Report Company Sample With Executive Summary
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FAQ
?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.
In Maryland, the necessary paperwork will depend on the business entity type. LLCs have to file the Articles or Certificate of Reinstatement form, while corporations have to submit Articles of Revival. Additionally, you will have to file all your missing returns and pay the corresponding fees.
Forfeiture is the process that allows the Department to remove inactive entities that have not legally terminated their authority to do business in Maryland or to notify active entities of an existing oversight in meeting legal filing requirements.
All legal business entities formed, qualified, or registered to do business in Maryland MUST file an Annual Report: Legal business entities (Corporations, LLC, LP, LLP, etc.), whether they are foreign or domestic, must file a Form 1 Annual Report (fees apply) Credit Unions must file a Form 3 Annual Report (fees apply)
If your Maryland corporation was forfeited and you would like to continue to do business, you will need to revive your corporation. File Articles of Revival with the Maryland State Department of Assessments and Taxation (SDAT).
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.
To amend your Maryland corporations charter, just file Articles of Amendment by mail or in person with the Maryland State Department of Assessments and Taxation (SDAT).
What needs to be done to reinstate a company in Maryland? To reinstate your Maryland entity you need to file Articles of Revival (corporations) or Certificate of Reinstatement (LLCs) with Maryland State Department of Assessments and Taxation and pay any fees, missing annual reports and penalties.
