Bill
Bill > S110
summary
Introduced
04/15/2015
04/15/2015
In Committee
07/20/2015
07/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to lessen the financial burden on small limited liability companies. Community Development and Small Businesses.
AI Summary
This bill aims to reduce the financial burden on small limited liability companies (LLCs) by amending Section 12 of Chapter 156C. Specifically, it proposes to lower the fee for filing an annual report for LLCs that have six employees or fewer. Currently, the fee for filing both the initial certificate of organization and the annual report is $500. This bill would maintain the $500 fee for the certificate of organization but reduce the annual report filing fee to $250 for qualifying small LLCs, meaning companies with a maximum of six employees. These fees are paid to the state secretary.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 07/20/2015)
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/S110 | 04/16/2015 |
| Bill | https://malegislature.gov/Bills/189/S110.pdf | 04/16/2015 |
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