We strive to make business friendly and easy!
I was attracted to the Town of Oakland for it's cultural amenities and it's sense of history and investment in the arts and entertainment" -Dave Bruffy, Owner of Smoke N Mirrors Photography and Studio
Find out everything you need to know about opening a business in Oakland!
Search the local commercial property database.
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Corporate Income Tax- 8.25% Maryland
Sales and Use Tax- 6.0% Maryland Personal Income Tax- 2%- 5.75% Real Property Tax-$0.99, effective rate per $100 assessed value Business Personal Property Tax- $0 Major Tax Credit Available through Garrett County- Enterprise Zone, Job Creation, R&D, Biotechnology and Cybersecurity Investment, Arts & Entertainment District, Garrett County Business Real Property Tax, Garrett County GIEC Real Property Tax Credit Oakland Incentives are listed below. |
Business Structure and Licenses
First, make sure you choose the right business structure in order to choose the appropriate name. If you need help creating a business plan, use the “virtual classroom” at http://www.va-interactive.com/sbdc/ot/modules.php?state_name=MD It offers free online instruction after setting up an account immediately with a user name and password.
Applications for a Maryland business license may be obtained from the Clerk of the Circuit Court, located on the first floor of the courthouse. The number for the Licensing Department is 301-334-1937.
You can also obtain application forms online at http://www.dat.state.md.us/Pages/sdatforms.aspx
Your Trader's License comes from the Courthouse and it ranges from $17-$802 depending on inventory amounts. Then you come to City Hall and we do not require a fee, but we sign your Trader's License and after your first year, then you will pay a CDMA (Commercial District Management Authority) due, which ranges from $35-$600 per year. This also makes you a member of the Greater Oakland Business Association.
Applications for a Maryland business license may be obtained from the Clerk of the Circuit Court, located on the first floor of the courthouse. The number for the Licensing Department is 301-334-1937.
You can also obtain application forms online at http://www.dat.state.md.us/Pages/sdatforms.aspx
Your Trader's License comes from the Courthouse and it ranges from $17-$802 depending on inventory amounts. Then you come to City Hall and we do not require a fee, but we sign your Trader's License and after your first year, then you will pay a CDMA (Commercial District Management Authority) due, which ranges from $35-$600 per year. This also makes you a member of the Greater Oakland Business Association.
Garrett County Economic Development
County and additional information can be found on Garrett County Economic Development's website.
Small Business Development Center
Garrett County Economic Development contracted the Small Business Development Center for one-on-one counseling:
Garrett Information Enterprise Center 685 Mosser Road McHenry, MD 21541 888-237-9007 ext. 6 |
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