Author: Becky Bruso
Once you have made the decision to form an LLC and your name has been chosen, you can easily check online to see if anyone else has reserved the same name or has this name in use. In Massachusetts, there are search pages which allow you to do the following company name searches.
Once you have verified that your name is available, The best part about the LLC is that you can reserve the name in Massachusetts for 60 days with a deposit of $30.
For the faint of heart who can’t make a decision on a name or are not certain they will be moving forward or don’t have the cash to file the full LLC minimum filing fee of $500; just reserve the name for 60 days with $30. Set yourself a follow up reminder and you can move onto other decision points you have in the process of forming your business.
Consultation with your tax accountant and legal services providers are advisable and would also increase the cost of setting up your company’s legal entity type.
This article is an exploration of how The BizPal Company, LLC made decisions on its organizational structure. It is always wise to consult with your individual tax professional as they best know your circumstances.
Read more about entitiy choices at SBA entity choices.