Limited Liability Company Annual Report Form - Massachusetts

Limited Liability Company Annual Report Form is a legal document that was released by the Secretary of the Commonwealth of Massachusetts - a government authority operating within Massachusetts.

FAQ

Q: What is a Limited Liability Company (LLC)?A: An LLC is a type of business structure that provides limited liability protection to its owners, also known as members. It combines the benefits of a corporation and a partnership.

Q: What is an Annual Report?A: An Annual Report is a document that LLCs are required to file with the state government each year. It provides updated information about the company, such as its address, registered agent, and members.

Q: Who is required to file an Annual Report in Massachusetts?A: All Massachusetts LLCs, regardless of their size or business activities, are required to file an Annual Report.

Q: When is the Annual Report due?A: The Annual Report is due by the anniversary month of when the LLC was formed. For example, if the LLC was formed in June, the Annual Report will be due in June every year.

Q: What happens if I don't file the Annual Report on time?A: If the Annual Report is not filed on time, the LLC may be subject to late fees and penalties. In some cases, the state may administratively dissolve the LLC.

Q: Is there a fee to file the Annual Report?A: Yes, there is a filing fee to submit the Annual Report. The fee varies depending on the state and the size of the LLC.

Q: Can I update information in the Annual Report?A: Yes, you can update information in the Annual Report. If there are any changes to the company's address, registered agent, or members, you should include that updated information in the report.

Q: Can I get an extension to file the Annual Report?A: Yes, you can request an extension to file the Annual Report. The request must be submitted before the original filing deadline and may be granted in certain circumstances.

Q: Do foreign LLCs need to file an Annual Report in Massachusetts?A: Yes, foreign LLCs that are registered to do business in Massachusetts are also required to file an Annual Report.