-204 (2010).

We can help in streamlining the process of company formation in Maryland by filing documents on your behalf through the online process or through an expedited process.

If you have any questions regarding Maryland incorporation or LLC formation, you can simply visit the Maryland Business formation page.

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Advantages of Incorporating a Business in Maryland

Date: | Category: | Author: Jakub Vele

Advantages of Incorporating a Business in Maryland

Maryland is a state where innovation in business is one of the top priorities and the state and Federal government has in place numerous incentives and benefits that businesses can take advantage of to harness their full potential. In fact, there has been a rise in companies company Maryland that is owned by women. It ranks 2nd in a country where percentage of women-owned firms is concentrated with a share of 39.5%. It is interesting to note that small businesses established in Maryland received almost $106.2 million in 2017 from the U.S. Small Business Administration. This was made possible through the highly competitive Small Business Innovation Research (SBIR) program.

Advantages of setting up an LLC Or Corporation

Business growth in the “Free State” as this state is known has been quite remarkable and the primary reason is the advantages specific businesses have and the support provided by the state through incentive program. Whether you are planning to register a new company in Maryland as an LLC or a Corporation, there are distinctive advantages that your business can benefit from. Let’s take a look at some of them.

Advantage#1: Salient benefits of Corporation or LLC formation

Corporation

  • Raise additional Funds: If you register a new company in Maryland as a C Corporation then the business entity will be able to raise additional funds through sale of stock.
  • Tax credits: There are several state run tax credit programs that Corporations and Individuals can benefit from like the Bio-Heating Oil Tax Credit. A corporation would have to submit Form 500CR to benefit from this credit.
  • Independent Life: If you register a new business in Maryland as an S Corporation then the most important advantage is that it will enjoy an independent life. The business entity will continue operations undisturbed even if it is faced with the death of one of its stockholders.

LLC

  • Flexibility of taxation: When you register a new business in Maryland as an LLC, the choice of taxation can vary from that of a sole proprietorship, partnership, C Corporation or S corporation and thus providing great flexibility.
  • Limited Liability: The owner of a Maryland LLC will be able to enjoy limited liability protection, which means creditors can sue the LLC but not the owner or investors.
  • No Minutes of meetings: Unlike a corporation, an LLC startup company in Maryland will not be required to maintain any minutes of the meetings or resolutions.

Advantage#2: Business Incentives

Maryland is a state known for its pro-business climate. There are several factors responsible for creating a conducive business climate and the foremost among them are the various incentives and financing programs. A startup company in Maryland has to qualify for the incentive programs. Most of these programs are state governed although some are Federal incentive programs. Let’s take a look at a few such incentive programs:

  • Maryland Enterprise Zones: If you register a new company in Maryland Enterprise Zone then your business entity can leverage from a variety of incentives and income tax credits based on new jobs created. The credit can be a maximum of $3,000 for jobs created in the first year of operation of the business.
  • Job Creation Tax Credit (JCTC): This is a program that provides income tax credits to businesses established in specific regions of Maryland. A startup company in Maryland responsible for creating a minimum number of new jobs will be entitled to this tax credit. Businesses can benefit from $3,000 to $5,000 per job in tax credits especially in a “revitalization area.”
  • Regional Institution Strategic Enterprise (RISE) Zone Program: If your business is located in a RISE Zone then the benefits can vary from income tax credits on capital investment to real property tax credits. The current RISE Zones are in Baltimore City, Baltimore, and Prince George’s.

If you register a new business in Maryland, there are several other incentive programs that you can benefit from including One Maryland Tax Credit, Research and Development Tax Credit, Small Business Relief Tax Credit, Maryland Economic Adjustment Fund (MEAF), Maryland Small Business Development Fund, Maryland Resource-Based Industry Financing Fund Loan (MRBIFF) among others.

Are there any Disadvantages of Incorporating in Maryland?

If you register a new company in Maryland, whether domestic or foreign, the business will enjoy benefits that aid in the overall growth process. There are but a few disadvantages although they will not have any negative effect on your business in the long run. The process of incorporation takes more time and is monitored by federal, state as well as local agencies leading to paperwork that is compliant with the regulations. As for an LLC, it can be quite difficult to raise financial capital although that problem is solved by the state based grants and loan programs.

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