Maryland Corporate Name
The corporation’s name must contain the word "Corporation," "Incorporated," "Limited" or an abbreviation thereof. For banking corporations, the words "Bank," "Banking" or "Bankers" may be used. The name may not contain language stating or implying that the corporation is organized for a purpose other than the one permitted by the Articles of Incorporation. The name cannot be the same as or deceptively similar to that of a domestic or foreign qualified corporation. Listing wording within parentheses within the company name implies multiple names and is not allowed.
The following are Maryland’s requirements for directors of corporations:
- Minimum number.
Corporations must have one or more directors.
- Residence requirements.
Maryland does not have a provision specifying where directors must reside.
- Age requirements.
Maryland does not have age requirements.
- Inclusion in the Articles of Incorporation.
Director names and addresses are required to be listed in the Articles of Incorporation.
Requirements for the Articles of Incorporation
The document required to form a corporation in Maryland is called the Articles of Incorporation. The information required in the formation document varies by state. Maryland's requirements include:
Officer names and addresses are not required to be listed in the Articles of Incorporation.
Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value can affect initial filing fees.
- Registered agent.
Corporations must list the name and address of a
with a physical address (no post office boxes) in Maryland. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.