Mass Corp DIV: Everything You Need to Know
The Massachusetts Corporation Division requires all businesses to submit an Annual Report. 4 min read
2. Interest and Dividends Filing Requirements
The Massachusetts Corporation Division requires all businesses to submit an Annual Report. This can be filed online or through the mail. This can be filed online or through the mail to the Corporations Division. The Annual Report is required to keep an LLC in compliance and good standing.
Annual Reports contain updates on the corporate information listed with the state, such as:
- Names and addresses of member/officers
- Business and mailing addresses
- Registered agent information
The costs associated with MA Annual Reports vary by business type and due date.
- The filing fee is $500 if the Annual Report is filed by mail and $520 online for Massachusetts LLCs, PLLCs and LLPs, whether foreign or domestic.
- The filing fee is $125 if the Annual Report is filed by mail and $109 online for Massachusetts Corporations and PCs, whether foreign or domestic. This is due two and a half months from the fiscal year end, which is typically March 15th.
- The filing fee is $15 if the Annual Report is filed by mail and $18.50 online for Massachusetts Non-Profit Corporations, whether foreign or domestic. This is due by November 1st.
- The filing fee is $500 if the Annual Report if filed by mail and $450 online for Massachusetts LPs, whether foreign or domestic. This is due on or before the filing anniversary date.
The filing is processed by the state between 24 and 36 hours, regardless of how the Annual Report is filed. The anniversary date can be found by looking at the date when the Certificate of Organization was approved. This is the date the Annual Report is due each year.
The LLC can lose its good standing and become delinquent if the Annual Report is not filed by the deadline. The Annual Report can be filed at any time prior to the anniversary date. The state also mails a courtesy reminder to the principal office address a few months before the due date.
Businesses in Massachusetts have three filing options: paper, fax, or online filing.
The paper report form can be downloaded from the Corporations Division website. The completed form and filing fee may be delivered by mail or in person.
The Annual Report Form D can be downloaded and mailed to: Secretary of the Commonwealth, One Ashburton Place, Room 1717, Boston, Massachusetts 02108-1512. A $500 check or money order must be included, payable to “Commonwealth of Massachusetts.”
The completed form can also be faxed to 617-624-3891. All fax filings should be sent with the Fax Voucher Cover Sheet, which can also be found on the website.
To file online, use the Corporations Division web portal and click on “File Annual Report Online.” Log in to the system with a customer ID number and PIN. The PIN will be sent by email, and the online form can then be completed and submitted.
How to File an Annual Report
Owners must enter the LLC's Federal Tax ID Number (EIN), the full name of the LLC, including the designator, the principal office address, as well as any address where records are kept, and the year for which they're submitting the Annual Report. A new name can be listed if you wish to change the LLC name.
The general purpose of the business, as well as the duration of the LLC, if it's not open-ended, must also be entered.
The exact name of the resident agent and address must also be included. The name and address of the manager or managers must also be included if the LLC is manager-managed.
The name and address of each person authorized to sign documents on behalf of the LLC, if it's member-managed under authorized signers, is also required.
Interest and Dividends Filing Requirements
A dividend is anything that is federal gross income and is labeled as a dividend under the Internal Revenue Code. It's dissemination is completed by the corporation to its profits and earnings shareholders.
Federal gross income does not include interest income from the local and state responsibilities. The sums not included from federal gross income are recorded on Massachusetts Schedule B, Line 1, and include any interest income from the state or political subdivisions.
Gross income for Massachusettes includes income from interest that is included for local and state income, with the exception of interest income from responsibilities to the state or political subdivisions.
The sums not included from federal gross income are recorded on Massachusetts Schedule B, Line 1, and include any interest income from the state or political subdivisions
This can be complicated, so you may need an experienced business attorney.
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