- An Overview of the Process
- Filing Requirements
To form a corporation in Massachusetts, you must file Articles of Organization with the Massachusetts Secretary of State, pay a fee, and obtain required licenses or permits. The filing fee is $500. Corporations must obtain the necessary business licenses before they can conduct business in Massachusetts. When naming your Massachusetts Corporation, you will need to follow Massachusetts Name Requirements and complete a Name Search with the Massachusetts Secretary of State. You may also want to consider securing a domain name.
Cost and Timeline for Registering a Corporation
How much does it cost to register a corporation in Massachusetts? The breakdown of the required fees is as follows:
- Articles of Incorporation Filing Fee – $275 (up to 275,000 shares)
- Annual Report Fee – $15
In total, expect to set aside at least $290 to form a corporation in Massachusetts. The processing time can take two to three business days online or up to 10 business days via mail.
Professional Corporations in Massachusetts
Some states, including Massachusetts, allow certain occupations to form Professional Corporations. Massachusetts General Law specifies some of the professions permitted to form a Professional Corporation in Massachusetts. The main advantage of Forming a Massachusetts Professional Corporation is that malpractice by one Professional will not affect other Professionals if they were not involved. Depending on what you want to do, approval from a specific Massachusetts state agency or board may be required before the Secretary of the Commonwealth will approve a new Massachusetts Professional Corporation filing, adding to the total processing time.
General Information
Incorporating a business allows you to establish credibility and professionalism. The costs to start a corporation in Massachusetts are $275 formation fee and $125 annual report fee. It typically takes about 5 to 7 days to incorporate in Massachusetts. Incorporate.com will handle all filing requirements and provide you with the total cost to get your business up and running.