The submission of an annual report is a crucial requirement that all Massachusetts business owners must meet. This report is utilized by the state to update its data on your firm and acts as an official record of your company’s current status. We’ll show you how to submit your Massachusetts annual report online in this article.
Follow these easy procedures to file a company annual report in Massachusetts:
1. Log in to your account on the Massachusetts Secretary of the Commonwealth website. Select “File Annual Report” from the Corporation Division after logging in. 3. Double-check your company’s information, including the name, address, and registered agent. 4. Describe the shareholders, directors, and officials of your company. 5. Check and double-check the details about your company, then pay the filing fee. 6. Keep a copy of your confirmation page and watch for an update to your company’s status.
The procedure for completing your annual report is very similar to that of a corporation if you are an LLC owner in Massachusetts. This is how you do it: 1. Visit the Massachusetts Secretary of the Commonwealth website and log into your account. Select “File Annual Report” from the LLC Division’s drop-down menu. 3. Confirm the details of your LLC, including its name, address, and registered agent. 4. Provide information about the managers and members of your LLC.
In Massachusetts, how much does it cost to file an annual report?
Depending on the kind of business you own, Massachusetts has different filing fees for annual reports. The filing charge is $125 for corporations and $500 for LLCs. Contrarily, non-profit organizations must pay $15 for their yearly reports.
Massachusetts will consider your firm inactive if you don’t file your annual report with them. This implies that unless you file your report and pay the relevant costs, your firm will not be able to engage in any legal operations. If you fail to submit your report by the deadline, the state may also charge fines and interest on top of the filing cost.
Finally, you may quickly file your Massachusetts annual report online through the website of the Secretary of the Commonwealth. The process is simple and clear. To prevent fines or other repercussions, remember to submit your report before the due date.