summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relative to the organization of limited liability companies. Financial Services.
AI Summary
This bill, titled "Reducing the costs for small business," proposes to amend Massachusetts General Laws chapter 156C, specifically Section 12, which deals with the organization of limited liability companies (LLCs). The key provision is that the fee for filing the initial "certificate of organization" (the document that officially creates an LLC) and the fee for filing the required "annual report" (a yearly update on the company's status) will both be set at $250. These fees are to be paid to the state secretary at the time of filing. This change is intended to reduce financial burdens on small businesses and will take effect starting January 1, 2016.
Committee Categories
Business and Industry
Sponsors (11)
Joe McKenna (R)*,
Leah Allen (R),
Shawn Dooley (R),
Peter Durant (R),
Marc Lombardo (R),
Paul McMurtry (D),
Mike Moore (D),
Matt Muratore (R),
Shaunna O'Connell (R),
Todd Smola (R),
Susannah Whipps (I),
Last Action
Accompanied a study order, see H4111 (on 03/28/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/House/H911 | 11/24/2016 |
| State Bill Page | https://malegislature.gov/Bills/189/H911 | 03/11/2015 |
| Bill | https://malegislature.gov/Bills/189/H911.pdf | 03/11/2015 |
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