A DBA (Doing Business As) must be registered in Massachusetts if you are doing business under a name other than your own. As an illustration, if your name is John Smith and you wish to operate a business under the name “Smith Consulting,” you must file a DBA. The Massachusetts Secretary of State’s office is the place where you can register your DBA.
The type of business entity you select will affect the cost of Massachusetts business registration. In Massachusetts, forming a corporation costs $275. Limited liability company (LLC) registration costs $500. A partnership must be registered for $500. Does Massachusetts Require the Registration of a Sole Proprietorship?
You don’t have to register your business with the state of Massachusetts if you run a sole proprietorship there. To lawfully run your firm, you might need to secure a few licenses and permits, though. What Does Massachusetts Define as a Small Business?
A small firm in Massachusetts is one that employs less than 500 people. A sizable component of the state’s economy is made up of small enterprises, and the state provides a range of tools and initiatives to aid in their expansion and success.
Finally, setting up a business in Massachusetts is a rather easy process. Depending on the kind of company entity you choose, the price and procedure change. It’s a good idea to speak with a business attorney or accountant that focuses on small business starts if you’re confused about the sort of business entity to select or what licenses and permissions you might require.
You must do the following actions in Massachusetts in order to launch your own business: 1. Select a business structure: Choose your company’s legal form, such as a corporation, LLC, partnership, or sole proprietorship. 2. Pick a name: For your company, pick an original and distinctive name that is not already in use.
3. Register your firm: To receive a business certificate, register your company with the Massachusetts Secretary of State’s office. 4. Obtain the required authorizations and licenses: Obtain any licenses and permits required for the legal operation of your business.
5. Obtain an Employer Identification Number (EIN) from the IRS: If you intend to hire staff members, you must obtain an EIN. In order to pay any required state taxes, you must register with the Massachusetts Department of Revenue. Set up distinct bank accounts and credit cards for business needs.
7. Establish business accounts. Create a thorough business plan that details your objectives, plans of action, and financial estimates.
9. Obtain insurance: To protect your company from liability and other dangers, think about purchasing business insurance.
10. Start your business: After finishing all the required processes, you are prepared to establish your enterprise and begin providing services to clients.