MASSACHUSETTS ANNUAL REPORT FILING REQUIREMENTS HOW TO
MASSACHUSETTS ANNUAL REPORT FILING REQUIREMENTS REGISTRATION
MASSACHUSETTS ANNUAL REPORT FILING REQUIREMENTS PROFESSIONAL

MASSACHUSETTS ANNUAL REPORT FILING REQUIREMENTS HOW TO

This can solve the problem of how to start an LLC in Massachusetts if your primary residence is out of state and you plan to do business in, but not maintain a physical office location within, Massachusetts. Inside Scoop: Many registered agent services will allow you to use their address as your official Commonwealth business address. These services are designed to handle official notices and any legal service of process for you so that you can spend your time growing your business instead of tracking receipt dates and response deadlines.

However, this could cause delays in receiving important communications if you are away from your business address.Ī simple solution is to use a registered agent service. If you wish, you can elect yourself or some other member of your LLC to serve as the company’s registered agent. You can appoint either an individual who is a state resident or a corporation that is authorized to conduct business in Massachusetts. Your registered agent agrees to receive all formal correspondence from the state and legal documentation served by any individual or entity. When thinking about how to start an LLC in Massachusetts, you must identify an individual or business to serve as your company’s registered agent. You may want to choose a website address that is more user-friendly and easier to type or remember than your actual name for example, “is the website for the Boston Museum of Fine Arts. Search available domains and reserve an address using a service like GoDaddy. Inside Scoop: This is a great time to make sure a website domain name that works for your business is also available. The reservation costs $30 and is good for 60 days.

MASSACHUSETTS ANNUAL REPORT FILING REQUIREMENTS REGISTRATION

If you want to ensure no one else scoops up your chosen name, you can reserve it while you learn how to start an LLC in Massachusetts and complete the LLC registration process. (A PLLC’s name must contain the corresponding phrase or abbreviation.)

MASSACHUSETTS ANNUAL REPORT FILING REQUIREMENTS PROFESSIONAL

If you are a licensed professional, like an attorney, CPA, physician or in another regulated profession, you can start a “ professional limited liability company,” or PLLC. Otherwise, the only rule for your new Massachusetts LLC’s name is that it must include either the phrase “limited liability company” or an acceptable abbreviation: LLC, LC, L.L.C. You also want to ensure that your potential name isn’t being used as a trademark by another business. To prevent this, you’ll need to search the state’s corporate naming database to see if the desired name for your company has already been taken, or if there is another business with a “deceptively similar” name. Massachusetts will not allow businesses to operate if their names mirror or too closely resemble those that are already protected by the state. If you’re ready to learn more about how to start an LLC in Massachusetts, let’s get started.

Starting a Massachusetts LLC is quick, easy and relatively affordable for the benefits it provides. For example, if you employ a nanny, gardener, house cleaner, tutor or other household help, forming an LLC can make it easier to comply with Massachusetts’ employment laws and tax requirements. Any income or loss from the venture is reportable on your personal state and federal income taxes rather than being subject to corporate or investment taxes.Ī Massachusetts LLC can be a useful tool for managing many other types of financial obligations, too. Your LLC may be eligible to take the Historic Rehabilitation Tax Credit, the Economic Development Incentive Program Credit and other state tax incentives related to the project.Īt the same time, your personal assets (like your home and savings) are safe if a contractor files a lien or any other legal action arises. You can form an LLC to purchase the property, hire and pay contractors and generally handle the property management. Learning how to start an LLC in Massachusetts can also help you take advantage of the state’s many business tax credits.įor example, say you’re interested in purchasing and renovating a historic home in Provincetown. Its owners - called “members” - can limit their personal liability for the debts and obligations of the business. A limited liability company, or LLC, is a type of business entity allowed under Massachusetts law.

Massachusetts annual report filing requirements