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Tag Archives: Business Law

What Is a Maryland Resident Agent?

A Maryland resident agent is a person designated by a Maryland business to act as the company’s publicly identified point of contact to receive and forward official documents or notices on behalf of the company.   State law requires any company lacking a physical address in Maryland to designate a resident agent. In addition to […]

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SDAT Increases Business Personal Property Exemption

The Maryland State Department of Assessments and Taxation (SDAT) recently raised the exemption for all Maryland businesses on personal property assessment from $2,500 to $20,000.   HB268 took effect on June 1, 2022 and will save Maryland businesses from paying over forty million dollars in assessments. This legislation also prevents the SDAT from the collection […]

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