Fees and timelines in 2022

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 types Cost Draft invoice
Tax resident LLC US$8,732 View invoice PDF
Corporation US$8,932 View invoice PDF
Branch of a foreign company US$8,843 View invoice PDF
Representative Office US$8,843 View invoice PDF
LLP US$8,732 View invoice PDF
Free zone company US$10,682 View invoice PDF

Timelines

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

Service LLC Corporation Branch Representative Office
Engagement planning 1 week 1 week 1 week 1 week
Company incorporation 1 week 1 week 2 weeks 2 weeks
Bank account approval 4 weeks 4 weeks 5 weeks 5 weeks
Internet banking approval 2 weeks 2 weeks 2 weeks 2 weeks
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 9 weeks 9 weeks 11 weeks 11 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