The state of Maryland has several options for starting a corporation. In addition to two types of nonprofit corporations, the state has several kinds of business corporations. The Maryland Department of Assessments and Taxation is charged with the task of processing registrations for Maryland corporations. Filers can visit that agency’s website to obtain the forms necessary to start a corporate nonprofit or business in the state. The incorporating individuals then submit the forms and fees through the mail to start a corporate business entity in Maryland.
Visit the Department of Assessments and Taxation “Forms and Applications” page at dat.state.md.us/sdatweb/sdatforms.html. On this page, you can find links to the filing forms for the following types of Maryland corporations: tax-exempt non-stock, non-stock, stock, close and religious. Maryland nonprofits would generally use the tax-exempt non-stock status. The typical business would file a stock or close corporation, depending on the structure and size of the business. Of course, a church or related organization would choose the religious corporation (instead of the typical nonprofit corporation in other states). Not all nonprofits qualify for tax-exempt status. Such charities may need to file a non-stock corporation.
Read through the instructions of each Maryland business type to get additional details about which kind of corporate entity you should file. As always, consult a Maryland business attorney if you have questions or concerns about how to start your business or charity. For example, you need to meet certain federal requirements to qualify as a tax-exempt non-stock corporation. Publication 557, which can be found in the IRS.gov website, can provide you with information about how to get tax-exempt status through the Internal Revenue Service.
Fill out the “Articles of Incorporation” for the Maryland corporation you seek to establish. Note that the Maryland forms provide only the minimum generic requirements for starting a corporate business in the state. Your own business may have particular requirements not apparent when looking at the preexisting documents. The more extensive your business plan, the more likely you will need an attorney to help you draft customized articles of incorporation.
Prepare the fees for filing your Maryland business. The basic fee is $100 for all types of corporations plus a $20 organization and capitalization fee. If you are intending to apply for tax-exempt status, you must pay an additional $50. Expedited service of about 7 days is available for an additional $50. Finally, you may pay an additional $5 and have your original documents mailed back to you.
Note that the fee increases if the aggregate par value of corporate stock does not exceed $100,000. If it does exceed that amount, call 410-767-1340 to get your exact fee. Make checks payable to the “State Department of Assessments and Taxation.”
You may also pay by credit card if filing by fax. Find the “Charter Fax Cover Sheet” on the “Forms and Publications” page and fill out that form. You would then fax the forms to 410-333-7097.
Send the completed “Articles of Incorporation” and fee to the following address:
State Department of Assessments and Taxation
301 W. Preston Street
Baltimore, MD 21201-2395
Wait up to eight weeks unless you are using expedited service. However, documents delivered by hand can be processed by same-day service if the filer pays an expedited service fee.
Fee Schedule for Filing Maryland Business Forms
Forms and Applications for Maryland Corporations