How to Create a Series LLC in Maryland

What Is a Series LLC?

A Series LLC is a unique form of a limited liability company that allows for the creation of multiple, distinct series or cells within a single LLC. Each series operates independently, with its own assets, liabilities, and members. This structure allows for the segregation of assets and liabilities among the series, providing a flexible and cost-effective way to manage multiple business ventures under one umbrella entity.

Does Maryland Allow Series LLCs?

As of the current date, Maryland does not authorize the formation of Series LLCs under its state laws. The Maryland Limited Liability Company Act does not include provisions for the creation of Series LLCs, and therefore, businesses seeking to form a Series LLC must consider other jurisdictions that permit such structures.

Maryland Series LLC Filing Fees and Costs

Since Series LLCs are not permitted in Maryland, there are no specific filing fees or costs associated with them in the state. Businesses should consult the fee schedules of states that allow Series LLCs for accurate information.

Maryland Franchise Tax and Series LLCs

Maryland does not impose a franchise tax on Series LLCs, as they are not recognized under state law. Businesses operating in other states should review the tax obligations specific to those jurisdictions.

Additional Resources

• Maryland Secretary of State
• Maryland Business Division
• Maryland Online Filing System
• Maryland Department of Revenue
• Contact: Maryland Secretary of State, Phone: (410) 974-5521, Email: sos@maryland.gov

This article provides general information about Maryland LLC formation requirements under the Maryland Limited Liability Company Act. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.