summary
Introduced
02/27/2025
02/27/2025
In Committee
02/27/2025
02/27/2025
Crossed Over
Passed
Dead
Introduced Session
194th General Court
Bill Summary
Relative to reporting fees for limited liability companies. Economic Development and Emerging Technologies.
AI Summary
This bill modifies the reporting fees for limited liability companies (LLCs) in Massachusetts by reducing the fee from $500 to $40. Specifically, the bill amends Section 12 of Chapter 156C of the Massachusetts General Laws, which governs the administrative requirements for LLCs. The significant reduction in the reporting fee could make it more affordable and less burdensome for small businesses and entrepreneurs to maintain their LLC status and comply with state reporting requirements. By lowering the fee from $500 to $40, the bill aims to potentially encourage more business formation and reduce the financial barriers associated with maintaining an LLC in the state.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Reporting date extended to Monday, December 1, 2025 (on 08/21/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/194/H486 |
| BillText | https://malegislature.gov/Bills/194/H486.pdf |
Loading...