Maryland: annual report deadlines, fees and closing a business

For LLCs and corporations registered in Maryland. Facts last verified 2026-10-18 against the official pages linked below.

Find my exact due date File on the official Maryland site

At a glance

Entity	Annual report due	Fee	Late
LLC (annual report, Form 1)	April 15 each year. The first filing is due the year after you start the business (a business formed in 2024 files by April 15, 2025), even with no revenue	$300 filing fee on the 2026 Form 1 for a domestic or foreign LLC	On the Form 1: a return postmarked after April 15 gets an initial penalty of 1/10 of 1% of the county assessment, plus interest of 2% of that penalty for each 30 days or part of 30 days late. Do not prepay; the Department bills it.
Corporation (annual report, Form 1)	April 15 each year. The first filing is due the year after you start the business, even with no revenue	$300 for a domestic or foreign stock corporation; $0 for a non-stock corporation (2026 Form 1)	On the Form 1: a return postmarked after April 15 gets an initial penalty of 1/10 of 1% of the county assessment, plus interest of 2% of that penalty for each 30 days or part of 30 days late. Do not prepay; the Department bills it.

LLC (annual report, Form 1)

Due: April 15 each year. The first filing is due the year after you start the business (a business formed in 2024 files by April 15, 2025), even with no revenue.
Fee: $300 filing fee on the 2026 Form 1 for a domestic or foreign LLC.
Late: On the Form 1: a return postmarked after April 15 gets an initial penalty of 1/10 of 1% of the county assessment, plus interest of 2% of that penalty for each 30 days or part of 30 days late. Do not prepay; the Department bills it.
If you miss it: The state forfeits a business that is not in good standing and the problem is not fixed; a forfeited business cannot legally operate in Maryland. The Form 1 says failure to file will result in forfeiture of the Maryland charter or the right to do business, and estimated assessments of twice the estimated value of the personal property owned.
To close it: Cancel the LLC with SDAT first (see the closing steps below).

Sources: Maryland Business Express: maintain good standing read 2026-10-18 · Maryland SDAT: 2026 Form 1 Annual Report and Business Personal Property Return (PDF) read 2026-10-18 · Maryland Business Express: closing a business read 2026-10-18 · verified 2026-10-18

Corporation (annual report, Form 1)

Due: April 15 each year. The first filing is due the year after you start the business, even with no revenue.
Fee: $300 for a domestic or foreign stock corporation; $0 for a non-stock corporation (2026 Form 1).
Late: On the Form 1: a return postmarked after April 15 gets an initial penalty of 1/10 of 1% of the county assessment, plus interest of 2% of that penalty for each 30 days or part of 30 days late. Do not prepay; the Department bills it.
If you miss it: Forfeiture of the charter or right to do business if the problem is not fixed (see the LLC row). A corporation must be in good standing (all reports filed, all fees paid) before it can close.
To close it: A corporation must be in good standing before it can be closed; then file the cancellation with SDAT (see the closing steps below).

Good to know

Personal property return is part of the same form.

Form 1 is the Annual Report and Business Personal Property Return. An LLC or corporation must file a personal property return if it owns, leases or uses personal property in Maryland (excluding licensed vehicles) with a total original cost of $20,000 or more (filing years 2023 and after).

Source: Maryland Business Express: maintain good standing read 2026-10-18 · verified 2026-10-18

Family farm and fee waiver lines.

The 2026 Form 1 lists a $100 filing fee for an SDAT-certified family farm and includes a line for a business approved by MarylandSaves for a waiver of its 2026 annual report filing fee.

Source: Maryland SDAT: 2026 Form 1 Annual Report and Business Personal Property Return (PDF) read 2026-10-18 · verified 2026-10-18

Maryland business taxes

We have not compiled Maryland business tax thresholds or due dates yet. Start at Comptroller of Maryland (withholding and sales tax accounts are closed here). This page covers annual report or periodic filing rules only; tax details are not yet researched.

Closing a Maryland business: step by step

Do the federal steps on the closing checklist too. State-specific steps:

Cancel the LLC or corporation with SDAT
You must officially cancel the business with the Maryland Department of Assessments and Taxation (dissolution); a corporation must be in good standing first (all required reports filed, all fees paid, no issues with the state). Check the entity's status in the Maryland Business Express entity search. The SDAT cancellation filing fee: not yet researched.
Source: Maryland Business Express: closing a business read 2026-10-18 · verified 2026-10-18
Close your Comptroller accounts
To close a withholding account, give your name, phone number, account number, reason and closing date by calling 410-260-7980 or 1-800-638-2937 (Mon to Fri, 8:30 a.m. to 4:30 p.m.), or send the Employer Withholding Final Return (Form MW506FR). To close a Sales and Use Tax account, call the same numbers or send the Sales and Use Tax Final Return (Form 202FR).
Source: Maryland Business Express: closing a business read 2026-10-18 · verified 2026-10-18
Close the business with the IRS
Maryland's page points to the IRS Closing a Business checklist; see the federal steps on this site's closing checklist.
Source: Maryland Business Express: closing a business read 2026-10-18 · verified 2026-10-18

Not yet researched for Maryland

SDAT cancellation filing fee
local agency closing steps (the state page says you may also need to close with local agencies)
Maryland Comptroller income and sales tax details beyond the account-closing steps
late-fee amount in dollars (the Form 1 gives a formula)

These items are left out on purpose until they can be confirmed on an official page.

Official links

Beware of mail asking you to pay to file your annual report: see scam mailers.