What are the steps to start a business in Maryland?

Asked 9 months ago
To start a business in Maryland, follow these steps. Firstly, determine your business structure and register it with the Maryland Department of Assessments and Taxation (SDAT). Secondly, obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). Next, fulfill any licensing and permit requirements that pertain to your specific business. Additionally, secure any necessary professional or occupational licenses if applicable. Create a business plan and consider seeking funding options. Register for Maryland business taxes and obtain necessary permits for sales and use tax if applicable. Furthermore, consider insurance coverage to protect your business. Lastly, make sure to comply with all labor and employment laws, and fulfill your obligations for reporting and paying taxes. For more comprehensive information, refer to the Maryland Business Express website or consult professionals.
Jeff Whelpley is the editor / author responsible for this content.
Answered May 3, 2024

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