Massachusetts company registration

DOING BUSINESS IN MASSACHUSETTS IN 2018

Since 2003, Healy Consultants Group PLC has assisted our Clients with starting their business in Massachusetts. Our services include i) Massachusetts business registration, ii) regulated industries licensing, iii) Massachusetts corporate bank account opening, iv) employee recruitment strategies and v) office rental solutions.

Summary table of Massachusetts company registration

SummaryC-CorpS-CorpMulti-Member LLCSingle Member LLCLLPBranch Office
Also known asCorporationCorporationLLCLLCLimited Liability PartnershipBranch
Best use of company?All purposeFamily BusinessAll purposeAll purposeProfessional servicesSpecific projects
How soon can you invoice Clients/sign sales contracts?1 week1 week1 week1 week1 week1 week
How soon can you hire staff?1 week1 week1 week1 week1 week1 week
How soon can you sign a lease agreement?1 week1 week1 week1 week1 week1 week
How long to supply corporate bank account numbers?5 weeks5 weeks1 month1 month1 month1 month
How long to supply company/entity registration numbers?1 week1 week1 week1 week1 week1 week
Corporate tax rate on annual net profits?8%0%0%0%0%8%
Limited liability entity?YesYesYesYesYesNo
Resident director/partner/manager/legal representative required?111111
Minimum/recommended paid up share capital?US$1US$1US$1US$1US$1None
Local registered agent required?YesYesYesYesYesYes
Corporate bank account location?SantanderCambridge Saving BankCitizens BankBank of AmericaLeader BankMiddlesex Savings Bank
VAT payable on sales to global customers?6.25%6.25%6.25%6.25%6.25%6.25%
Average total business set up engagement costs?US$8,932Request a proposalRequest a proposalRequest a proposalUS$8,732US$8,843
Average total engagement period?10 weeks10 weeks10 weeks10 weeks10 weeks11 weeks

Massachusetts company registration summary

Press the link headings below to read detailed, relevant, up to date information for Massachusetts business setup.

  • Benefits and problems

    Benefits of Massachusetts company registration

    Massachusetts business registration

    1. Foreign investors find Massachusetts to be the best State to employ qualified engineering staff in the US, because:
      • The State enjoys the highest concentration of Master degrees holders in the fields of science and engineering degrees in the country;
      • The state is consistency ranked on top for primary and secondary school education;
      • MIT is the best engineering school in the World;
      • Massachusetts was ranked first in the Quality of Life Index by Forbes in 2014;
      • Boston is home to top global engineering Firms, including: i) AECOM and ii) ThermoFisher Scientific.
    2. The state offers multiple business grants and subsidies to start ups, including:
    3. A Massachusetts company is a flexible business structure to enter the US market because:
      • It is possible to register an LLC in Massachusetts within a day with 1 director and 1 shareholder of any nationality, without personal travel required;
      • Massachusetts law does not mandate a minimum share capital for company incorporation. Furthermore, there is no requirement to open a corporate bank account to support the new company;
      • The state was ranked first in access to capital by CNBC in 2014;
      • All Massachusetts LLCs which are not conducting any business in the state will be exempt from any licensing requirements.
    4. Massachusetts is well connected with major economic centers across the country and is a cluster for tech companies. This allows similar businesses to benefit from each other at lower costs;
    5. It is also one of the most advanced states in research and innovation, which means higher demand for investment and growing business opportunities.

    Problems with Massachusetts company registration

    1. Running a business in Massachusetts is expensive, because:
  • Best uses for a Massachusetts company

    1. Boston is an ideal destination for engineering and other complex businesses that require high skilled workers;
    2. There are multiple targeted State grants available to new businesses, especially in the fields of employee development and international product promotion.

Company registration

  • Time to incorporate: One week
  • Cost to set up: US$8,732
  • Minimum capital: US$1
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Registered agent: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 35%
  • Corporate tax base: Worldwide
  • Shelf companies: No
  • Main company type: LLC

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Contact us

For additional information on our company registration services in Massachusetts, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Grace Odhiambo, directly: