The Massachusetts Secretary of State’s website should be your first stop if you want to learn who owns a Limited Liability Company (LLC) in Massachusetts. In Massachusetts, every LLC must file a registration form with the Corporations Division of the Secretary of State. Once on the website, you can perform a search for an LLC using either the name of the LLC or the name of the registered agent. You can learn more about the LLC, its registered agent, and its members by visiting the website.
You might try contacting the LLC directly if you can’t locate what you’re searching for on the Secretary of State’s website. The majority of LLCs offer contact details on their websites or in the paperwork they use to register their business. You can get in touch with the LLC and request details regarding its ownership structure.
You must submit a Certificate of Incorporation to the Corporations Division of the Secretary of State if you want to establish a corporation in Massachusetts. The name, address, registered agent, and names and addresses of the corporation’s directors should all be listed on the certificate of incorporation. There is a filing cost as well, which is now $275. The price to form a corporation or a S corporation in Massachusetts
In Massachusetts, forming a corporation is not particularly expensive. You might have to pay for legal and accounting assistance to help you form your corporation in addition to the filing fee. In Massachusetts, the cost of forming a S corporation is comparable to that of forming a regular corporation. Corporation versus LLC
Although they are both forms of company formations, a corporation and an LLC have some significant differences. A corporation can own property, enter into contracts, and bring or receive lawsuits since it is a distinct legal entity from its owners. A hybrid organization called an LLC, in contrast, combines the tax benefits of a partnership with the liability protection of a corporation. Although setting up an LLC is frequently simpler and less expensive than doing so for a corporation, they might not be the ideal option for all businesses. In the end, the decision between a corporation and an LLC will be based on the specific requirements and objectives of your company.
Whether to create an LLC or a S corporation relies on the particular requirements and objectives of your company. The two have some significant variations in terms of taxation, management structure, and ownership limits. The optimal entity type for your circumstances should be determined after consulting with a legal or financial expert.