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Bill > S199


MA S199

Relative to LLC filing fees


summary

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

Introduced Session

191st General Court

Bill Summary

For legislation relative to LLC filing fees . Economic Development and Emerging Technologies.

AI Summary

This bill proposes to amend the existing law in Massachusetts to change the filing fee for limited liability corporations (LLCs) from a fixed $500 fee to a sliding scale fee based on the LLC's gross revenue. The Secretary of State would be responsible for setting the specific sliding scale in regulations. This change is intended to adjust the filing fee based on the size and financial status of the LLC, rather than having a single fixed fee.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Accompanied a study order, see S2537 (on 02/18/2020)

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