A corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws. We provide an LLC annual meeting minutes template to help your business easily record the minutes of your LLC's annual meeting.States don't require LLCs to hold annual meetings and draft minutes. The new Online Annual Report System (OARS) will be available beginning January 5, 2015, and will be used for the 2014 annual report filing period. Learn how to file a Massachusetts annual report the fast and easy way to keep your corporation, nonprofit, or LLC in good standing with the state. We recommend the online filing because it's easier to complete. LLCs are quick to set up and offer a fair amount of flexibility in how you can run one. Establishing an LLC in Massachusetts. 1. Though it might seem complicated, you'll just fill out a relatively simple online form and submit it. Filing your annual report is required, and failing to do so will affect your LLC's good standing in the state.