Bill > H2777

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.

Government Affairs

https://malegislature.gov/Bills/191/H2777