Esign Legal Massachusetts LLC Resolutions Forms For Free

LLC members must pay the federal self-employment tax, which is currently 15.3% (12.4% for social security and 2.9% for Medicare). Massachusetts collects state income tax from individuals at a flat rate of 5% and has a 6.25% sales tax rate.

A Massachusetts LLC is similar to a corporation but less formal. The owners are referred to as ?members,? whereas the owners of a corporation are its ?shareholders.? Members of an LLC are taxed like a sole proprietorship, partnership, or S Corp, with income from the LLC passing through to the LLC members.

Supreme Judicial Court updated order authorizing use of electronic signatures by attorneys and self-represented parties | Mass.gov.

Up to now electronic signatures in Massachusetts have been used for offers, purchases as well as sale agreements. Many prefer to use and under the Massachusetts Uniform Electronic Transactions Act (UETA), any real estate contract which is electronically signed which complies with the law is legal and valid.

Single-member LLCs do not need resolutions, but they can still come in handy in certain situations, like if the company must defend itself in court. Documenting changes or actions not covered in the original bylaws or articles of incorporation can help an LLC protect itself from lawsuits or judicial investigations.

Stick to Single-Page Resolution Documents LLC name. Date and time of the meeting. The proposal title and description, including new contract, loan, profit distributions, etc. Names of members who voted to approve the resolution. Names of members who voted to oppose the resolution.