Annual Report

Each limited liability company shall file the following annual report that lists:

  • The company name
  • The period of the LLC’s duration (this period may be perpetual or for a set amount of time). If the LLC is to have a specific date of dissolution, the latest date on which the LLC is to dissolve
  • The purpose of organization (this may be specified or you are allowed to use the phrase “any or all lawful conduct for which a limited liability company may be organized”)
  • The address of the company’s registered office
  • The name of the company’s registered agent (If you don’t have a registered agent, United Agent Services can arrange to be your legal agent – see below for additional details)
  • The name and address of each manager, if any, at the time of formation
  • The name of any other person besides manager authorized to execute documents filed with the state secretary (at least one person should be named if there are no managers)
  • If desired, the names of persons authorized to execute, acknowledge, deliver and record any recordable instrument purporting to affect an interest in real property, whether to be recorded with a registry of deeds or a district office of the land court
  • Any other matters or other provisions for internal regulation the authorized persons determine to be included therein

Records

Each limited liability company shall keep following records open to inspection at its office:

  • A current list of the full name and last known address of each member and manager
  • A copy of the certificate of organization and all certificates of amendment thereto, together with executed copies of any powers of attorney pursuant to which any certificate has been executed;
  • Copies of the LLC’s federal, state, and local income tax returns and reports, if any, for the three most recent years
  • Copies of any then effective written operating agreements and of any financial statements of the LLC for the three most recent years
  • Unless contained in a written operating agreement, a writing setting out:
    • The amount of cash and a description and statement of the agreed value of the other property or services contributed by each member and which each member has agreed to contribute
    • The times at which or events on the happening of which any additional contributions agreed to be made by each member are to be made
    • Any right of a member to receive, or of a manager to make, distributions to a member
    • Any events upon which the LLC is to be dissolved and its affairs wound up