Starting a Business in Maryland
LLC filing: $100 | Corp filing: $100 | Business-friendly score: 6/10
Business Environment at a Glance
6/10
Business-Friendly Score
2% - 5.75%
Income Tax
6%
State Sales Tax
$15.00
Minimum Wage
Business Filing Fees in Maryland
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $100 | One-time, filed with Secretary of State |
| LLC Annual Fee | $300 | Due annually to maintain good standing |
| Corporation Filing Fee | $100 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $300 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 2% - 5.75% |
| Corporate Tax Rate | 8.25% |
| State Sales Tax | 6% |
| Max Local Sales Tax | 0% |
| Minimum Wage | $15.00/hr |
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Maryland Special Requirements
- Annual report and personal property return required ($300)
- Trade name registration required if operating under a DBA
- Maryland Healthy Working Families Act requires paid sick leave
- County-level income taxes apply in addition to state rate (up to 3.2%)