Massachusetts - Incorporation
Incorporating in Massachusetts
How to Incorporate in Massachusetts
Massachusetts incorporation requirements are very specific and vary from most other states. So, if you are wondering how to incorporate your business, you are not alone. We get questions about this every day, but the question of how to incorporate in Massachusetts may not be as difficult as you think. It can be a very complicated task if you are incorporating a business for your first time and still can be difficult for seasoned veterans at formations, but there are options, which can make the process much easier.
There are three primary ways businesses choose when incorporating in Massachusetts.
- Incorporate yourself through the Massachusetts Secretary of State
- Hire an attorney to handle your incorporation
- Hire a company specializing in Massachusetts business formations, such as EZOnlineFiling.com.
Each of the above options provide advantages and also have some disadvantages, so it is important to choose based on your own levels of experience and understanding of the incorporation process, as well as the budget you have allotted for forming your new corporation.
Let's take a moment to quickly review the three options:
This is a very popular option with small businesses for one primary reason; cost. There is no other option that will cost less than doing it yourself, as is true with so many things. This would certainly stand out as the reason to file an incorporation yourself. However, filing your business personally is also the most likely of the three ways to result in errors in the filing. The state of Massachusetts's incorporation forms, as with so many government processes, are complicated and errors can be expensive to correct. That assumes you are aware you made a mistake. The Secretary of State does not concern itself with insuring much beyond having all the boxes filled in. When incorporating your business, the responsibility for doing it right falls on you.
Anyone who has your best interest at heart will suggest you consult with an attorney, as well as a financial expert, before you incorporate, since the Massachusetts incorporation process should be well thought out. After all, you are forming a corporation for the limited liability protection and the tax benefits it can provide your business. When you meet with these licensed professionals, the advice they give should prove to be invaluable in terms of how you structure both the legal entity and the financial order of the corporation. Unfortunately, you will also see how very expensive their help can be. Depending on where you are located and the rates charged, this one meeting could easily cost hundreds of dollars. Still, you are paying them because of their expertise and this meeting probably should be part of your plan. Once you have their plan, however, you have other options, which are less expensive, for implementing the plan. Having an attorney form a corporate structure for you is the most expensive way to go, to the point of potentially costing thousand of dollars.
Business formation companies, like EZOnlineFiling.com are the bridge between the other two options. They are not able to advise you on legal and/or financial matters, since they are not licensed to do so, but they are significantly less expensive for the actual process of an Massachusetts incorporation with the Secretary of State. The idea is to know basically what you want when you go to the formation company. All we do is business formations, and we have a staff specializing in Massachusetts incorporations. So, when you are ready to form a corporation, there is no other choice that offers a better combination of speed, accuracy and expense control.
In short, answering the question 'how to incorporate in Massachusetts' is as simple or as complicated as you choose to make it. Call us and we can talk to you about the Massachusetts incorporation process so you can see just how simple it can be when you deal with a specialist.
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