summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2022
03/29/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the organization of limited liability companies. Financial Services.
AI Summary
This bill aims to reduce the costs for small businesses by amending the existing law on the organization of limited liability companies (LLCs) in Massachusetts. Specifically, the bill proposes to strike subsection (d) of Section 12 of Chapter 156C of the General Laws and insert new language that sets the fee for filing a certificate of organization and the annual report for an LLC at $250 each, to be paid to the state secretary at the time of filing. The bill also specifies that Section 1 shall be effective beginning January 1, 2016.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Last Action
No further action taken (on 01/03/2023)
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/192/H1150 |
| Bill | https://malegislature.gov/Bills/192/H1150.pdf |
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