Annual Fee for LLC in Massachusetts: What You Need to Know

Is there an annual fee for an LLC in Massachusetts?
The costs to start an LLC in Massachusetts are significant. LLCs pay a $500 formation fee and $500 annual report fee. Most corporations pay only $275 to get started then $125 per year.

If you intend to establish a limited liability company (LLC) in Massachusetts, you might be curious about the associated annual fees and reports. In this article, we’ll address some of the most popular queries people have about how much it costs to establish up and run an LLC in Massachusetts. Yes, there is an annual cost for LLCs in Massachusetts. The $500 annual fee is due by the anniversary date of the creation of your LLC. Punishments and eventual LLC dissolution could follow late payment of the charge.

What does an LLC annual report entail? LLCs in Massachusetts must also pay an annual fee and submit an annual report to the Commonwealth’s Secretary. The report contains fundamental details about your LLC, like its name, address, and members’ names. The annual report filing fee is $125. In Massachusetts, how much does it cost to form a corporation? The filing cost is $275 if you’re thinking about incorporating a corporation in Massachusetts. When you file your articles of incorporation with the Commonwealth Secretary, you must pay this charge. In Massachusetts, how much does it cost to file a DBA? Doing business as (DBA) names are referred to as “trade names” in Massachusetts. $50 is the filing fee for a trade name. When registering a trade name with the Commonwealth Secretary of the Commonwealth, this cost must be paid.

How much does a Massachusetts Certificate of Good Standing cost? A certificate of good standing is a document that certifies your LLC or corporation is legitimate and in good standing with the state of Massachusetts. $20 is the cost of a certificate of good standing. At the time of the request, this fee must be paid.

In conclusion, Massachusetts requires annual fees and reporting for creating and sustaining an LLC. To ensure that your LLC complies with state rules, it is crucial to comprehend these expenses and demands. It is advised that you speak with a legal expert who can offer advice and support if you have any additional queries or worries.

FAQ
Also, how do i get a certificate of good standing in massachusetts?

You must make a request for a Certificate of Good Standing with the Massachusetts Secretary of State’s office. The certificate can be ordered online, by mail, or in person. The certificate will attest to your LLC’s registration and adherence to Massachusetts state regulations. Remember that depending on how you seek the certificate, there can be a price associated with it and that processing times might change.

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