The short answer
If you miss the April 15 Maryland Annual Personal Property Return (Form 1) deadline, SDAT may forfeit your LLC, which removes your good standing and can suspend your ability to do business or sue in Maryland. You can reinstate by filing the overdue return and paying the required fees.
The deadline and the form
Maryland requires most LLCs and corporations to file the Annual Personal Property Return (Form 1) by April 15 each year. The return reports personal property owned by the business for tax assessment purposes. It is separate from your federal tax return.
What forfeiture means
If the return is not filed, SDAT may forfeit the entity. A forfeited LLC loses its Certificate of Good Standing, which banks, lenders, and state agencies often require. You may also lose the right to bring a lawsuit in the name of the business until you reinstate.
How to recover
Reinstatement involves filing the overdue Form 1, paying any penalties and back fees, and confirming your Resident Agent is current. Our LLC Reinstatement Assistance starts at $100, and Annual Report filing assistance is a separate $50 service. It is not included in the $50/year Resident Agent fee.
This is general information, not legal or tax advice.
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