One of the requirements of maintaining an LLC or corporation in Massachusetts is filing an Annual Report. The Annual Report is used to confirm and update the company’s information each year with the Secretary of the Commonwealth, such as the name and address of the registered agent and the name and address of members, directors, or officers.
What is Needed to File a Massachusetts Annual Report
You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Massachusetts Secretary of the Commonwealth’s website, otherwise you can fill out the Annual Report – Form D by downloading and filling out an Annual Report
The report asks for information such as:
- Legal name of the entity
- Principal office address
- Business activities of the entity
- Name and street address of the Registered Agent
- Name and address of the officers, directors, members and/or managers
Filing is usually done in 3-4 business days.
Annual Report Cost
The Annual Report for both the Corporation is $125 and the LLC is $500.
The State of Massachusetts has different deadlines depending on the business entity.
Corporations: The Annual Report is due 2.5 months after the end of the entity’s fiscal year. Most entities use a calendar year which means December 31st is the end of their fiscal year. In this example, an Annual Report for a Corporation would be due March 15th of each year.
LLC: The Annual Report for an LLC is due each year on its anniversary date. For example, if your LLC or Corporation was formed January 1st, 2020, the first Annual Report will be due January 1st 2021.
The Secretary of the Commonwealth’s office emails a reminder in advance of the Annual Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
My business made little or no money. Do I still have to file the Annual Report?
Even if your Corporation or LLC received no income or had no business activity, the Annual Report is still required to be filed.
What happens if you don’t file the Annual Report on time?
If the Annual Report isn’t filed on time, a penalty will be assessed. If the report isn’t filed within two years, the entity will be administratively dissolved by the Secretary of the Commonwealth.
How do you change the Registered Agent?
While the Massachusetts Annual Report form asks for the name and address of the Registered Agent, the Registered Agent can’t be updated on this form.
To update the Registered Agent’s information, fill out a Statement of Change of Registered Agent/Registered Office.
Massachusetts Secretary of the Commonwealth Contact Information
The mailing address for the Massachusetts Annual Report is:
Massachusetts Secretary of the Commonwealth
One Ashburton Place, Room 1717
Boston, MA 02108-1512
If you have questions, they can be contacted at (617)727-9640.