summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the reporting requirements of limited liability partnerships and certain corporations. State Administration and Regulatory Oversight.
AI Summary
This bill makes several changes to the reporting requirements and administrative procedures for limited liability partnerships, limited partnerships, limited liability companies, and foreign corporations in Massachusetts. Key provisions include:
- Removing the requirement to report the federal employer identification number for limited liability partnerships.
- Allowing the Secretary of State to administratively revoke the registration or authority of these entities if they fail to file annual reports or pay required fees.
- Permitting electronic filing and providing a process to correct errors in previously filed documents.
- Establishing a "pre-clearance" process where entities can have records provisionally approved before filing for a $100 fee.
- Increasing penalties for foreign entities that transact business in Massachusetts without properly registering.
- Allowing the Secretary of State to dissolve or revoke the authority of these entities if they become inactive or fail to comply with filing and fee requirements.
Overall, the bill aims to streamline administrative processes and enhance the Secretary of State's ability to maintain accurate records and ensure compliance by these types of business entities in Massachusetts.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Accompanied a study order, see H5103 (on 11/06/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/191/H2777 |
Bill | https://malegislature.gov/Bills/191/H2777.pdf |
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