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Bill > H2727


MA H2727

MA H2727
An act reducing filing fees for certain small business


summary

Introduced
01/20/2015
In Committee
04/13/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

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

AI Summary

This bill proposes to amend existing law regarding filing fees for limited liability companies (LLCs), which are business structures that offer liability protection to their owners. Specifically, it changes the fee for filing a certificate of organization, which is the document needed to officially create an LLC, to a flat rate of five hundred dollars. The bill also adjusts the fee for filing an annual report, a required document for LLCs to maintain their legal standing. Under this bill, the annual report filing fee will be two hundred and fifty dollars for LLCs with five or fewer employees, and five hundred dollars for those with more than five employees. These fees are to be paid to the state secretary when the respective documents are filed.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (26)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 04/13/2016)

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