From registering a business to seeking funding and applying for grants, this Massachusetts business startup guide details all you need to know. This guide covers starting a small business in Massachusetts—from picking the idea, drafting a plan, registering a business, and preparing for a launch, to seeking funding.
An LLC costs $500 to form in Massachusetts. This filing fee is paid for the Certificate of Organization submitted to the Secretary of the Commonwealth. Additional costs may include hiring a lawyer or accountant for formation help, obtaining an EIN from the IRS, registered agent fees, licensing, permits etc.
The process involves 7 key steps – developing a business idea, choosing a structure like an LLC, crafting a business plan, registering with the state and IRS, securing funding, obtaining licenses and permits, and launching. Massachusetts boasts a thriving economy, educated workforce and community supporting local businesses.
Do You Need a Business License?
Business License: Most businesses in Massachusetts are required to obtain a general business license from the city or town where their business is located.
Steps to Acquire a Sales Tax Registration
- Visit the MassTaxConnect website.
- Go to the New Business Registration section.
- Enter the required information, which includes your federal employer identification number (EIN), legal and mailing addresses, and contact information for a business officer.
Costs and Process
The cost of a business license in Massachusetts will depend on your business type and the required licenses it needs. There is no cost for a sales tax registration but you might have to spend between $50 to $350 on professional licenses.
How much your business license in Massachusetts costs may depend on several factors such as your city and type of business. There is a $50 fee to file your business application in both Worcester and Northampton, MA. The fee can start as low as $65 if your business is in Boston, and there’s an additional $35 fee if you’re not a Massachusetts resident.
To apply for a business license in Massachusetts, you must contact the local city or town clerk’s office for the area in which the business will be located. Generally, it takes a few days to a few weeks to complete the process.
Avalara can help you identify the licenses you need and prepare applications. Start now with packages beginning at just $99.