An Act relative to limited liability company fees
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to reduce fees associated with forming and maintaining limited liability companies (LLCs) in Massachusetts. It seeks to lower the initial filing fees and annual report fees for LLCs, potentially making it more affordable for small businesses to establish and operate. The bill was referred to the Economic Development and Emerging Technologies committee and subsequently received Senate concurrence. It is part of a series of legislative efforts to address LLC fees.
Key provisions
- Reduces initial LLC formation fees.
- Lowers annual report fees for LLCs.
- The bill was referred to the Economic Development and Emerging Technologies committee.
- Senate concurred with the bill.
- Scheduled for a hearing on June 5, 2025.
Who is affected
- Limited Liability Companies (LLCs)
- Small Businesses
- Entrepreneurs
Notable changes
- This bill is part of a series of legislative efforts to reduce LLC fees.
- It builds upon previous legislation addressing similar issues.
Bill text
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Sponsors
Official sponsors from legislative records.
7 on record
Primary sponsor
James Arciero
Cosponsors
James Arciero
Matthew Gaudet
Patrick Joseph Kearney
Arguments
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