LLC massachusetts information 1700s [With Tutorial]

Last updated : Sept 28, 2022

What was Massachusetts like in the 1700s?

Two colonies were established in Massachusetts, Plymouth Colony and the Massachusetts Bay Colony, and these early colonists faced many hardships including disease, famine, brutal winters, hot and humid summers, warfare with local Native-American tribes as well as with other countries that were also trying to colonize ...

How did Massachusetts make money in the 1700s?

The early colonial economy of Massachusetts was primarily based on agriculture. The constant flow of English immigrants enabled the first Massachusetts farmers to profit for approximately one decade by growing corn and raising cattle.

What is a Massachusetts LLC?

A Massachusetts LLC (limited liability company) is a business type that provides limited liability and to its owners (called members) and flexible taxation and management options.

What happened in Boston in the 1700s?

The Boston Massacre was a deadly riot that occurred on March 5, 1770, on King Street in Boston. It began as a street brawl between American colonists and a lone British soldier, but quickly escalated to a chaotic, bloody slaughter.

Who owned Massachusetts?

In 1629 King Charles I of England granted the Massachusetts Bay Company a charter to trade in and colonize the part of New England that lay approximately between the Charles and Merrimack Rivers, and settlement began in 1630. Boston was made the capital in 1632.

When did Massachusetts abolish slavery?

In 1780, when the Massachusetts Constitution went into effect, slavery was legal in the Commonwealth. However, during the years 1781 to 1783, in three related cases known today as "the Quock Walker case," the Supreme Judicial Court applied the principle of judicial review to abolish slavery.

What was money called in the 1700s?

Cash in the Colonies was denominated in pounds, shillings, and pence. The value of each denomination varied from Colony to Colony; a Massachusetts pound, for example, was not equivalent to a Pennsylvania pound. All colonial pounds were of less value than the British pound sterling.

What type of business would do best in Massachusetts colony?

Economy: Farming was difficult in the Massachusetts Bay Colony so people found other means of making a living by establishing a manufacturing base and trade. Major industry for the colony included Agriculture (fishing, corn, livestock), Manufacturing (lumbering, shipbuilding).

What currency was used in America during the 1700s?

The most famous of these was the Spanish Dollar, which served as the unofficial national currency of the colonies for much of the 17th and 18th centuries. With its distinctive design and consistent silver content, the Spanish dollar was the most trustworthy coin the colonists knew.

What are the benefits of an LLC in Massachusetts?

Benefits of starting a Massachusetts LLC: Limits and separates your personal liability from your business liability and debts. Simple tax filing and potential advantages for tax treatment. Strong support for small local businesses. Numerous business tax credits.

Do LLCs pay taxes?

All of the profits and losses of the LLC "pass through" the business to the LLC owners (called members), who report this information on their personal tax returns. The LLC itself does not pay federal income taxes, although some states impose an annual tax on LLCs.

How much is a LLC in Mass?

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.

What did settlers first call Boston?

In early sources the Lincolnshire Boston was known as "St. Botolph's town", later contracted to "Boston". Before this renaming the settlement on the peninsula had been known as "Shawmut" by Blaxton and "Trimountaine" by the Puritan settlers he had invited.

What was Boston originally called?

Originally called Tremontaine for the three hills in the area, the Puritans later changed the settlement's name to Boston, after the town in Lincolnshire, England, from which many Puritans originated.

Who were the first people in Boston?

Boston was founded in 1630 by English Puritans fleeing religious persecution. On 29 March 1630, a fleet of 11 ships carrying 700 people sailed from England to Massachusetts. They were led by John Winthrop (1588-1649). At first, the people settled at Charlestown, which had been founded the year before.

What was Massachusetts before 1776?

The Massachusetts Bay Colony (1630–1691), more formally the Colony of Massachusetts Bay, was an English settlement on the east coast of North America around the Massachusetts Bay, the northernmost of the several colonies later reorganized as the Province of Massachusetts Bay.

Who left Massachusetts until 1820?

Maine remained a part of Massachusetts until 1820, when it was established as a separate state. Settlers feared the reputedly hostile Native Americans of Massachusetts, but until 1675 relative peace prevailed because of a pact with Massasoit, chief of the Wampanoag people.

Who founded Massachusetts in 1620?

The first settlers in Massachusetts were the Pilgrims who established Plymouth Colony in 1620 and developed friendly relations with the Wampanoag people. This was the second permanent English colony in America following Jamestown Colony.

What state ended slavery last?

Slavery's final legal death in New Jersey occurred on January 23, 1866, when in his first official act as governor, Marcus L. Ward of Newark signed a state Constitutional Amendment that brought about an absolute end to slavery in the state.

Who ended slavery?

On February 1, 1865, President Abraham Lincoln approved the Joint Resolution of Congress submitting the proposed amendment to the state legislatures. The necessary number of states (three-fourths) ratified it by December 6, 1865.

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welcome to the channel guys today i'm going to go in great detail and talk about the three methodologies by which you can set up a limited liability company in the state of massachusetts now the first thing that you need to understand is the first methodology is based on the offline method the second is online the third is through a third party which i'm going to go in great detail and describe and give you the complete breakdown about now where you need to go and the first step is to a website called mass.gov this is the massachusetts official website for limited liability companies and limited liability partnerships now you need to understand what a limited liability is before you form a limited liability and today i'm gonna go in detail and give you a breakdown of what a limited liability company is now the assets that you have the wealth that you have you need to protect that wealth you need to protect that assets by forming a limited liability company you're able to protect your wealth and your assets how are you going to do that once you form a limited liability company the actual identity of your own and the identity of your organization is separated meaning if you are to be sued or you get into any trouble down the line your identity of your organization is going to be completely separate your wealth and your assets and your bank accounts are going to be protected and they will not be touched while on the other hand your organization and your business is the one that is going to go to court who's the one that needs to pay up the money and do all the other legal binding terms that are going to be given to them so a limited liability company is an unincorporated association that provides limited liability to its owners and members members are not personally liable for anything in the limited liability companies such as debts obligations or liabilities and members can take part in management and control of the llc without increasing their personal exposure beyond their contribution to the business like corporations llc are created by finding a certificate of organization with the secretary of the commonwealth and paying a fee the llc function under the terms of an operating agreement a document comparable to a partnership agreement and an llc must also file an annual report with the secretary of the commonwealth as well as you can see the secretary of the common website over here by clicking over here and it'll give you a complete breakdown and once you actually click on this it will take you to the next page now this is the limited liability company partnership now you can do it online by clicking here or do it offline getting the information in the forms once we click on it it will take us to the next page now this is the complete breakdown of the forms for the llc certificate of organization and the professional llc certificate of organization now the first thing that you need to do is you need to get a employer identification number now this is something which is very important guys because if you do not have an employer identification number which is known as a e i n you're unable to hire individuals for your organization now there's three steps that you need to understand and need to follow the first step is that you need to have an organization which is within the us or in the u.s territories the second thing that you need to do is that you need to complete the full documentation in one go and that is one of the reasons why you need to have a registered agent which i'm going to speak about in a second now you have 15 minutes per session to complete all the information and if you exceed the limit of 15 minutes you would need to start over again and that is why i recommend for you to have all your documentations in hand with you when you are actually applying for your ein and the third step is once the validations is done you will immediately be issued with your ein number you can print it you can save it and then you can actually hire individuals for your organization now the second step is the name for the limited liability company and the name has to be unique one of the common mistakes which a lot of young entrepreneurs tend to do when they're formal llc is the name of their business and the name of their website and the name of their social media handles are different please make sure that you are using the same name for all three of them it is difficult it is challenging to find a name that covers all the tracks but you have to make sure that you do find a name that works for you and you can get it for your website and for your social media handle the next thing is that you need to have a street address for your office in the commonwealth in the state of massachusetts at which their records will be maintained now this is a common mistake for people who are running ecommerce websites that want to form an llc that they don't actually get an office with a po box where mails could be sent where correspondence can be done but this is one of the requirements to form an llc that you need to have a physical place where your organization where your business exists that has an address where a correspondence can be done you need a latest date of resolution you need a business and address of the agent of service which is your registered agent we're going to talk about in a second the name and address of that individuals and obviously once all of that is done you'll be able to actually start your business now you can find it online by clicking over here once you click on file online it will take you to the next page over here you can actually put your customer id number and your pin and if you have not got information in regards to this you can click here forming a new identity once you click on it it will take you the next page where you can select the domestic profit corporation the domestic limited liability company or the domestic benefit corporation because we're doing it for a domestic limited liability company you will click on the certificate of organization and you can start providing all that information online and hopefully if you have everything in hand you will not face any problems now who is a registered agent and why do you need it every single llc corporation and non-profit is required to have an official registered agent sometimes that is called a statute agent the resident agent or an agent of service of process in each stage where you are doing business meaning if you're in the state of washington in the state of new york in the state of texas you need to have one registered agent in every single state they'll be taking care of your legal correspondence so the registered agent serves as a permanent physical presence in the state and the registers agent is the address where the state government can contact you with legal and tax correspondence including franchise tax forms notice the legislations required annual reports and every single legal requirement and they know how to respond back to the actual department what to reply back and when to reply back and how to reply back and once you're running an organizat

Thanks for your comment Luna Bushweller, have a nice day.
- Telma Thell, Staff Member

how to form an LLC in Massachusetts Massachusetts is an excellent place to form a new LLC with a high business survival rate and some of the best access to funding in the country every state has slightly different requirements for forming an LLC follow along closely to learn the required steps for creating your own limited liability company in the state of Massachusetts there are two ways to form an LLC in Massachusetts you can form one yourself or you can hire a service to do it for you let's start by looking at the five basic requirements to form an LLC in Massachusetts on your own you can also find these steps and more detail on our website linked in the description below one name your LLC every state has its own rules about what kind of names are allowed for LLC's in general you will need to observe these naming guidelines your name must include the phrase limited liability company for one of its abbreviations LLC or LLC with a period following each letter restricted words such as Bank Attorney law office etc may require additional paperwork and may also need a licensed professional to be part of the LLC your name cannot include words that could confuse your LLC with a government agency such as FBI Treasury State Department etc you cannot use a name that has already been registered to see if your name is available in your state you'll need to do a name search this free service is available on your state's Secretary of State website check out our free guide for finding the direct link to your state we also recommend that you check to see if your business name is available as a web domain even if you don't plan to make a business website today you may want to buy the URL in order to prevent others from requiring it to choose a resident agent Massachusetts requires that you nominate a resident agent more commonly known as a registered agent for your LLC who is your business this point of contact with the state the registered agent can be an individual within the company including yourself or you can hire a professional service authorized to do business in Massachusetts they will send and receive legal papers on your behalf these documents include official correspondence like legal summons and document filings which are registered age we'll receive and forward to you your registered agent will help remind you to file the necessary reports failure to properly maintain your LLC can result in fines and dissolution so this assistance is valuable 3 obtain an ein you'll need to get an employer identification number or ein from the IRS also known as a federal tax identification number your EIN is like a social security number for your LLC and is how the IRS tracks your business for tax purposes an ein is also necessary to open a business banking account and legally hire employees eons are free of charge and can be obtained from the IRS online or through the mail or file the certificate of organization to register your Massachusetts LLC you will need to file the certificate of organization with the state of Massachusetts this can be done online or by mail you will need to state whether your LLC will be member managed or manager managed member managed means all members of the LLC manage the company this is good for small organizations where everyone is involved in the day-to-day operations the second option is manager managed where individuals are appointed to manage the LLC this is appropriate for larger organizations where not everyone is involved in the day-to-day affairs of the business 5 create an operating agreement although not every state requires it you should always create an operating agreement to establish ownership terms and member roles for your LLC this foundational document is the core of your LLC and will help you maintain your organization as well as further establish your LLC is a separate legal entity there are six main sections of an operating agreement organization outlines when and where the company was created who the members are and how the ownership is structured management and voting addresses how the company is managed as well as how the members vote capital contributions covers which members financially support the LLC and how more funds will be raised in the future distributions outlines how the company's profits and losses are shared among members membership changes describes the process for adding or removing members as well as if and when members can transfer their ownership shares and dissolution which explains the circumstances in which the LLC may be dissolved an operating agreement is an internal document it does not need to be filed with the state however it should be updated every time there is a change in membership or management at the company you can download a free sample operating agreement or create a custom one using our free operating agreement tool at how to start in llc.com and with that you will have formed of Massachusetts LLC on your own option to hire professional service the second way to create a Massachusetts LLC is to hire professional service to create your LLC for you hiring a professional service to file your forms and act as your registered agent for the LLC will cost you an additional 50 to 150 dollars however there are several benefits to working with a pro a hired registered agent helps with getting your reports filed on time helps you stay organized by keeping your business mail separate and is available at all regular business hours to accept official mail and legal papers on your LLC's behalf a final and important additional benefit of using a service is privacy a professional service will provide a level of privacy by withholding your personal name and home address from the LLC's contact information there are many reasons why you might not want your personal information easily accessible and associated with your business hiring a professional LLC for mation service is an easy way to accomplish this now that you have seen the different requirements and ways you can form an LLC in Massachusetts visit our site and take some time to research your options and establish a solid foundation for your business activities click on the links in the description below to research the top 5 professional formation services or get more information on how to form a Massachusetts LLC on your own now you know all the steps to form an LLC in your state for a more detailed guide go to how to start an LLC com you can also create an operating agreement and use our business plan tool free of charge give the video a like if you found it useful and subscribe if you'd like to see more and if you have questions or encounter any roadblocks leave a comment below good luck and starting your small business you

Thanks didmixJ your participation is very much appreciated
- Telma Thell

About the author

Telma Thell

I've studied ancient roman history at Great Lakes Christian College in Lansing and I am an expert in navigation. I usually feel annoyed. My previous job was machine feeders and offbearers I held this position for 17 years, I love talking about fingerpainting and photo: leslie cross. Huge fan of Tai Lopez I practice gaelic games and collect petroliana.