To start a Massachusetts LLC, first name your business and check name availability. Then, appoint a Massachusetts resident agent to receive legal documents. Next, file the Articles of Organization and create an operating agreement to guide business operations.
The main cost 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 need to pay fees for business licenses, permits, insurance, and a resident agent.
Filing the Certificate of Organization must include the LLC’s details, purpose, and manager and document executor names.
An operating agreement establishes members’ rights and serves as a guideline for operations. Creating one tailored to your needs is essential.
- Name your LLC
- Choose a resident agent
- File the Certificate of Organization
- Create an operating agreement
- Obtain an EIN
- Open a bank account
An operating agreement establishes members’ rights, responsibilities, and liabilities. It is a framework for resolving disputes and should be compliant with state laws.
Most LLCs do not need a DBA. The LLC’s name can serve as your brand. However, you may register a DBA to conduct business under another name.
Consider business structure and goals when starting an LLC. An LLC offers liability protection and flexibility. Corporations allow shareholders but have more complex filing requirements.
LLCs offer liability protection and tax advantages. Consider using a service to streamline the process.