Are you currently serving as a Maryland registered agent, but no longer wish to fulfill this position?
The state of Maryland has a simple process for resigning as a registered agent, but you should be aware of the relevant rules and regulations before you attempt to do so. In this guide, we’ll tell you everything you need to know to resign as a registered agent in Maryland.
Guru Tip: If you would prefer to have a professional service deal with the paperwork and take over registered agent duties, hire a Maryland registered agent service. It’s just a small annual fee.
How to Resign as a Registered Agent in Maryland
If you no longer wish to serve as a registered agent for a Maryland corporation, limited liability company (LLC), limited partnership, limited liability partnership, or business trust, there’s one simple document you’ll need to fill out.
While there’s no official form, registered agents wishing to resign will need to draft a statement of resignation to be sent both to the business entity and the Maryland Department of Assessment and Taxation. To draft the statement, you should include the following details:
- Your name
- The name of the business entity from which you are resigning
- The state in which the entity was organized/incorporated
- Address of the entity’s principal office
- A brief statement outlining the resignation
- Address of the resigning resident agent
- The date
- The name and signature of the resigning agent
After you’ve drafted the statement of resignation, you must mail one copy to the business entity and one copy to the Maryland Department of Assessment and Taxation at the following address:
State Department of Assessments and Taxation
301 W. Preston Street; 8th Floor
Baltimore, MD 21201-2395
In contrast to many business filings in the state of Maryland, there is no fee to submit a statement of resignation of registered agent. Standard processing of documents with the Maryland Secretary of State generally takes between 4 and 6 weeks, although you may choose to have your processing expedited for an additional charge of $50.00.
In the state of Maryland, it is the resigning agent’s responsibility to notify the business entity of the resignation. When you submit the statement of resignation to the Maryland Secretary of State, you are also required to submit a copy of the resignation document to the business entity as written notice of the change.
The process for resigning as a registered agent for a Maryland business entity is quite simple, but it’s very important that you complete these steps accurately.
You certainly don’t want to make a mistake that leads to your resignation not being processed correctly, because registered agents are liable for failure to fulfill their responsibilities. We hope this article answered any questions you had about resigning as a registered agent in Maryland!