LLC Annual Report In Massachusetts

February 6, 2008 | Comments Off

Massachusetts requires Limited Liability Corporations to present an Annual Report every year, on or before the anniversary date of the corporation. They request you to confirm the information you entered at the time of registration or ammendment. And they leave you space to inform the state and your LLC members of any other important information you wish to include in the annual report.

Although I think it is just a scheme from Taxachussetts to charge you $500.00, I see this moment as an opportunity to prepare a good Anual Report that can serve as a marketing document. One that informs about:

Goals Achieved
Consultant Credentials
Services Offered
Goals for Next Year
Financial Situation (which are not a requirement in a private company, and exposing them may be a liability, but sure show stability if there is).

Since this is information which has to be registered at the state, and you are not allowed to lie here, it gives credibility to whatever you write on it.

I prepared two versions with the same text this year. The glossy one with nice graphics that I hope potential customers and investors love and the ASCII (text) version entered into the state website. So far I have found it very valuable when explaining customer about the company they are dealing with and then finishing the segment of the presentation or conversation with a handout that details what I have explained: our 2007 Annual Report.

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