If you want to start a business in Massachusetts, you might be wondering if you need to register it with the government. Yes, regardless of whether you intend to conduct business as a sole proprietorship, partnership, corporation, or limited liability company (LLC), you must register your firm with the state of Massachusetts.
The Secretary of the Commonwealth must receive your articles of incorporation if you intend to register a corporation in Massachusetts. The name and purpose of the corporation, the names and addresses of the directors, and the total number of authorized shares of stock must all be listed in the articles of incorporation. A filing fee, which varies based on the sort of corporation you are incorporating, will also need to be paid.
You must submit Articles of Organization to the Secretary of the Commonwealth in order to create an LLC in Massachusetts. The name and address of the LLC, the name and address of the registered agent, and the names and addresses of the managers or members must all be listed in the Articles of Organization. The filing fee, which is presently $500, must also be paid.
Although it can be challenging, starting your own business can be very rewarding. Developing a business idea and a business strategy are the initial steps in beginning your own company. Additionally, you will need to choose a business structure and register your company with the government. Additionally, you will need to set up your business accounts and acquire all required licenses and permits. Is It Better to Create an LLC or DBA Keeping This in Mind?
Depending on the demands of your particular firm, an LLC may be preferable than a DBA. Due to the limited liability protection offered by an LLC, the business’s owners are not held personally accountable for its debts and obligations. A DBA name, or “doing business as” name, is merely a moniker you use to conduct business; it offers no legal protection. In the end, your particular business needs and objectives should be taken into consideration when choosing between forming an LLC and a DBA.
In conclusion, one of the requirements for opening a business in Massachusetts is to register your company with the state. You must meet the state’s registration requirements regardless of whether you decide to set up a corporation, LLC, single proprietorship, or partnership. By doing this, you can make sure that your company is acknowledged legally and is able to run in accordance with local rules and laws.