An Act relative to limited liability company fees

HD 3641 would require small Massachusetts limited liability companies (LLCs) with annual revenue under $50,000 to pay a reduced annual renewal fee of $100, instead of the standard fee. This applies to LLCs renewing their registration each year after their first year of incorporation. The bill specifies that these qualifying small LLCs must pay the $100 fee annually, while paying the standard incorporation fee during their initial year. The law overrides any conflicting existing rules or regulations regarding LLC fees.