How Much Does it Cost to File an LLC in MA?
The cost of filing an LLC in Massachusetts depends on the state fee and the registered agent fee.
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Filing Fees
To form an LLC in Massachusetts, you must file Articles of Organization with the Corporations Division of the Massachusetts Secretary of State’s office. The filing fee for Articles of Organization is $520.
Statutory Fees
Limited Liability Companies (LLCs) are a business structure allowed by state statute. LLCs are popular because, similar to a sole proprietorship or partnership, they have relatively few formalities and are easy to operate and maintain. In addition, like corporations, LLCs offer their owners limited personal liability for business debts and claims.
All states require LLCs to file articles of organization with the secretary of state or an equivalent office. The articles must contain the LLC’s name, the names of its organizers, and usually a statement that the LLC will exist for a specific period of time (usually perpetual). Most states also require LLCs to file annual reports and to pay annual fees, which are generally modest.
In Massachusetts, the filing fee for forming an LLC is $520. If you choose to have your LLC certified by the Secretary of State as a woman-owned or minority-owned business, there is an additional $75 fee.
Registered Agent Fees
The first step in forming an LLC is to file your articles of organization with the Secretary of State’s office. The filing fee for this service is $500, which must be paid by check or money order. You can also choose to have the LLC filing fee waived if you file your articles of organization online.
Operating Agreement
One of the key documents for any LLC is the operating agreement. This document outlines how the LLC will be run, including how decisions will be made, how finances will be handled, and what will happen if a member leaves the LLC.
The operating agreement is important not only for the smooth running of the LLC, but also because it can help to protect the members of the LLC in the event of a dispute. If you are forming an LLC with one or more other people, it is essential that you have a well-drafted operating agreement in place.
Operating agreements can be simple or complex, depending on the needs of the LLC. In general, however, an operating agreement should at least address the following topics:
• The name and address of the LLC
• The names and addresses of the members of the LLC
• The duration of the LLC (if it is to be dissolved at a certain point)
• The purpose of the LLC
• How decisions will be made
• How new members can join the LLC
• How finances will be handled
• What happens if a member leaves the LLC
EIN
You will need to have an EIN for your LLC. You can apply for your EIN online, by fax, or by mail. The cost to file an LLC in MA is $500.
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