This is the first step in starting your LLC. Do some research to make sure the name you choose is suited to your business venture. Here are some guidelines:
Is the name available? Make sure the name isn't already taken by doing a name search on the State website.
Is the URL available? Check to see if the name of your LLC is available so that you can reserve your domain name. Even if you don't plan to make a website today, you may want to buy the domain name in order to prevent others from acquiring it.
Did you follow naming rules? Follow the LLC naming guidelines detailed below.
LLC naming guidelines
Your entity name must contain the words Limited Liability Company or the abbreviation L.L.C. or LLC.
Some words are restricted or prohibited from use in names. Restricted words require additional paperwork (e.g. Banc, Bank, Banque, etc) and/or licensed individuals (e.g. Doctor, Engineer, etc). to be part of the LLC. Prohibited words are those that would confuse the name of your LLC with a federal or state agency e.g. FBI, Secret Service, Treasury etc.
A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. Such papers include service of process of legal action, and state filings.
You must nominate a Registered Agent for your LLC
All limited liability companies doing business in Maryland must have a registered agent with a Maryland State address. The registered agent must be a resident of Maryland or a corporation authorized to transact business in Maryland. A company may not act as its own registered agent, but you may elect an individual within the company.
Click here to learn why using a Registered Agent Service might be helpful.
An operating agreement is a legal document outlining the ownership and operating procedures of your LLC. This agreement allows you to form financial/working relationships with co-owners into an established system suitable to your business. It is not required to form an LLC in Maryland, but is good practice to have one.
Recommended: We provide a free operating agreement however we recommend getting one professional drafted by a lawyer, especially if you are starting a multi-member LLC.