Bill

Bill > H1661


MA H1661

Reducing filing fees for single member LLCs


summary

Introduced
01/23/2017
In Committee
01/22/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

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

AI Summary

This bill amends Section 12 of Chapter 156C of the Massachusetts law to reduce the filing fees for single-member limited liability companies (LLCs). Specifically, the bill lowers the filing fee for the certificate of organization from $500 to $500, and the annual report fee from $500 to $250 for single-member LLCs, while maintaining the $500 annual report fee for other LLCs. The purpose of this change is to provide a more affordable option for individuals setting up single-member LLCs in the state.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (26)

Last Action

No further action taken (on 01/01/2019)

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