To open a business account, certain steps must be taken. Below, please find links to assist you.
Beneficial Ownership Form
This form must be completed by the person opening an account on behalf of a legal entity with any of the following U.S. financial institutions: (i) a bank or credit union; (ii) a broker or dealer in securities; (iii) a mutual fund; (iv) a futures commission merchant; or (v) an introducing broker in commodities. For the purposes of this form, a legal entity includes a corporation, limited liability company, or other entity that is created by a filing of a public document with a Secretary of State or similar office, a general partnership, and any similar business entity formed in the United States or a non-U.S. country. Legal entity does not include sole proprietorships, unincorporated associations or natural persons opening accounts on their own behalf.
File Your Personal Property Return
If your business owns, leases, or uses personal property located in Maryland with a total original cost of $20,000 or more, you MUST file a Personal Property Tax Return.
Maryland Business Express
Maryland Business Express contains more than 150 resources compiled by 13 state agencies to help aspiring entrepreneurs and existing business owners plan, start, manage, and grow a business.