Professional Corporation Package for Maryland
What this form package covers
The Professional Corporation Package for Maryland includes all necessary forms and instructions for setting up a professional corporation in the state. This package is distinct from other business formation packages because it is specifically tailored for licensed professionals, ensuring compliance with both Maryland General Corporation Law and the Maryland Professional Services Corporation Act. The package contains articles of incorporation, by-laws, and additional forms essential for the creation and ongoing maintenance of your professional corporation.
Forms provided in this package
- Maryland Articles of Incorporation for Professional Corporation
- Application of Name Reservation
- Sample Annual Minutes for a Maryland Professional Corporation
- Sample Bylaws for a Maryland Professional Corporation
- Sample Corporate Records for a Maryland Professional Corporation
- Sample Organizational Minutes for a Maryland Professional Corporation
- Sample Transmittal Letter for Articles of Incorporation
- Election of 'S' Corporation Status and Instructions - IRS 2553
- I.R.S. Form SS-4 (to obtain your federal identification number)
Common use cases
This form package is useful in various scenarios, including:
- When you want to establish a professional corporation to deliver services in professions such as law, medicine, or accounting.
- When compliance with state regulations for incorporation is required to legally practice your profession.
- When you need clear guidance on the filing process to avoid common pitfalls in the incorporation process.
Intended users of this form package
- Licensed professionals in fields such as healthcare, law, finance, and engineering.
- Individuals seeking to protect their personal assets while practicing their profession.
- Professionals wanting to create a corporate structure that allows for joint ownership with other licensed individuals.
How to prepare this document
- Review the included forms and ensure you have all necessary information.
- Reserve your corporate name with the Maryland State Department of Assessments and Taxation.
- Complete the Articles of Incorporation form and ensure it is typed, as handwritten forms are not accepted.
- Prepare organizational minutes and by-laws as sample forms are provided for guidance.
- Apply for a Federal Tax Identification Number using the included IRS form.
- If applicable, file the S-Corporation election form to obtain the desired tax status.
Notarization guidance for this package
Notarization is not commonly needed for forms in this package. However, if your state’s laws require it, our notarization service, powered by Notarize, allows you to finalize documents online 24/7 without in-person visits.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Filing handwritten forms instead of typed ones.
- Failing to reserve the corporate name before submitting your articles of incorporation.
- Ignoring the requirement for directors to be licensed professionals in the state.
Benefits of using this package online
- Convenient access to all necessary documents in one location.
- Editability allows you to customize forms easily before printing.
- Reliable and professionally drafted forms ensure compliance with state laws.
Quick recap
- The Professional Corporation Package for Maryland is essential for licensed professionals looking to establish their businesses legally.
- Failure to comply with Maryland's specific requirements can lead to delays or rejections in the incorporation process.
- The package includes critical documents and instructions to facilitate a smooth establishment of your professional corporation.
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FAQ
Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Initial Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.
The cost to start a Maryland limited liability company (LLC) is $100. This fee is paid to the Maryland Department of Assessments and Taxation when filing the LLC's Articles of Organization.
Register Your Business in Maryland. Obtain a Federal Tax ID Number from the IRS. Apply for Maryland Tax Accounts and Insurance. Obtain Licenses or Permits. Purchase Business Insurance.
Forms and fees. The filing fee for the Articles of Organization is about $100. Expedited processing services are available for a minimal fee of $50. Fees can change, check with the Maryland Department of Assessments and Taxation for the most current fees.
Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Initial Directors and Hold First Board Meeting. File Annual Report. Obtain an EIN.
Choose a corporate name. File your Articles of Incorporation. Appoint a registered agent. Start a corporate records book. Prepare corporate bylaws. Appoint initial directors. Hold first Board of Directors meeting. Issue stock to shareholders.
If you're looking to incorporate in Maryland, you're in the right place. This guide will help you file formation documents, get tax identification numbers, and set up your company records. Incorporation: $120 filing fee + optional $5 returned mail fee + optional $50 expedited service fee.
A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.