The bill titled "An Act relative to reducing limited liability company filing and annual report fees" proposes amendments to the fees associated with the filing of limited liability company (LLC) documents in Massachusetts. Specifically, it seeks to amend Section 12 of chapter 156C of the General Laws by deleting the existing fee structure in Section 12(d) and replacing it with a new fee schedule. Under the proposed changes, the fee for filing the certificate of organization will be set at one hundred and fifty dollars, while the fee for the annual report will be reduced to fifty dollars. These fees are to be paid to the state secretary at the time of filing.

Additionally, the bill mandates that the secretary of the commonwealth take all necessary steps to implement these changes, which includes updating relevant regulations, forms, and filing systems. The act is set to take effect on January 1, 2027, allowing for a transition period for the implementation of the new fee structure.

Statutes affected:
Bill Text: 156C-12