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Incorporation: $120 filing fee + optional $5 returned mail fee + optional $50 expedited service fee. The expedite fee is required to file online, by fax, or in-person.
Learn How to Form a Maryland Professional Corporation Choose a name for your Maryland PC. Select an Maryland registered agent. Complete your Maryland Certificate of Incorporation. Establish a corporate record in Maryland. Designate an Maryland PC board of directors. Create Maryland corporate bylaws.
A corporation must have at least three officers (President, Secretary, and Treasurer), at least one Director, and is owned by shareholders, which may be individuals or other business entities.
At a high level, the steps for forming a C corp whenstarting a business are as follows: Register a unique business name. Appoint officers to the corporation (CEO, board of directors). Draft and file articles of incorporation with the secretary of state in your state. ... Write company bylaws. Issue stock?literally.
To start a corporation in Maryland, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Maryland Department of Assessments and Taxation (also referred to as SDAT). You can file this document online, by mail, or in person.
Maryland Taxation While you can still have an S Corporation in the state and enjoy the federal tax savings, it is an S Corporation for federal tax purposes only - not for state tax purposes, where the corporation will be treated as a regular C Corporation.
How Do I File Maryland Articles of Incorporation? Create a Maryland Business Express Account. In the portal, select ?Register Your Business? and ?Create Account.? Enter your name, phone number and email, and choose a username and password. ... Answer Questions About Your Company. ... Pay the Fee.
The big takeaway here: The main difference between an S Corp and a C Corp is how they're taxed. C Corp status business owners pay taxes twice ? at the corporate and individual level ? while S Corp status owners only pay income taxes on the combined earnings of the owner-employee's wages and pass-through profits.