What are the requirements for incorporating a for-profit corporation in the Commonwealth of Massachusetts?
The corporation may assume any name indicating it is incorporated. The name may not be the same as the name or trade name of a Massachusetts corporation, foreign corporation, firm, association, person carrying on business in the State, or a name under reservation, nor be so similar as to be mistaken for that other name, unless given the written consent of such existing corporation, firm, association, or person.
Articles of Organization in the prescribed form must be filed with the Secretary of the Commonwealth, along with the filing fee.
What is the filing fee for Massachusetts for-profit corporations?
The filing fee is $275 minimum. All fees must be paid by check or money order payable to the Commonwealth of Massachusetts.
What are the requirements for incorporating a nonprofit corporation?
The corporation may assume any name indicating it is incorporated. The name may not be the same as the name or trade name of a Massachusetts corporation, foreign corporation, firm, association, person carrying on business in the State, or a name under reservation, nor be so similar as to be mistaken for that other name, unless given the written consent of such existing corporation, firm, association, or person.
Articles of Organization in the prescribed form must be filed with the Secretary of the Commonwealth, along with the filing fee.
If the corporation wishes to apply for tax exempt status at the federal level, you must fill out Form 1023 and mail or deliver it, along with a certified copy of the by-laws and the Articles of Organization, to the Internal Revenue Service. IF the IRS grants a federal exemption, the corporation is eligible for an exemption on income taxes. In order to qualify, you must send a photocopy of the IRS exemption letter to the Corporate Exemptions Division of the Department of Revenue.
To apply for exemptions on local property taxes, you must fill out Form 3ABC supplied by your local assessor or from the Department of Revenue. Submit this form to your local assessor with a copy of the IRS exemption letter. Some local assessors will tend to grant exemptions if the IRS does; others may not do so without further investigation.
What is the filing fee for Massachusetts nonprofit corporations?
The filing fee is $35. All fees must be paid by check or money order payable to the Commonwealth of Massachusetts.
What are the requirements for forming a limited liability company in Massachusetts?
For a limited liability company, the name must include the following words or abbreviations: Limited Liability Company, Limited Company, L.L.C., L.C., LLC or LC. The name cannot be the same as or deceptively similar to the corporate name of a domestic corporation or a foreign qualified corporation.
A Certificate of Organization containing the information required by the Act must be presented in duplicate. At least one copy must be originally signed. If the Corporations Division finds the Certificate conforms to law, it will endorse the word "Filed" and the day, month, year and time of filing on the Certificate. The originally signed certificate will be filed with the Division and the duplicate returned to the filing party.
What is the filing fee for limited liability companies?
The filing fee is $500. All fees must be paid by check or money order payable to the Commonwealth of Massachusetts.
The foregoing summary is provided for information purposes only and is not to be considered legal or business advice. The information may not be complete, accurate or applicable for any particular situation and should not be relied upon.
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