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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.
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.
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.
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).
Yes, in Maryland, you can use any name that is not active. However, if a name is inactive because it was not in good standing, then that name cannot be used. If you use a forfeited name or dissolved company name, your new company will be issued a new ID number so there is no confusion with the previous company.
You can download tax forms using the links listed below. Request forms by e-mail. You can also e-mail your forms request to us at taxforms@marylandtaxes.gov. Visit our offices.
?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.
To revive a Maryland LLC, you'll need to file the Articles or Certificate of Reinstatement with the Maryland State Department of Assessments and Taxation (SDAT). You'll also have to fix the issues that led to your Maryland LLC's dissolution and, in some cases, obtain a Maryland tax clearance certificate.