MA Incorporation: Everything You Need to Know
MA incorporation is the process of forming a corporation that can legally operate in the state of Massachusetts.3 min read
How to Form a Corporation in Massachusetts
There are a few steps in forming a corporation in Massachusetts.
Select Your Name
First, you'll need to select a name for your business. In particular, Massachusetts corporation names have a few requirements:
- Names must end in "Limited," "Ltd.," "Incorporated," "Inc.," "Corporation," or "Corp."
- Names can't have any language implying that the corporation is used for something other than a legal business purpose.
- Names must be different from all other domestic or foreign corporations currently registered with the Massachusetts Secretary of Commonwealth.
Create the Certificate of Incorporation
The certificate of incorporation needs to be completed by at least one member of the corporation. After completion, you'll need to file it with the Secretary of the Commonwealth, Corporations Division.
Choose Your Directors
Your Massachusetts corporation will require at least three directors to help manage and direct the company. However, if you have less than three shareholders, then you may have the same amount of directors (you just can't have less).
There are no age or residence requirements for being on the board of directors of a Massachusetts corporation.
Assign the Incorporator
The incorporator is the person leading the incorporation process. At a minimum, you'll need to have one. This person must be over 18 years old but does not have to be a Massachusetts resident.
Establish Your Shares
In Massachusetts, the maximum number of authorized shares for the minimum incorporation fee is 275,000. That being said, there's no minimum amount you have to pay in capital to start operating as a business.
Pick the Registered Agent
All Massachusetts corporations must have a registered agent and office. This is where the state will send important service of process notices.
File the Annual Report
Every corporation in Massachusetts must file an annual report before March 15 to the Corporations Division. The only exception is if your fiscal due date with the IRS is different, you have until then to file.
Your annual report should include all of the information you put in your certificate of incorporation, and it costs $125 to file through mail and $100 to file online.