For Immediate Release:
December 11, 2020
Contact: Meghann Malone
SDAT Reminds Businesses to Verify Good Standing Status, Prepares for 2021 Filing Season
2021 Extension System is Live, Annual Report “Blackout” Period Scheduled
“Our Department has taken unprecedented steps to keep Maryland businesses in Good
Standing during this pandemic, as their success is vital to so many in our
communities and to Maryland’s economy,” said SDAT Director Michael Higgs. “Online
services released since April have helped thousands of businesses revive and
continue operating in the state, and we remain committed to doing anything we
can to encourage their success.”
Some Maryland businesses that are delinquent on their legal filing requirements will
be forfeited on December 15, 2020 if those issues are not remedied first.
Forfeiture notices have been mailed out to these businesses, and SDAT’s online forfeiture search
may also be used to determine if this applies to your business. Any businesses facing forfeiture should review SDAT’s Good Standing Checklist
to determine what steps need to be taken. Beginning in 2021, all forfeited legal entities, including foreign entities and domestic non-stock corporations, will be required to file a past-due Annual Reports to regain Good Standing status, and it is significantly easier to remedy these issues before a business is forfeited than afterwards.
In preparation for the 2021 filing season, the Department will be disabling online
submissions of all Annual Reports from January 1 through January 8. Any Annual
Reports in “draft” status on or before noon on December 31, 2020 will be
deleted. Business owners will also receive email reminders in the coming weeks
to complete any unsubmitted Annual Reports.
Since March, the Department has released 15 new online services that make it significantly easier for businesses to remain in Good Standing status, a requirement necessary for many types of Coronavirus-related relief. Approximately 10,000 filings have been submitted using one of those new options, and 350,000 total filings have been submitted online so far in 2020.