Business Law in Massachusetts

Massachusetts LLC filing fees are $500 with a $500 annual report — among the highest formation costs nationally. Attorney fees range $2,000-$4,000. The state has a corporate excise tax of 8% on net income. Boston's innovation economy spans biotech (Kendall Square), fintech, robotics, and healthcare technology. The state's non-compete reform (2018) restricts non-competes to 12 months, requires garden leave or mutually-agreed consideration, and bans non-competes for hourly, nonexempt employees. Massachusetts Paid Family and Medical Leave Act adds employer compliance complexity. The state's labor laws are among the most employee-protective in the nation.