How Do I Start an LLC in Massachusetts? Cost and Requirements for Starting an LLC in Massachusetts

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Initial Costs

The main cost to start an LLC in Massachusetts is the $500 filing fee with the Secretary of the Commonwealth. Massachusetts also requires LLCs to file an annual report for an additional $500. Some LLCs may also need to pay fees for business licenses, permits, insurance, and a resident agent.

Steps to Start an LLC

To start a Massachusetts LLC, follow these steps:

  1. Name your business and check name availability.
  2. Appoint a Massachusetts resident agent to receive legal documents.
  3. File the Articles of Organization and create an operating agreement to guide business operations.
  4. Obtain licenses, permits, an Employer Identification Number (EIN), and open business bank accounts.

Timeframe for Formation

Setting up an LLC in Massachusetts can take anywhere from a few hours to a few weeks, depending on complexity. Filing the Certificate of Organization is crucial and must include the LLC’s identification details, general purpose, and manager and document executor names and addresses.

Understanding how to form an LLC in Massachusetts by following state regulations is essential for a strong foundation. With compliance, you can set up your Massachusetts LLC in 2024 successfully.

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