Incorporate your business in Massachusetts;
Our Incorporation information is to help you with the small
business startup process. The Massachusetts Incorporation info can
help answer questions like "How do I form an LLC in Massachusetts?"
or "What type of Incorporation entity should I be? An Massachusetts
S-Corporation or an Massachusetts C-Corporation?" or "What are the
requirements for an Massachusetts Corporation?" It's easy to set up
an Massachusetts Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
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 Massachusetts,
name under reservation, nor so similar as to be mistaken for
that other name, unless given the written consent of existing
corporation, firm, association, or person.
Corporation Requirements
Director Information
Minimum Number - Not less than three, unless there
are only one or two shareholders of record; then the
number of directors may be less than three but not less
than the number of shareholders.
Residence Requirements - No provision.
Age Requirements - None.
Directors are required to be listed in the articles
of incorporation.
Officer Information
Officers are required to be listed in the articles
of incorporation.
Stock Information
An increase in shares may cause an increase in initial
filing fees.
Corporate Records
The articles of organization, bylaws, minutes of
shareholders' meetings, and the stock transfer ledger
must be kept at the principal office of the corporation,
corporate clerk office, or registered agent office.
Tax and Fees
Annual Statements
Domestic and foreign corporation annual reports must
be filed on or before the 15th day of the 3rd month
after close of fiscal year. The filing fee is $85. Foreign
corporations must file an initial certificate or report
with the State Secretary within 10 days after commencing
business in Massachusetts.
Income Tax Rate
Excise tax is composed of two parts: (1) (a) .26%
of specified and allocated tangible property if a tangible
property corporation, or (b) net worth if an intangible
property corporation: plus (2) 9.5% of net income attributable
to Massachusetts. The minimum tax is $456.
S Corporation
S Corporation status is recognized by the State of
Massachusetts; however, S Corporations with total receipts
of $6 million or more can be subjected to taxes at graduated
rates. A separate state election from the federal election
is not required.
License Requirements
Massachusetts requires that you obtain a license
and pay a fee if operating certain types of businesses
in the state. The following is a partial list:
Architects
Barbers
Certified public accountants
Contractors
Hawkers and peddlers
Opticians
Outdoor advertising
Real estate appraisers
Real estate brokers and salespeople
Water pollution control
Please check with the state to make sure your business
is complying with the license requirements for your
particular profession .
