Certificate Of Discharge Form With Filing History (optional) In Maryland
Description
Form popularity
FAQ
It is against the law to sell a business opportunity without first filing the appropriate documents with the Division. It is also unlawful to sell a business opportunity by fraudulent means. Inquire about whether the seller has filed with the Division, then call us to check.
You can revive a business that has been forfeited in Maryland at any time, but your LLC's name immediately becomes available for other businesses to adopt. If your Maryland LLC was voluntarily dissolved, you'll have to form a new Maryland LLC.
Failing to do so means your entity may be “Not in Good Standing,” which eventually leads to forfeiture. A forfeited entity may not legally conduct business in the state.
A certificate of good standing is typically only needed if someone you do business with requires it. Financial institutions often will require a certificate of good standing before a business bank account can be opened.
Once an entity loses its good standing status, it risks losing the right to use its name in the state. Other companies may be able to acquire the rights to their name while a company is sidelined due to loss of good standing.
BUSINESS PERSONAL PROPERTY RETURN An Annual Report must be filed by all business entities formed, qualified or registered to do business in the State of Maryland, as of January 1st .
Once terminated, you can no longer reinstate. You'll need to start over and form a new California LLC.
“Forfeited” means the right of the entity to conduct business in the State of Maryland has been relinquished and it has no right to use its name. For domestic corporations, this also means that the business has no existence under the laws of the State of Maryland.