An Act relative to reducing limited liability company filing and annual report fees

This bill reduces fees for Massachusetts limited liability companies (LLCs). It lowers the initial filing fee for LLC formation from $300 to $150 and cuts the annual report fee from $400 to $50. These changes directly affect LLC owners who must pay these fees when registering their business or submitting annual reports. The bill requires the state secretary to update systems and regulations to implement the new fees, effective January 1, 2027.