One of the nation’s oldest and most historic cities is Boston. It was established in 1630 by Puritan settlers from England, who gave Boston, Lincolnshire, England as the town’s name. Trimountaine, the original name of the community, was a reference to the three hills that make up Beacon Hill, Copp’s Hill, and Fort Hill today. The town’s name was formally changed to Boston in 1632, and it has had that name ever since.
The history of the name Boston is fascinating. According to popular belief, it derives from the Old English terms “Botwulf” and “tun,” which together spell out “Botwulf’s Town.” Saint Botwulf was a Saxon hero renowned for his fortitude and valor. He was the subject of the English town of Boston, and it is possible that the colonists in Massachusetts called their town Boston in honor of the English town.
The sort of business structure you select when beginning a firm is among the most crucial choices you will have to make. Creating a corporation is one well-liked choice. Because a corporation’s owners are not personally responsible for the company’s debts or legal problems because the corporation is a different legal entity from its owners.
Each state has its own set of requirements for establishing a business, but Massachusetts has multiple steps in the process. The first step is to pick a name for your business and make sure it’s available. The Massachusetts Secretary of State’s office is where you must submit your articles of incorporation after that. The goal, organization, and ownership of the corporation are described in this document.
You must call a shareholder organizational meeting when the articles of incorporation are submitted. You will choose the company’s board of directors and ratify the bylaws at this meeting. In order to run your business in Massachusetts, you must lastly secure the required licenses and permits. Cost to Form a Corporation in Massachusetts
In Massachusetts, the price to form a corporation varies depending on a number of variables, including whether you work with an attorney to guide you through the process. Articles of incorporation are currently filed for a charge of $275. The cost of an attorney you hire will depend on how complicated your business is and what services you need. Sole proprietorship vs. LLC
Choosing the proper organizational structure for your firm can be challenging. A limited liability company (LLC) is a popular choice since it provides the same liability protection as a corporation with less paperwork and formalities. A sole proprietorship, which is the simplest and most typical business structure, provides an additional choice. However, the proprietor is liable for all debts and legal problems on an individual basis.
In conclusion, Boston has a long history that goes back to the early days of the United States and is named after a town in England. Create a corporation for your new firm in Massachusetts if you want to give it crucial legal protections. The procedure has a number of steps and can be expensive, but it might be worthwhile in the end. Choose the business form that is ideal for your firm by weighing the benefits and drawbacks of sole proprietorships and LLCs.
The query of how long it takes to approve an LLC in Massachusetts is unrelated to the subject of the article, which is the origin of Boston. The processing period for LLC formation in Massachusetts normally takes between 5-7 business days if submitted online and between 10-12 business days if filed by mail, to answer the question. Depending on the workload of the state government organization in charge of processing LLC applications, this timeline may change.