Baltimore, MD asked in Business Formation and Business Law for Maryland

Q: My understanding is that if your MD LLC is forfeit, can you register a different business without penalty?

My understanding is that to reinstate the original business, you have to pay annual report filing fees plus penalties for the previous missed years. But what if you want to register a new business under a different name? Are there penalties for this?

1 Lawyer Answer
Lawrence F. Regan
Lawrence F. Regan
  • Silver Spring, MD
  • Licensed in Maryland

A: No, you are fine.

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