ZenBusiness – ($0 + State Fees) Online LLC Setup Step 3: File Certificate of Organization in Massachusetts For more information on the same, read our guide on Massachusetts Registered Agent. The filing fee of $25 should be paid for it. It comes with the Application form to Change the Registered Agent. At the time of change of Registered Agent (or the name or address), the new Registered Agent has to sign the consent letter. In Massa, there is no separate Consent Letter to be produced to the Secretary of State. Your personal assets can be protected if you have enough capital and all your LLC documents are properly filed. This is called piercing the corporate veil, where personal and business assets are not separated anymore. They might have to forgo their personal assets to repay their business debts. If an LLC is sued in Massachusetts, in some cases, courts might decide to lift the corporate veil, which means the owners of the LLC will be personally liable for their business debts. What is Piercing the Corporate Veil in LLC? In that case, you must register your name with the Massachusetts Secretary of State by submitting an Application to File Trade Name in Massachusetts along with the filing fee of $65 (An additional fee of $35 for non-Massachusetts residents). You can, instead, use DBA, Fictitious Name, or Trade Name. Once you have a legal name for your LLC, you can register it. To keep the name, you must file a name reservation application and pay $30 to reserve your name with the Massachusetts Secretary of State. If you do not wish to file your LLC right now but want to hold the name you have decided on, then you can reserve your LLC name for 60 days. Massachusetts LLC Name Search – Instructions Massachusetts Business Entity Search – Online Search (Optional) It’s better to name your business something for which your desired domain is available.Terms like “ Bank“, “ University“, “ Attorney“, “ Doctor“, etc can be added only after the additional requirements by Massachusetts State Government are fulfilled.Terms such as “ Treasury”, “State Department”, “FBI”, “CIA”, etc. You cannot use any name for your business that is confusing or misleading.“Limited Liability Company”, “Limited Company”, “LC”, “L.C.”, “LLC”, and “L.L.C.” – any one of these has to be used as a suffix in your business name.ZenBusiness offers unlimited business name searches without any hassle. Your business name should be available and no other existing business in Massachusetts can have the same name.Some of the most important requirements are as follows: There are a few specific requirements all the LLCs in Massachusetts have to follow while naming their Company. Before you name your business, you must know that the name should be easy to remember, available in the state, and follows all the LLC naming guidelines. The first step while forming a limited liability company in Massachusetts is to give a proper name to your LLC. Step 1: Decide a Name for Your Massachusetts LLC Let’s get started! You can always hire a professional LLC formation service in Massachusetts to set up your LLC instead of doing it alone a Pro service will ensure everything is done properly. Below are all 5 steps that explain everything you need to do to start a Massachusetts LLC in 2023. There are 4 other crucial steps to follow to get your LLC formed in Massachusetts. While it’s the most important step, it’s not the only one. If you wish to start an LLC in Massachusetts, you must file your Certificate of Organization with the State and pay a filing fee of $500. However, in some cases, if the LLC is sued for business debts, courts might pierce the corporate veil and use the owner’s personal assets to meet their corporate liabilities. For an LLC, members’ personal assets are not affected by business debts. It separates your personal assets from your business assets, thus giving you personal asset protection. Reasons to Start an LLC in MassachusettsĪn LLC (aka Limited Liability Company) is a hybrid business entity combining a corporation’s characteristics with a partnership or sole proprietorship.Step 4: Create Your Massachusetts LLC Operating Agreement.Step 3: File Certificate of Organization in Massachusetts.Step 2: Assign a Resident Agent in Massachusetts.Step 1: Decide a Name for Your Massachusetts LLC.On this page, you’ll learn about the following:
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