An Act reducing the costs for small business

This bill proposes to lower the fees for small businesses in Massachusetts by setting a flat rate of $250 for both filing a certificate of organization and submitting an annual report. It directly affects limited liability companies and other entities that register with the state secretary, simplifying the cost structure for these filings. The legislation amends existing state laws to establish these specific fee amounts, replacing any previous variable or higher charges. The changes are set to take effect on January 1, 2016, aiming to reduce administrative expenses for small business owners.