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Maryland Business Formation Questions & Answers
1 Answer | Asked in Business Formation and Business Law for Maryland on
Q: All partners do they have a vote in llc
Cedulie Renee Laumann
Cedulie Renee Laumann
answered on Sep 18, 2017

The Operating Agreement should describe how the owners ("partners") vote on decisions in a particular LLC and also explain what % vote is necessary to pass a resolution. If an LLC does not have an operating agreement it would be wise to create one. Maryland does have some default... Read more »

1 Answer | Asked in Business Formation and Intellectual Property for Maryland on
Q: Can I use the name Jelly Belly Barbecue for a barbecue business?
Cedulie Renee Laumann
Cedulie Renee Laumann
answered on Jan 28, 2017

This online forum exists for general questions, not so much for attorneys to research a particular question. That being said, to see if a particular name is available one can contact the State Department of Assessments and Taxation. Even if a name is available per the Maryland SDAT, a business... Read more »

1 Answer | Asked in Business Formation and Business Law for Maryland on
Q: If one member of a two member LLC moves to MD from NY, do they have to do anything to be in compliance with MD state law

I am concerned we need to file paperwork as an foreign entity, and will have to file an annual report in MD as well as NY. Please help.

Bennett James Wills
Bennett James Wills
answered on Jan 24, 2017

Depends on whether the LLC is conducting business in NY. Then you would need to follow NY law in regards to filing entity status. And the person who resides in NY may face different tax challenges than the person in MD. Consult with both NY and MD counsel.

1 Answer | Asked in Business Formation and Business Law for Maryland on
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?

Lawrence F. Regan
Lawrence F. Regan
answered on Sep 30, 2016

No, you are fine.

1 Answer | Asked in Business Formation for Maryland on
Q: Is there anyway to reinstate a corporation in GA after the 5 year mark ....my 5 yr mark has pass by 8 months
Cedulie Renee Laumann
Cedulie Renee Laumann
answered on Jan 4, 2014

This question was posted in Maryland. If your corporation exists in this state (MD), then reinstatement is a matter of paying back personal property returns and filing Articles. If in another state, you may wish to contact the Secretary of State or equivalent state corporation division.

1 Answer | Asked in Business Formation for Maryland on
Q: What is the effective date of an LLC in Maryland? Or, put another way, on what date can you start to transact business?
Cedulie Renee Laumann
Cedulie Renee Laumann
answered on Apr 23, 2012

An entity is effectively formed the date the SDAT approves the articles of organization. However, a business is generally advised to wait until after it holds its organizational meeting before transacting business.

1 Answer | Asked in Business Law and Business Formation for Maryland on
Q: Which of the two states is easier to start a commercial mortgage loan business, Maryland or Nevada?
Cedulie Renee Laumann
Cedulie Renee Laumann
answered on Jul 26, 2011

Determining where to incorporate or form a new business involves a great number of factors and is not easily answered by an online post. That being said, to issue mortgages in the state of Maryland one needs Maryland licensure.

You are encouraged to seek legal counsel before starting any...
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