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Massachusetts trusts (also known as common-law trusts, business trusts, or unincorporated business organizations) are a unique type of trust used by individuals to run a business outside the normal legal entities such as a corporation or partnership.
Top 5 Tips on Registering a Business in Massachusetts The costs to start an LLC in Massachusetts are significant. LLCs pay a $500 formation fee and $500 annual report fee. Most corporations pay only $275 to get started then $125 per year. Massachusetts registered agent and resident agent are synonymous.
How to start a business in Massachusetts in 8 steps 1) Think about the type of business you want to start. ... 2) Set up your legal structure. ... 3) Name and register your business. ... 4) Apply for licenses and permits. ... 5) Choose a location. ... 6) Open a bank account and prepare for future taxes. ... 7) Purchase business insurance.