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How much is the LLC annual report fee in Massachusetts?
LLCs must file an annual report with the Secretary of State by the anniversary of the LLCs original filing. The filing fee is $500.
What happens if you dont file an annual report for LLC Massachusetts?
Penalty for Late Annual Reports If you do not file by the deadline, your LLC will not be in good standing and will be marked delinquent. If you continue to ignore this requirement, the state will dissolve (shut down) your LLC.
Is Massachusetts annual report required?
Every corporation authorized to transact business in the commonwealth MUST file an annual report with the Corporations Division within two and one half (2) months after the close of the corporations fiscal year end.
What is an annual report on an LLC?
An LLC annual report is a mandatory filing that provides state regulatory agencies with accurate, up-to-date information about your company. For board members, it serves as a tool to ensure the company remains compliant with state laws for legal and tax purposes.
What happens if you dont file annual report for LLC?
If you dont, your LLC will be fined, your LLC be out of compliance, and the state will administratively dissolve (shut down) your LLC. Failure to file the Annual Report is the #1 reason that LLCs are administratively dissolved by the state, so dont take this lightly.
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