Asked in Business Law for Maryland

Q: My MD corp was forfeited. What federal filings do I need to submit, like form 966, etc?

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1 Lawyer Answer

A: Maryland will forfeit entities that miss filing personal property tax returns. If the forfeiture relates to personal property filings, a corporation may usually revive the corporate charter by certain STATE filings and payment of back taxes.

The posted question doesn't indicate whether the corporation continues to transact business or whether it has creditors.

Because a corporation should not transact business without reviving its charter, a forfeited entity may wish to seek immediate legal advice.

While I hope the general information outlined above helps, it should not be construed as legal advice. Specifics of your situation may affect how the law applies.

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