Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Finding a Registered Agent in Maryland for an LLC created in Virginia
Hey gang,
I'm wrapping up my first Flip (property I bought in Maryland), which I bought and plan to sell under the LLC I created in Virginia earlier this year. I was told I needed a registered Agent in Maryland. Can someone point me in the right direction as to a particuliar company/service I should use? Any advice would be beneficial.
Thanks!
- Investor, Entrepreneur, Educator
- Springfield, MO
- 12,869
- Votes |
- 21,918
- Posts
You can call just about any attorney, they probably won't charge you, but ask, as it is an opportunity to bill you later if they get any notices. You can change it later as well. :)
There are also registered agent services you can find on a Google search that can be an affordable option too (just plug in "registered agent services Maryland" and you'll find a ton) . A registered agent is someone who, among other tasks, primarily makes themselves available to receive documents on your behalf for business conducted remotely. It's typically required for your business entity that is located away from your area of occupation to have a registered agent in case certified (read: legal) documents need to be served and you are not accessible.
Chris,
I used mycorporation.com to register my Virginia company in MD. It cost me a couple hundred dollars to set up.
You don't have to have a registered agent in MD to operate there but if you do not register in the state then they withhold funds from your sale to ensure you pay taxes. It's a bit of a pain but it's doable.
-
Real Estate Agent
- Snow Goose Homes LLC
Originally posted by @Justin Pierce:
Chris,
I used mycorporation.com to register my Virginia company in MD. It cost me a couple hundred dollars to set up.
You don't have to have a registered agent in MD to operate there but if you do not register in the state then they withhold funds from your sale to ensure you pay taxes. It's a bit of a pain but it's doable.
Justin,
Sounds about the same as what InCorp is charging me: $100 for the state fee and $150 for their Foreign Qualification Fee. Plus a few bucks for shipping documents, etc.
Thanks to all who posted, really appreciate it!
InCorp is free for the first year, when you use their domain freeregisteredagent.com. After that it's $99/yr.
Chris,
Yeah, that's about right. I think you're good with what you've got.
Good luck.
-
Real Estate Agent
- Snow Goose Homes LLC
Originally posted by @Jay Phillips:
InCorp is free for the first year, when you use their domain freeregisteredagent.com. After that it's $99/yr.
Jay, Yes this is the route I went!!:)
One final follow up question:
Theres an 8-10 week delay in processing the forms and documents that need to be filed. of course I can pay $100-150 to expidite this, but is there a valid reason why I would need this to be done ASAP? Would I need it done before I sell the property I am currently holding in MD? Or does it make no difference?
I have the same scenario. I was under the impression I have to have a actual address in MD to register my VA LLC there. Is that incorrect?
You hire a company such as InCorp for a small yearly fee and they act as your registered agent. They have a physical mailing address in the state and they act as your "location" in the state should anyone need to contact you. I also heard a friend or family member in said state can be your registered agent but not sure what the qualifications would be and how to file the necessary paperwork.
Thanks for the insight.