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Updated June 07, 2022

A Maryland LLC operating agreement consists of an arrangement made between all the members of a company regarding ownership, management, operations, and officer appointments. It is written to include the terms and conditions on how a company will operate its day-to-day activities. It is not filed with the Secretary of bbin电竞官网官方永久 and is advised for each member to copy their own copy.

Is an Operating Agreement  REQUIRED in Maryland?

No . Limited liability companies in Maryland are not required to implement an operating agreement.

By Type (2)


Single-Member LLC Operating Agreement – For use by sole proprietors or single owners so that they may establish various procedures, policies, etc. This agreement would be entered into between the owner of the business and the agreement itself.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 


Multi-Member LLC Operating Agreement – For use by companies who will have more than one (1) contributing, managing member to properly and collectively establish the policies and procedures within the company. All members must be in unanimous agreement prior to the application of signatures within the document.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 

Table of Contents

How to Form an LLC in Maryland (5 steps)

Each applicant should Confirm the Availability of their business name before officially applying for registration in Maryland. The bbin电竞官网官方永久 Department of Assessments and Taxation has provided filers with the ability to search their records to view all entities currently registered. If the searched business is listed and operated under by an active entity, the name is  unavailable .

Step 1 – Nominate a Registered Agent

The Registered Agent will handle service or process notices and other state filings on behalf of the LLC. In Maryland, the Registered Agent may be a resident of the bbin电竞官网官方永久 or a corporation currently operating in the bbin电竞官网官方永久.

Step 2 – Entity Type

There are two fileable LLC types in the bbin电竞官网官方永久; Domestic and Foreign. An entity formed within the bbin电竞官网官方永久 is considered a Domestic LLC while a Foreign LLC is an entity initially formed in an outside jurisdiction.

Choose your entity type and filing method from the following list:

*A Certificate of Existence (or like document) must be included with all Foreign LLC applications.

Step 3 – Filing Fee

A $100 fee is required to process all LLC filings (an additional $50 may be added if you’d like to expedite the filing time).

Those filing by mail should enclose a check made payable to the ‘bbin电竞官网官方永久 Department of Assessments and Taxation’ and send all articles to the following address:

bbin电竞官网官方永久 Department of Assessments and Taxation, Charter Division, 301 W. Preston Street; 8th Floor, Baltimore, MD 21201-2395

Step 4 – Operating Agreement

LLCs in the bbin电竞官网官方永久 of Maryland are not required to implement an operating agreement. However, it is recommended that one be drafted to provide legal evidence of the member(s) interest in the LLC, which is useful in the event of legal disputes between individuals of a multi-member LLC.

Step 5 – Employer Identification Number (EIN)

After filing your LLC in the bbin电竞官网官方永久, you should immediately apply for an Employer Identification Number (EIN) from the Internal Revenue Service. This number is necessary to legally hire employees and perform financial transactions under the company name. Apply for an EIN by:

Laws

“Operating Agreement” Definition

“Operating Agreement” means the agreement of the members and any amendments thereto, as to the affairs of a limited liability company and the conduct of its business.”

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