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Massachusetts

Forming a Company in Massachusetts

Massachusetts is at the heart of American history and a modern center of U.S. business and finance. The State of Massachusetts offers both a great quality of life and favorable climate for businesses. Companies, small and large, will find that Massachusetts offers a wide variety of tax incentives, business information programs and a highly educated work force.

The state is the capital of New England and within easy distance of many other regional markets. Massachusetts is bordered on the north by New Hampshire and Vermont; on the west by New York; on the south by Connecticut and Rhode Island; and on the east by the Atlantic Ocean.

The main booming business sectors in this state are biotechnology, finance, health care, financial services and tourism. Its agricultural outputs are seafood, nursery stock, dairy products, cranberries, tobacco and vegetables.
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Incorporating a small business in Massachusetts can provide help to prevent again personal liability as compared to owning and operating a sole-proprietorship or partnership in Massachusetts.

Massachusetts has a fairly typical tax and legal structure under which businesses must operate. Doing business in the state requires dealing with a number of state business regulations, and taxes can be higher than in other states for most types of businesses. The state's economy is robust, in terms of the level of unemployment, average per capita income levels, and other economic measures.

The state offers many advantages for your business formation, including one of the most highly educated work forces in the U.S.. Massachusetts has the highest concentration of colleges and universities in the nation, which have produced half of all the Nobel Prize winners in the United States.

A business that operates in Massachusetts can operate as a sole proprietorship, a general or limited partnership, a corporation, or a limited liability company. In addition, like the federal tax law, the state income tax law also recognizes S corporations, for income tax purposes, and generally allows the income or losses of an S corporation to "flow through" and be taxed or deducted at the shareholder level, rather than taxing the corporation itself as an entity (except for larger S corporations).

Massachusetts ‘C’ Corporation shareholders enjoy limited liability for the debts, obligations and liabilities incurred by the business as well as liability stemming from possible legal action. Protection of shareholders’ personal assets is one of the major reasons Massachusetts business owners choose to incorporate.

Your business incorporation in Massachusetts can experience the peace of mind derived from the limited liability protection a corporation provides. A Massachusetts corporation’s limited liability protection also shields its shareholders from any claims arising from lawsuits. Forming a corporation in Massachusetts should make it easier to get additional capital than it would be with some of the other types of businesses.

Massachusetts corporation owners working in the business are employees and are therefore eligible for certain fringe benefits such as group insurance plans, retirement and profit sharing plans, and tax-favored stock option and bonus plans. In addition, the corporation allows owners’ to reduce self employment taxes.

For life science manufacturers, Massachusetts offers a rebate of 50% of the payroll withholding taxes paid by the new employees to the state. These rebates are available to companies hiring 10 or more new workers in a calendar year

Massachusetts encourages businesspeople to form a company there through various incentive programs to new businesses.

Massachusetts continues its spirit of tradition and business innovation. Elite Incorporation is glad to help you get started if you’re interested in forming a corporation, LLC or other corporate entity in Massachusetts.

Useful Links

State Home Page
http://www.mass.gov/?pageID=mg2homepage&L=1&L0=Home&sid=massgov2

Massachusetts Department of Revenue
http://www.mass.gov/?pageID=dorhomepage&L=1&L0=Home&sid=Ador

Massachusetts Corporations Division
http://www.sec.state.ma.us/cor/

Secretary of the Commonwealth of Massachusetts
http://www.sec.state.ma.us/

Why Choose Us to Form Your Company

Best-in-class Service -- our focus is you, your company and your vision. We're not a call center with operators taking orders. We're a family-owned business of trained corporate professionals supporting your vision and partnering with you to obtain the entities you need for your business.

Over 30 years Experience as Sophisticated, Corporate Professionals -- our staff is highly experienced, seasoned executives. We're not providing legal advice here, and yet most of us have advanced graduate degrees, including law degrees and some of us have even practiced as corporate lawyers and still do with our affiliated law firm.

We Know Corporate Entities -- we're in this business because we've been forming and using corporate entities our entire careers. Whether it's LLCs in New York, S-corporations in California or offshore companies in Cyprus or BVI, we know the regulations, procedures and the people.

Price -- we add value for good value! We're not always the cheapest option (though we usually are!), but we're inexpensive for the experience and total support we provide and will always keep our fees reasonable to encourage referrals and repeat customers.

Total Fulfillment -- we're here to help you and will share what we know...and we're just about as good of a resource as you can get for guidance on forming your entity, the process of starting your business, and obtaining the proper advice in the U.S. and abroad.