1. How much does a business license cost in Maryland?
There are 17 business licenses in Maryland. Depending on the nature of your business and the industry your business operates in, you must obtain one or more licenses, or do not need any. If you plan to conduct business in Maryland, you should know about the 3 most common licenses’ cost below.
Unless your business may not offer for sale (like growing or manufacturing), you must obtain the trader’s license in Maryland. The traders license fee is determined by the wholesale value of your retail inventory. It costs from $15 to $800 with inventory amounts ranging from 0 to 750,001 and over. You also need to pay a $2.00 issuing fee for each type of license.
2. Chain store
A chain store license is required in Maryland if you run two or more retail stores under the same general management or ownership. The fee starts from $5 for 2-5 stores, and peaks at $150 for more than 20 stores. Cecil and Baltimore City apply different fee ranges, so if you are going to open chain stores in these 2 cities you should take more time to check out the cost.
Any business who constructs new homes or participates in the home purchasing process is required a construction license. This business license cost differs from county to city, particularly:
$30 in Cecil County,
$40 in Baltimore City and
$15 in all other counties
$50 for out-of-state construction companies.
For more information on business license cost in Maryland, you can visit the state’s Business License Information System website.