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Bill > H2684


MA H2684

Reducing filing fees for single member LLCs


summary

Introduced
01/22/2019
In Committee
10/28/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to filing fees for limited liability companies. State Administration and Regulatory Oversight.

AI Summary

This bill reduces the filing fees for single-member limited liability companies (LLCs) in Massachusetts. Specifically, the bill amends the existing law to set the filing fee for the certificate of organization at $500 and the annual report fee at $250 for single-member LLCs, compared to $500 for multi-member LLCs. The goal of this bill is to lower the costs for individuals starting a small business as a single-member LLC in the state.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (23)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 10/28/2019)

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