Bill

Bill > H3120


MA H3120

Reducing filing fees for single member LLCs


summary

Introduced
03/29/2021
In Committee
02/14/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

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

AI Summary

This bill amends Massachusetts law to reduce the filing fees for single-member limited liability companies (LLCs). Specifically, it reduces the filing fee for the annual report of a single-member LLC from $500 to $250, while maintaining the $500 fee for all other LLCs. The bill also maintains the $500 fee for the initial filing of the certificate of organization for all LLCs. This change aims to make it more affordable for individuals to form and maintain single-member LLCs in the state.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (11)

Last Action

No further action taken (on 01/03/2023)

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