If a company wants to conduct business in Massachusetts under a name other than their registered business name, they must file a DBA (Doing Business As) form. A trade name, false business name, or assumed name are further terms for a DBA. In Massachusetts, registering a DBA is a simple process, but it has a price. Several related concerns, such as how much it costs to register a business in Massachusetts, what constitutes a small business in Massachusetts, what happens if you don’t file your annual report, and how to create an annual report, will be addressed in this article.
The county where the business is located determines the cost of submitting a DBA in Massachusetts. The cost is between $30 and $50. For instance, the charge in Suffolk County is $50 while it is $35 in Worcester County. When submitting the DBA, the fee must be paid. How Much Does it Cost to Register a Business in Massachusetts, Likewise?
The legal structure of the firm affects how much it will cost to register in Massachusetts. For instance, creating a corporation costs $275 whereas registering a sole proprietorship costs $50. When submitting the registration, the fee must be paid. What Counts as a Small Business in Massachusetts?
What Happens If You Don’t File Your Annual Report, Likewise? A business may be closed down or suspended in Massachusetts if the owner fails to submit their yearly report. For failing to submit the report by the deadline, the state may potentially impose late fines or penalties.
A business owner must supply information about their company in order to create an annual report. This information consists of the company’s registered agent, legal business name, principal office address, officers’ and directors’ names and addresses. The report must also contain financial data, such as earnings, costs, and net income. The state-provided forms can be used to submit the report via mail or online.
In conclusion, the cost of registering a DBA in Massachusetts depends on the county where the firm is located. Depending on the business’s legal form, there may be fees associated with registering it in Massachusetts. Over 1.5 million individuals work for small enterprises in Massachusetts, which account for a sizeable portion of the state’s economy. The state may dissolve or suspend the business if an annual report is not filed, and there may also be late fees or penalties. A business owner can file an annual report by using the state-provided forms, supplying information about their company, including financial data, and submitting the report online or by mail.
The name of the business, its address, the name and address of the person who applied for the DBA, and a brief description of the nature of the business being done must all be included in a DBA annual report in Massachusetts. The names and addresses of all of the company’s officers, directors, and managers must also be included in the annual report.
If you intend to conduct business in Massachusetts under a name other than your legal name, you must register a sole proprietorship. The Massachusetts Secretary of State’s office must receive a DBA (Doing Business As) form in order to accomplish this.