Can I eSign Maryland General Partnership Agreement

Can i document type e sign general partnership agreement maryland

are you looking to start a partnership in Maryland if so you are in luck in a sense that it is is easy and it's free unless you're trying to register a trade name now I you're unlucky in the sense that partnerships in Maryland don't seem to be at least any more of a huge importance the only two kinds you can form online are which is the only way that you can incorporate anymore or a general partnership and a sole proprietorship both of which are free because uh because they're so they're so loose and non-binding and kind of not essential so anyway I I'm just going to show you really quick how to do it um basically before you get started make sure that you you have a name picked out that's unique if you're not sure if it's unique just cross-reference the business entity search function on the Maryland government's website with your name hopefully hopefully it is indeed unique and and you'll have to register for an account with business Express which is the portal through which you will be filing and for help with that you just click here you'll be taken right to our tutorial and that's all you need to know now moving forward you log into your account which you now have you said select create a new business filing here you select general partnership scrolling down you you fill out a few quick forms uh you know how how much property you have if you have property your address your registered agents address etc whether you're going to need licenses you get you know you add the owners you certify that it's all correct and finally you get uh you know they they say okay well you've you've you've done it so congrats now a trade name is a bit different so you might not need one they have a little questionnaire here if you answer yes to any of these questions then you will need a trade name and in that case you will need to pay and you'll need to fill out another series of forms so if it is the case click apply for trade name here and you enter your trade name there hit Search names and it's just like the last set of forms it's just more forms slow more data entry again certify that it's correct now you'll be taken to an invoice for your seventy five big ones you pay it off and that's all she wrote and and after that you're going to want to get an EIN an employment identification number so that you will be able to be taxed by the IRS and thus be able to conduct business officially you're going to probably want to draft a partnership agreement which we can help with we have templates available in ms word and PDF formatting for for partnership agreements you just plug in your information and go it's an important document even though it's not legally binding just to avoid legal disputes in the future with the government between partners what what have you it's important to have a document that explicitly says who gets what how the thing is organized and any other rules and regulations that the the parties and the you know the members partners want to abide by finally to renew um you have to get a DI dat identification number which is actually just the first part of this tutorial where you you file the GP that's what you're getting is the tax number from Maryland and you're gonna have to file an annual business personal property return which is built into the business Express portal so really pretty simple fare but don't forget to do it because it's not unlike other entities where it's built into the tax filing here you have to file a specific point so um and you can get more information on that there and and that's all you need to know about forming a partnership in Maryland thank you