The first step in establishing a business in the State of Maryland is to determine which form of business structure is most appropriate for your operations. This article provides a stepbystep guide to starting an LLC in Maryland, including the cost.Here are some things you need to know and do to comply with your responsibilities as a new Maryland business. Complete a Combined Registration Application. Maryland family farms have specific rules and statutes which apply to them regarding their operating as a business entity. Starting an LLC in Maryland involves three main steps: naming your business, choosing a Maryland registered agent, and filing state formation paperwork. Business structures can help limit your liability and set your farming operation up to continue through generations. Sole proprietor farmers file Schedule F, Profit or Loss from Farming. Sole proprietors generally do not have taxes withheld from their income so they usually make quarterly estimated tax payments. Just keep a copy with your business records.
