A. File Artcles of incorporation for Massachusetts Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the Massachusetts Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Massachusetts. Click here for a free quote on our Massachusetts business incorporation services.
B. S Corporation Filings for Your New Massachusetts Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in Massachusetts, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in Massachusetts to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. Massachusetts S-Corporation Election form
Massachusetts does not require s-corporations to file a seperate s-corporation election form with the state.
C. Get Your Massachusetts Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Massachusetts.
1. Massachusetts Trustee Tax Form, TA-1
To register your new entity with the Massachusetts Department of Revenue, you must file online at http://www.massdor.com/options/TA1/ta1_home.htm , also known as Form TA-1. The filing of this form will establish your tax obligations with the Department of Revenue.
You will need to file this form after you obtain your Federal ID Number (EIN).
If you have questions about the form, call the Department of Revenue at 617-887-6367 or toll free at 800-392-6089. You can also obtain Form TA-1 itself at www.massdor.com.
2. Licensing and Permits
3. Annual Reports
Corporations must file an annual report with the Secretary of the Commonwealth within 2.5 months after the end of the corporation’s fiscal year; in most cases your fiscal year ends on December 31, so you would need to file the annual report by March 15. The report restates much of the information contained in the Articles. The fee is $125; an additional $25 is charged if you file late. For more information, log on to http://www.sec.state.ma.us/ Choose the Corporation Division. The Pre-filled Annual Report can be obtained there.
LLCs must also file an annual report on or before the anniversary date of the filing of the original Certificate of Organization. The report must contain all of the information included in the original Certificate of Organization. The filing fee is $500. For more information, log on to http://www.sec.state.ma.us/ . Choose the Corporation Division. The Pre-filled Annual Report can be obtained there.
Surely, the list above is not everything you will need to do once you incorporate a business in Massachusetts. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in Massachusetts, we’d love to help.
