Bill

Bill > S256


MA S256

Relative to a business entity


summary

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

Introduced Session

192nd General Court

Bill Summary

For legislation relative to a business entity. Economic Development and Emerging Technologies.

AI Summary

This bill makes several changes to the laws governing business entities in Massachusetts, including: 1. Removing the requirement for partnerships to provide their federal employer identification number when filing annual reports. 2. Allowing the Secretary of State to revoke the registration of partnerships that fail to file annual reports or pay required fees. 3. Enabling the Secretary of State to accept electronic filings for various business entities and providing a process for correcting errors in filed documents. 4. Authorizing the Secretary of State to administratively dissolve or revoke the authority of limited partnerships, limited liability companies, and foreign corporations that fail to file annual reports or pay required fees. 5. Establishing new provisions related to the good standing status of limited partnerships and the ability to pre-clear filings with the Secretary of State for a fee. 6. Modifying the registration requirements for foreign professional corporations and limited liability companies doing business in Massachusetts. Overall, the bill aims to streamline administrative processes and provide the Secretary of State with more tools to manage the records and status of different types of business entities operating in the state.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Accompanied a study order, see S2710 (on 02/22/2022)

bill text


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