Who is exempt from workers comp in Massachusetts?

Members of a LLC, partners of a LLP, or sole proprietors are exempt from workers' compensation insurance. Corporate officers who own at least 25% interest in the corporation can also file for an exemption.

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Massachusetts Affidavit of Exemption For Certain Corporate Officers Or...

Massachusetts Affidavit of Exemption For Certain Corporate Officers Or Directors

Name: Massachusetts Affidavit of Exemption For Certain Corporate Officers Or Directors
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.65 (222 reviews)

Category:

Massachusetts Workers Compensation - Official

State:

Massachusetts

Control #:

MA-SKU-1045

Format:

Instant download

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Description

Affidavit of Exemption For Certain Corporate Officers Or Directors The Massachusetts Affidavit of Exemption For Certain Corporate Officers Or Directors is a document that is used to exempt certain officers or directors of a corporation from being personally liable for the debts or other financial obligations of the corporation. This document is typically used when there is a risk that a personal guarantee may be required from a corporate officer or director in order to secure a loan or other financial obligation. The specific types of Massachusetts Affidavit of Exemption For Certain Corporate Officers Or Directors are: 1. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Creditor Claims 2. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Debts of the Corporation 3. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Unpaid Wages 4. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Taxes and Other Obligations.

The Massachusetts Affidavit of Exemption For Certain Corporate Officers Or Directors is a document that is used to exempt certain officers or directors of a corporation from being personally liable for the debts or other financial obligations of the corporation. This document is typically used when there is a risk that a personal guarantee may be required from a corporate officer or director in order to secure a loan or other financial obligation. The specific types of Massachusetts Affidavit of Exemption For Certain Corporate Officers Or Directors are: 1. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Creditor Claims 2. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Debts of the Corporation 3. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Unpaid Wages 4. Massachusetts Affidavit of Exemption for Corporate Officers or Directors from Liability for Taxes and Other Obligations.

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How to fill out Massachusetts Affidavit Of Exemption For Certain Corporate Officers Or Directors?

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FAQ

All employers operating in Massachusetts are required to carry workers' compensation insurance for their employees and themselves if they are an employee of their company. The requirement applies no matter the number of hours worked or the number of employees.

As a sole proprietor you are not required to get workers' compensation insurance coverage. If you have employees, they must be covered. If you are a corporate officer that owns 25% or more of a company, you can file for an exemption so you will not be covered under a policy.

Members of a LLC, partners of a LLP, or sole proprietors are exempt from workers' compensation insurance. Corporate officers who own at least 25% interest in the corporation can also file for an exemption.

Do Massachusetts independent contractors need to be covered by workers' comp? Workers in the state of Massachusetts are considered employees for tax purposes. This means you will be required to provide them with workers' comp coverage.

Case law in Massachusetts has held, generally, that compensation for an injury arising out of and in the course of employment does not extend to cover employees going to and coming from their work. This is referred to as the ?going-and-coming? rule. This rule bars recovery of workers' compensation benefits.

More info

AFFIDAVIT OF EXEMPTION FOR CERTAIN CORPORATE. Certain business owners who meet the statutory requirements may elect to exclude themselves from workers' compensation insurance coverage, including:.Form Name, AFFIDAVIT OF EXEMPTION FOR CERTAIN CORPORATE OFFICERS OR DIRECTORS. 00 (fee set in Minnesota Statute § 326B. We are a corporation and its officers have exercised their right of exemption per c. Funding Disclosure Reports. WHO MUST REPORT: 501(c)(3) organizations required to register in New York State pursuant to Executive Law §172. Procedures for exempt organizations that terminate their existence. Applicant may also be required to complete an affidavit to qualify for an exemption under certain situations. How do I change the officers, directors, members or managers of a corporation or limited liability company on your records?

Massachusetts Affidavit of Exemption For Certain Corporate Officers Or Directors

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FAQ

Who is required to have workers compensation insurance in Massachusetts?

Does a single member LLC need workers compensation insurance in Massachusetts?

Who is exempt from workers comp in Massachusetts?

Do independent contractors need workers comp in Massachusetts?

What is the coming and going rule for workers comp in Massachusetts?

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