Fillable Articles Of Dissolution Form - Maryland (Page 4 of 6) in pdf

SDAT: Corporate Charter

Information Guide For Dissolving a Maryland Corporation &

Terminating a Foreign Corporation's Right to do Maryland Business

Dissolving a Maryland Corporation

I. The enclosed guidelines for drafting Articles of Dissolution merely indicate the mandatory provisions

which must be included in Articles of Dissolution in order for the document to be accepted by the

Department. The guidelines do not provide any aid in drafting optional provisions to modify the Articles of

Dissolution to suit specific situations. Furthermore, the guidelines do not provide any advice on the legal

and tax repercussions of dissolving the corporation.

II. Requirements of the Department to dissolve a corporation:

(A) Articles of Dissolution must be received and approved by the Department. (See III)

(B) All personal property reports including the current year's report must be filed with the Department.

NOTE: In order to inquire as to whether the personal property returns are current you should contact the

Department of Assessments and Taxation, Personal Property Division, 301 West Preston Street Baltimore,

MD 21201 or telephone 410-767-1170.

(D) If Articles of Dissolution are filed between January 1 and April 15, the current year's personal

property report will not be required to be filed if:

1. A notarized affidavit signed by a representative of the corporation accompanies the Articles of

Dissolution and indicates that the corporation owned no tangible personal property on January 1 of the

current year; or

2. The tangible personal property is transferred prior to dissolution and a transfer of property report is filed

with the Articles of Dissolution. (The transfer of personal property report form can be obtained by

contacting the Department at 410-767-1180.)

If the requirements of (1) or (2) are not satisfied then the current year's personal property report must be

filed, and the assessment of that personal property must be certified to the subdivisions where the property

is located. The personal property taxes for the next year beginning July 1 must be paid prior to filing the

Articles of Dissolution.

(E) If Articles of Dissolution are filed between April 16 and June 30, the current year's personal

property report will have to be filed. Personal property taxes generated from the assessment of that report

will not have to be paid if:

1. The report indicated that the corporation owned no tangible personal property on January 1 of the

current year; or

2. The tangible personal property of the corporation is transferred prior to dissolution and a transfer or

personal property report is filed with the Articles of Dissolution. (The transfer of personal property report

form can be obtained by contacting the Department at 410-767-1180.)

Articles Of Dissolution Form - Maryland Page 4