Maryland Articles of Incorporation
Maryland articles of incorporation register your company's name and intent to do business in Maryland as a domestic corporation. After the state approves them, your corporation can hold its first board meeting and prepare to begin operations.
Maryland
What Are Maryland Articles of Incorporation?
Maryland articles of incorporation are the document you file with the Maryland State Department of Assessments and Taxation to form a corporation in Maryland. They must list the incorporators, the corporation's name, purpose, principal office, resident agent, shares and par value, and its initial directors. (Md. Code Ann., Corps. & Ass'ns § 2-104)
These public records outline the basic facts about your corporation, which often include:
- Corporate name
- Principal office address
- Registered agent information
- Initial directors, where the state requires them
- Stock information
Use the business formation document which best suits your needs
Articles of Organization Articles of organization are filed with a state to establish a limited liability company, or "LLC." LLCs offer liability and tax protections similar to that of a corporation, but with a different ownership and management structure.
Certificate of Incorporation Some states refer to articles of incorporation as a certificate of incorporation. LegalNature's intuitive forms will create the correct document based upon your chosen state's requirements.
Articles of Amendment Sometimes information on articles of incorporation needs to be changed (e.g. change of company name or address). Articles of amendment are filed with the corporation's state in order to submit amendments to articles of incorporation.
When to Use Maryland Articles of Incorporation
Maryland articles of incorporation are essential to establishing a corporation at the state level. Use them to do the following:
- Form a new corporation: This document officially creates your company as a distinct legal entity
- Register with the state: Filing is required to register your corporation with the Maryland State Department of Assessments and Taxation
- Define company structure: Your articles outline the basic structure of your corporation
- Protect personal assets: A properly maintained corporation can help shield personal assets from business liabilities
- Plan your tax approach: Forming a corporation is the first step toward choosing C corporation or S corporation tax treatment
- Comply with state law: Maryland sets specific requirements for forming a corporation, and your articles help you meet them
- Prepare for future growth: Well-drafted formation documents give your business room to expand
How to create your articles of incorporation
Select Maryland as your state.
Our articles of incorporation template dynamically changes according to the selected state's requirements. Since each state decides what details will be necessary to form a corporation, the required information can vary from one state to another.
Provide the corporation's name, company address, and other details
When choosing your business name, it is important to consider your state's naming requirements. As for your corporation's company address, keep in mind that it will function as an official business address. For this reason, a street address will most likely be required.
Set forth the corporation's board of directors and officers
Maryland requires your articles to name the corporation's initial directors. Directors oversee the corporation and appoint its officers.
Describe the corporation's stock information
Outline the types and number of shares that the corporation is authorized to issue. This is crucial for capital structure and investment strategies. Corporate stock represents an ownership interest in a corporation, typically divided into shares that signify a proportionate ownership stake in the business.
Why Create Articles of Incorporation and a Corporation?
A corporation is a business entity formed separately from its owners. It can take on its own business debts, expenses, and tax liabilities.
The corporate structure creates a legal separation between the business and its directors, owners, and officers. This can shield them from personal liability if the business faces financial or legal trouble.
This limited liability protection is not absolute. It can be lost if owners fail to follow proper business practices or engage in fraud.
Maryland Articles of Incorporation Requirements
Maryland sets its own rules for what your articles must include, who can sign them, and what else you must file. These are the Maryland rules to know before you file.
What Must Maryland Articles of Incorporation Include?
Maryland requires your articles to include the following:
- The name and address of each incorporator, with a statement that each is at least 18 and forming a corporation under Maryland law
- The name of the corporation
- The corporation's purposes, or a statement that it may engage in any lawful business
- The address of the principal office
- The name and address of the resident agent
- The total shares, the shares in each class, and their par value or a statement that they have no par value
- The number of directors and the names of the initial directors
Who Can Sign and File Maryland Articles of Incorporation?
One or more adults may act as incorporators of a Maryland corporation. They must sign and acknowledge the articles before filing them. You file your articles with the Maryland State Department of Assessments and Taxation.
Does a Maryland Corporation Need a Registered Agent?
Maryland requires every corporation to have a resident agent, Maryland's term for a registered agent, and a principal office in the state. Your articles must give the resident agent's name and address.
What Else Is Required to File Maryland Articles of Incorporation?
Maryland has this additional requirement when you file:
- The incorporators must sign and acknowledge the articles.
These requirements reflect Maryland's corporation statutes, and some filings may call for more information.
Why choose LegalNature?
Frequently asked questions
Why do I need to file Maryland articles of incorporation?
Your articles give the Maryland State Department of Assessments and Taxation the information it needs to approve your new corporation. State business laws protect consumers and residents, so corporations must meet these requirements to receive the benefits of the corporate structure.
In what state should I register my corporation?
Although businesses can register to conduct business in any state, most businesses choose to organize their corporations in the state where their principal office is located. Although it may make sense to choose a different state for a corporation because of that state’s tax treatment, some states impose additional taxes, making it cheaper to organize under a neighboring state’s laws. If you are considering establishing your corporation in a state other than your own, it is important that you investigate whether that state requires additional paperwork.Â
Will I need a registered agent?
A registered agent is an individual or business entity residing within the company's state. All registered agents must maintain normal business hours at a physical address that is open to the public. The registered agent’s main function is to ensure reliable communication between the company and any third party, by receiving and forwarding legal documents, notices, or other requests to the company. It is mandatory that every company provides the registered agent's full name. If the registered agent is a business entity, then you should include the entity designation of the business such as Inc. or Co. It is also mandatory that every company provides the address where the registered agent is required to receive any legal correspondence. Check with your state regarding any specific requirements for listing the registered agent's address. LegalNature provides the registered agent with the option to use the company's physical address, the company's mailing address, or any other address where the registered agent is willing and able to receive mail. It is important to point out that some states require the registered agent’s consent in order to be named as such.Â
How do I file my articles of incorporation in Maryland?
You file your articles with the Maryland State Department of Assessments and Taxation, along with any required filing fee. Many states accept filings online or by mail, and mailed filings usually take longer. Some states also offer expedited processing for an extra fee.