Nonprofits, cooperatives, and religious corporations – November 1.LLCs (foreign and domestic) – Anniversary date (of initial business registration).Corporations (foreign and domestic) – 2.5 months after fiscal year end.In most states, the due date for annual reports is the same for all types of business entities. You may be required to provide additional information not shown here. Signature and/or contact information for person filing the report.Resident agent information (LLCs and LPs).Names and addresses of president, treasurer, and clerk or secretary (nonprofits).Date of last annual meeting (nonprofits).Brief statement of purpose (corporations, LLCs, LPs, and LLPs).Names and addresses of directors, president, treasurer, secretary, and board of directors (corporations).Business ID/FEIN number (nonprofits, LLCs, LPs, LLPs).The requirements vary based on the type of business entity. What information is required in an annual report? All business entities-including nonprofits and religious corporations-can be dissolved if they fail to file an annual report for two consecutive years. But don’t assume that not being fined means you are in the clear. The Massachusetts Secretary of the Commonwealth only assesses a fee to corporations for failure to file an annual report. Nonprofits, cooperatives, and religious corporations – $15 The filing fee varies considerably based on the type of organization, as follows:Ĭorporations (foreign and domestic) – $125 Nonprofits, cooperatives, and religious corporations.To stay in good standing with the Massachusetts Secretary of the Commonwealth, the following types of entities (both foreign and domestic) must file an annual report: Which types of businesses must file an annual report?
Shareholders and other stakeholders often use this information to make important investment decisions. Many states also require businesses to include information about their financial performance over the prior year (via balance sheets, profit-and-loss statements, etc.). It keeps the state up to date with information about the organization and its members.
What is an annual report?Īlso known as a “statement of information” or a “yearly statement,” an annual report is a document filed with the state government where a business operates.
Massachusetts annual report file how to#
Keep reading to learn more about who needs to file and when, and how to file a Massachusetts annual report the easy way. It’s critical to file your annual report correctly and on time to keep your organization in good standing with the State of Massachusetts. This report keeps the Massachusetts Secretary of the Commonwealth up to date with essential information about a business, including the organization’s financial performance for the prior year. Massachusetts corporations, LLCs, nonprofits, and several other types of business entities are required to file an annual report every year.
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