MASSACHUSETTS | | Name | Must contain words Corporation, Incorporated, Inc., Corp., Limited Liability Company, Limited Company, Limited, L.L.C., LLC, L.C., LC or Ltd. | | Information about Directors and Officers | Company must have three or more directors. The number can be less if there are only one or two shareholders. In this case the number of directors must be equal number of shareholders. Director can hold all officers position. No requirements for age or residence. It is required to list Directors and Officers in the Articles of Incorporation. | | Requirements for address | Home or Office street can be considered as company address. P.O. Box is not admissible. | | Registered Agent | Registered Agent is required if you do not live or have an office in Massachusetts. Otherwise, you can be your Own Registered Agent. | | Shares/Stock information | You may authorize up to 200,000 shares of no par value and incur the minimum-filing fee of $200. More shares will increase fees. | | Annual statement | All Corporations must file Annual reports before 15th day of 3rd month after close of fiscal year. Foreign Corporations in addition must file an initial Certificate or report with the Secretary of State within 10 days after incorporating. The filing fee is $85. | | State fees | $200 State filing fee. | | Income tax rate | Excise tax, which is $7 per $1,000 on specified and allocated tangible property if a tangible property Corporation, or net worth if an intangible property Corporation, plus 9.5% of net income attributable to Massachusetts. The minimum tax is $456. | | Franchise tax | The Commissioner of Administration must determine annual statement fee. | | S Corporations | Status is recognized by the State. However, S Corporations with total receipts of $6 million or more can be subjected to taxes at graduated rates. A separate State election from federal election is not required. | | License requirements | Massachusetts requires that you obtain a license and pay a fee if you are operating certain types of businesses in the State. Please check with the State to make sure your business is complying with the license requirements for your particular profession. | | Corporate records | The Articles of Organization, minutes of shareholders' meetings, and the stock transfer ledger must be kept at the principal office of the Corporation, corporate clerk or Registered Agent. Business activity must be specified in Articles of Incorporation. |
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For more information visit:
www.state.ma.us/sec/index.htm
www.state.ma.us/tax.htm
www.state.ma.us/legis/legis.htm