An Act relative to LLC reporting fees

HD 1890 reduces the annual reporting fee for Limited Liability Companies (LLCs) in Massachusetts from $500 to $40. This bill directly affects all LLCs required to file annual reports with the state. The key provision amends Section 12 of Chapter 156C to replace the current $500 fee with a $40 fee. The change lowers the cost burden for LLCs without altering the reporting requirements.