H 1256
An Act reducing the costs for small business
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Bill overview
This bill, H.1256, aims to reduce the costs associated with forming limited liability companies (LLCs) for small businesses in Massachusetts. It seeks to streamline the organization process, potentially lowering the financial barriers to entry for new businesses. The bill is currently under review by the House Committee on Financial Services and has been subject to rescheduling of hearings.
Key provisions
- Streamlines the organization of limited liability companies.
- Aims to reduce costs associated with forming LLCs.
- Currently under review by the House Committee on Financial Services.
- Has been subject to rescheduling of committee hearings.
- Related to the petition of Joseph D. McKenna
Who is affected
- Small businesses
- Entrepreneurs
- Limited Liability Companies (LLCs)
- Massachusetts residents
Notable changes
- The bill is part of a series of similar proposals introduced in the General Court.
- The bill has undergone rescheduling of committee hearings.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joseph D. McKenna
Cosponsors
Joseph D. McKenna
Steven George Xiarhos
Arguments in favor
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Bill H.1256 194th (Current)
An Act reducing the costs for small business
By Representative McKenna of Sutton, a petition (accompanied by bill, House, No. 1256) of Joseph D. McKenna relative to the organization of limited liability companies. Financial Services.
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Bill Information
Bill Information
Presenter: Joseph D. McKenna Status: Referred to House Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Committee Summary Hearing Attendance
Bill History
Displaying 6 actions for Bill H.1256
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Financial Services |
| 2/27/2025 | Senate | Senate concurred |
| 10/10/2025 | Joint | Hearing scheduled for 10/22/2025 from 10:30 AM-01:00 PM in A-1 |
| 10/17/2025 | Joint | Hearing rescheduled to 10/22/2025 from 10:30 AM-01:00 PM in B-1 and Virtual Hearing location changed |
| 10/22/2025 | Joint | Hearing rescheduled to 10/22/2025 from 10:30 AM-11:40 AM in B-1 and Virtual Hearing updated to New End Time |
| 2/2/2026 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
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