Bill > H2677

This bill makes several changes related to the reporting requirements and filing procedures for limited liability partnerships, limited partnerships, and limited liability companies in Massachusetts. Key provisions include: - Removing the requirement for limited liability partnerships to report their federal employer identification number when filing annual reports. - Allowing the Secretary of State to revoke the registration of a limited liability partnership for failing to file annual reports or pay required fees. - Authorizing the Secretary of State to promulgate regulations for electronic filings and allowing for the correction of errors in previously filed documents. - Modifying the grounds and processes for the Secretary of State to administratively dissolve or revoke the authority of limited partnerships and limited liability companies that fail to comply with filing and fee requirements. - Establishing a $100 fee for examining and provisionally approving records before they are filed. - Making various other technical and procedural changes to the filing and reporting requirements for these types of business entities. The overall purpose of the bill is to streamline and modernize the administrative requirements for these types of business organizations in Massachusetts.

Government Affairs

https://malegislature.gov/Bills/190/H2677