Choosing the best business structure for your Maryland startup
Figuring out what type of entity you’d like to form is often the biggest decision
you have to make when starting a business. ClickAndInc.com has brought together
information about all different business types to help you choose the right one
for your Maryland startup.
C Corporation in Maryland
If you incorporate your new business in Maryland, your corporation will by default
be a C Corporation. Multiple classes of shares are allowed, and you may have an
unlimited amount of shareholders. A C corporation provides you with greater flexibility
than an S Corporation. You will report gains and losses on your corporate tax return.
ClickAndInc.com can help you register your
Maryland C Corporation today!
S Corporation in Maryland
S Corporations are set up in much the same way as a C Corporation, but there is
an additional form to fill out and submit to the IRS to obtain the “S” tax classification.
Your S Corporation must issue at least one share, but not to more than 100 shareholders.
S Corporations are pass-through entities, allowing gains and losses to be reported
on the owners’ individual tax returns.
ClickAndInc.com has more information on forming a
Maryland S Corporation.
LLC in Maryland
An LLC is a type of hybrid entity—it offers the liability protection of a corporation,
but is classified as a partnership for tax purposes.
Learn more about forming a
Foreign Corporation in Maryland
If a non-Maryland corporation wishes to expand and conduct business in Maryland,
they probably need to file as a Foreign Corporation with the Secretary of State
of Maryland. If you do not adhere to these requirements, you may be penalized or
We’ve collected more information about forming a
Maryland Foreign Corporation to help you decide.
Nonprofit Corporation in Maryland
Most nonprofit corporations obtain 501c3 status from the IRS. To become a 501c3
nonprofit corporation, you’ll first register as a basic nonprofit corporation at
the state level by submitting Nonprofit Articles of Incorporation. Then, you’ll
apply for the 501c3 status at the federal level.
ClickAndInc.com can register your nonprofit corporation—we can even assist you with
your 501c3 application! Take a look at more information on forming a
501(c)(3) nonprofit corporations.
Maryland Trade Name
A DBA in Maryland is called a Trade Name. Regardless of whether you’re an individual,
partnership, corporation, or LLC, your Trade Name is registered with the Department
of Assessment and Taxation of the Maryland Secretary of State.
See how ClickAndInc.com can help set up your
Maryland Startup Quicklinks
For information on other types of businesses in Maryland, please explore the links