Maryland PLLC Operating Statement
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How to fill out PLLC Operating Statement?
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FAQ
Maryland Code, Corporations and Associations § 4A-402: In Maryland, an Operating Agreement is not a legal requirement to form an LLC. However, having one defines member responsibilities, business operations, and offers a framework for resolving potential disputes within your LLC.
You should make sure you have an operating agreement for your PLLC. (Unlike most other states, Texas statutes refer to this document as a "company agreement.") Unlike professional licenses, articles of organization, naming restrictions, and service restrictions, this is not a state requirement.
In order to operate, LLCs require real humans (and other entities) to carry out company operations. Though it's not required by Pennsylvania law, any good lawyer will recommend having a written operating agreement for your LLC.
On the other hand, Maryland's Limited Liability Company Act permits a law firm to be a limited liability company, including a benefit limited liability company.
In Maryland, the fee to form an LLC is $100. Online submissions are processed within seven business days, while paper filings take four to six weeks. Paper filings can be expedited and processed within seven days for an additional $50. A certified copy of your document costs $20 plus $1 per page.
Maryland LLC Cost. The main cost of starting a Maryland LLC is the fee to file the Maryland Articles of Organization, which is $100 by mail or in person or $155 for expedited online filing. Maryland LLCs also need to pay a hefty $300 annual report fee every year.
The document required to form an LLC in Maryland is called the Articles of Organization. The information required in the formation document varies by state. Maryland's requirements include: Registered agent.