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Fees and timelines in 2023

Fees

payment method by instalmentMassachusetts LLC setup costs in Year 1 will amount to US$1,590 and annual company costs in Year 2 and thereafter will amount to US$850. The average fee per engagement amounts to US$8,732 including i) Massachusetts company incorporation, ii) corporate bank account setup, iii) legal registered office and iv) all government registration fees.

Different Canada entity typesCostDraft invoice
Tax resident LLCUS$8,732View invoice PDF
CorporationUS$8,932View invoice PDF
Branch of a foreign companyUS$8,843View invoice PDF
Representative OfficeUS$8,843View invoice PDF
LLPUS$8,732View invoice PDF
Free zone companyUS$10,682View invoice PDF

Other fee considerations

Timelines

The average Massachusetts company registration period is 9 weeks as outlined below:

ServiceLLCCorporationBranchRepresentative Office
Engagement planning1 week1 week1 week1 week
Company incorporation1 week1 week2 weeks2 weeks
Bank account approval4 weeks4 weeks5 weeks5 weeks
Internet banking approval2 weeks2 weeks2 weeks2 weeks
Engagement completion1 week1 week1 week1 week
Total engagement period9 weeks9 weeks11 weeks11 weeks

massachusetts business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Massachusetts, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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