How To Start A Massachusetts Sole Proprietorship
One of the first steps when starting a business is selecting a business structure. This is an important step because it has a big impact on your tax obligations, liability, and the overall operations of your business. In Massachusetts, sole proprietorships make up a significant portion of businesses. Out of 776,124 small businesses in the […]
How to Form a Corporation in Massachusetts
The Corporation is a business structure that provides personal liability protection by separating the owner’s personal assets from the assets of the business. Thus, a corporation is liable for the actions and finances of the business, while the owners (known as shareholders) are not. Corporation Pros Corporations provide liability protection for the shareholders A corporation […]
How To Get A Free Massachusetts EIN
Not every small business will need one, but a common registration for many businesses in Massachusetts is the Employer Identification Number, otherwise known as an EIN. This number is used as a business’s identification for tax purposes and is required for various business activities, such as opening a bank account, hiring employees, and filing tax […]
How To File A Massachusetts Annual Report
One requirement for keeping a Massachusetts corporation or Limited Liability Company (LLC) in compliance is filing an Annual Report. The Report confirms and updates the company’s information each year with the Massachusetts Secretary of the Commonwealth, such as the name and address of the registered agent and the name and address of members, directors, or […]
Massachusetts Business License Basics
Starting a small business in Massachusetts often means registering with several federal, state, and local agencies. Let’s review common Massachusetts business license registrations so your business starts off right. Related: Guide to starting a business in Massachusetts Setting Up the Business Sole proprietorship: In Massachusetts, a sole proprietorship is an unincorporated business owned by a […]
Guide To Hiring Employees In Massachusetts
Hiring your first employee as a new business owner is both an exciting and frightening experience. Not only do you have a person relying on you to pay them so they can provide for their family while balancing the cash flow needs of your business, but there is also a lot of paperwork and laws […]
How To Get A Massachusetts Resale Certificate
When a business purchases inventory to resell, it can do so without paying sales tax. In order to do so, the retailer will need to provide a Massachusetts Resale Certificate to their vendor. Learn more about how the Massachusetts Resale Certificate works, how to get one, and more. Related: Guide to starting a business in […]
How To Register For A Massachusetts Sales Tax Permit
If you’re starting a business in Massachusetts and plan to sell products or offer certain services, you’ll need to get a Massachusetts sales tax permit. This permit might also be called a seller’s permit, sales tax license, or sales tax number. Keep reading this guide to learn about who needs a sales tax permit, what […]
Should You Use A Massachusetts Resident Agent Service?
A Massachusetts resident agent (also referred to as a registered agent or statutory agent in some states) is a person or company designated to be the official point of contact for a company. The purpose of a resident agent is to receive service of process (legal mail such as a summons, subpoena, or lawsuit) and […]
Massachusetts DBA / Business Certificate In 5 Easy Steps
If you’re planning to start a business in Massachusetts using a specific name, you may need to register for a business name. Business name registration is commonly referred to as a Massachusetts DBA or “Doing Business As,” but is officially called a Business Certificate. To see if you need to register for a Massachusetts Business […]