Start Your Massachusetts C-Corporation in Boston
Harvard, MIT, and much more besides, there has always been something up market about Boston whether it be education or culture. That still remains true today. Is this the place for your company’s US base?
The Turnkey Solution for International Entrepreneurs Looking to Expand Their Business into Massachusetts, Boston
- Incorporation of your Massachusetts Corporation by a U.S. attorney.
- Attractive business address in Bostons.
- A U.S. Board Member for your corporation.
- A U.S. bank account for your corporation with one of the major U.S. banks.
- Tax, legal and strategy advice taking into consideration the U.S. and international perspective.
- Ongoing tax and accounting services.
With Mount Bonnell Advisors, your Texas corporation will be fully operational in four weeks or less. Additionally, all of this can be done without you having to travel to the U.S.!
Boston, Massachusetts at a Glance
Boston’s most famous University – Harvard – has educated some of the world’s most powerful individuals, with some graduating and some not. Most notably, Facebook founder Mark Zuckerberg, who actually dropped out of Harvard but is worth (as of 2018) $62.8 billion.
The design and layout of Boston is well-known for its old-town style with buildings designed in the style of King George. Some streets throughout the city are also reminiscent of the streets in London and Dublin. Boston is brimming with tradition and history, housing the first American lighthouse, park, chocolate factory, Subway, and public beach.
When it comes to taxation, Massachusetts sits somewhere in the middle of the U.S. states. But the academic/elite/traditional touch of Boston makes it an interesting location for many entrepreneurs. Moreover, Harvard can provide you with a steady stream of up-and-coming talent with a world-class education. Overall, Boston is an amazing place to set up your U.S. business.
What is a C-Corporation
- Corporate entity available in all 50 US States.
- Structured like a limited company.
- Limited liability.
- No minimum share capital requirements.
- Share capital does not have to be paid in.
- Nominal value per share is at least $0.01.
- Managed by the board, which consists of one or more directors.
- Taxed as a corporation: The company pays U.S. corporation tax and shareholders pay dividend tax on distributions in their country of residence.
What’s included in your Massachusetts C-Corporation Package $4,600
Through our office in Austin, TX, Mount Bonnell takes care of all your needs including the myriad of details involved in setting up and the on-going running of your Massachusetts Corporation.
Setup of your Massachusetts C-Corporation
We will set up up your U.S. corporation in Massachusetts using our U.S. Attorney. Laying the foundation takes around 3-5 working days and confirmation will be sent to you via email.
The Massachusetts Secretary of State charges a standard fee for this, and that is automatically included in the price quoted.
Your Boston Office
Mount Bonnell will provide you with a virtual office in Boston. This is more than just a mail address. Our fully furnished office suite can be used by your US business for a variety of purposes when you or your team are working in the United States. Included in the package are all the usual virtual office services such as mail forwarding via email as well as a fully staffed telephone reception cover during office hours.
Provision of a U.S. Director
Mount Bonnell will provide you with a U.S. based director for your corporation. They will open a U.S. bank account for your company. They will obtain a Visa/Mastercard for your new US business plus provide you with the necessary online banking details until such times as you can come to Stateside and finalise banking arrangements. Normally this will be either by registering as a second director for your US company or operating through the power of attorney.
Applying for Your U.S. Tax ID
Mount Bonnell takes care of this by contacting the IRS when applying for the relevant Tax ID related to your company. A Tax ID is necessary when opening a U.S. bank account.
U.S. Bank Account
Mount Bonnell will open a U.S. business account at one of America’s top banks. All accounts opened will have either a Visa or Mastercard, as well as the usual online banking facilities for your account. Please note: these accounts are only available in USD accounts.
Our Corporate Kit is an extensive folder containing all company documents, share certificates and templates for shareholder resolutions, and much more.
Courier and Postage Costs
Mount Bonnell will send to your European address two shipments. The first will be your bank account documents: including your Visa/Mastercard, as well as the signed trust agreements. We will send this via courier (FedEx). You should receive that shipment within one or two days of the bank account opening. The second shipment is your US company’s official information pack, the Corporate Kit. This delivery takes around two to three weeks once your US company is registered.
Your company will be managed by our highly qualified employees in Europe and the U.S. All standard services such as the submission of the annual report are in the annual fee and will already have been received. Additional support and advice will be charged on an hourly basis.
At any time you can opt for the following to add to the Mount Bonnell service provided to your Massachusetts Corporation.
Express Inception - $250
The Secretary of State will offer to rush the incorporation at a fee. While processing times are not guaranteed by the Secretary of State, utilizing this option does shorten the processing time usually to just under half or less.
Local Phone Number & Answer It for You - $1,700 per year
Mount Bonnell can provide you with a local telephone number. We can also arrange for someone to answer that number during normal US office hours. Moreover, that someone answering the phone will be based in the U.S. When they answer any call, they will tell the caller that you are currently unavailable and then record the caller’s details and take a message. This information is then passed to you immediately via email.
Professional Website for Your Corporation - $1,500
When you want to find out about a company, the first thing you do is visit the company’s website. The same is true of banks and tax authorities. Our recommended online marketing agency will build your business a Wordpress website. That consists of around 8 to 10 pages using specifications we supply to them on your behalf. We also review the overall look and feel of the content that is on your website to ensure that it fits with your business plan and business goals. Read More
Drafting Shareholder Agreement - $1,800
First off, the shareholder agreement (SHA) is not required by law. It only regulates the rights and duties of the shareholders and won't be filed with the authorities. In the SHA, it is customary to agree on certain rules, for example, vesting clauses, or drag and tag-along. The shareholder agreement you receive from our US attorney covers all the relevant aspects of the cooperation between the shareholders. It can be adjusted to suit your business needs.
U.S. PayPal Account for Your Inc. - $250
If you wish, we can open a U.S. PayPal Business Account for your newly formed C-Corporation by using your choice of email address linked to the company’s business bank account. To open your PayPal account, the Social Security Number (SSN) of the U.S. CEO is needed. The only way to open your PayPal account is via the US CEO provided by Mount Bonnell. The U.S. CEO takes care of the ongoing administration of the PayPal account.
Second Business Account - $500
When you need another Visa or Mastercard account as a second business account, we can open this second account for you at your US bank or, indeed, at a different one if preferred.
Drafting of Initial Corporate Records - $800
Although not required by law, when a company is founded, it is then that the corporate records and share certificated are created for internal documentation and as evidence for any shareholders. Our Corporate Kit contains templates for these documents for you to complete. Using this additional service, we can also draft and complete them for you from scratch and will include them in the company kit.
Services Invoiced on a time and material basis
Any accounting and support services will be billed on a time and material basis in accordance with our current rates. Mount Bonnell clients will be invoiced periodically for any such hours accrued.
Preparing the Corporate Tax Return
The corporate tax return for the previous calendar year is due on the 15 April (15 October with filing extension). With these dates in mind, our accountants and tax advisors will prepare the annual financial statements and then submit them to the US IRS. Read More
Preparation of Financial Statements
The corporation tax return is based on the company’s financial statements which we will prepare based on the business records provided by you. Read More.
Tax Service & Advice
Our qualified staff will answer all tax and legal issues related to your company. Regardless of whether they’re purely U.S. related tax issues or international planning, our consultants are available to help at any time via appointment or telephone. However, it is important to understand that we are not lawyers so often we pass on more complex legal issues to more qualified U.S Attorneys or Tax Advisors, and this has an additional cost.
Our consultants are always available to our clients via phone or email. At any time, we will happily answer administrative questions concerning your company.
Communication with the U.S. authorities
There may be regular, often routine, inquiries from the local US authorities in regard your company. These inquiries could be, for example, random queries on your financial statement and annual report. Mount Bonnell can handle all such inquiries and represent you to the authorities in all such matters relating to your company.
Image Gallery: This Is Where Your Massachusetts Corporation Will Call Home
How a Massachusetts Corporation is Taxed
- Corporation profits are taxed at the current Federal rate: 21%.
- Profits on supplies and services to non-U.S. customers (exports of goods and services) are taxed at a current rate: 13.125%
- Dividends distributed to the C-corporation from subsidiaries abroad are exempt from tax if they have been taxed at a level of at least 10.5%. If this is not the case, then there will be an additional tax at a rate of up to 10.5%.
- Profits are also taxed at the state level. Additionally, profits are taxed at a federal level. In Massachusetts, a wealth tax of $2.60 for every $1,000 earned.
- VAT, as understood in the EU, does not exist in America. Sales tax in the US only applies locally to the sale of goods, for example on purchases made at a supermarket; it does not apply to the sale of services.
- Sales Tax will only be payable when the company serves customers in Massachusetts at a rate of 6.25%, plus a potential local tax of no more than 2%.
Particulars of Your Massachusetts Corporation Available on the Secretary of State Website in Massachusetts
- Along with the name of the C-Corporation and its registered Massachusetts-based office, at least one of the corporation’s officer’s name must appear in the Massachusetts Register of Companies.
- Mount Bonnell Advisors will appoint a U.S. board member for your Massachusetts based C-Corporation. Typically, this board member’s name would be published with the Secretary of State. However, this is optional and if the corporation has more than one board member, another board member’s name may we published with the Secretary of State.
- The board member’s name must appear in the Massachusetts Register of Companies prior to any bank account being opened.
- Although all C-Corporation shares are registered shares (rather than bearer shares), they are not managed electronically but on paper. Additionally, in the U.S, details of any C-Corporation’s shareholders are not published by or even reported to the Secretary of State.
To find out more, take a look at this screenshot of a typical entry in the Massachusetts Register of Companies (click here for full screen):
Move Your Existing U.S. Company to Mount Bonnell Advisors
If you already have a company in the U.S., we can help provide you with all the tax and administrative support your company needs.
And this is regardless of whether you want to keep your current registered agent and business address arrangements or, alternatively, use one provided by Mount Bonnell Advisors.
Furthermore, if needed, we can provide a U.S. director for your company (subjectto the usual checks).
Details about the set up & management of your corporation
Further information on our range of services around the Texas Corporation can be found on the following pages:
Good to Know: Further Information About Your U.S. C-Corporation
- If all your questions have been answered and you are ready to proceed, please click here to order your Massachusetts Corporation.
- If you are not sure about the feasibility of your US project, you can request a free no strings potential analysis. We’ll get back by email with our expert opinion on your venture.
- If you need advice on setting up a business in the US and moving to the US, please click here to book a consultation.
Our Texas Lone Star Guarantee
Mount Bonnell Advisors do business the Texan way. Like the five points of the Texas Star, here are our five guaranteed principles when working with you:
- Mount Bonnell Advisors are both Europe and US based. We understand business needs both sides of the Atlantic, whether it’s in Austin or Andorra.
- Texans say what they think, so do we. No sales people, no commissions, no “free” consultations, and the only bull you will ever see is when we take you to the rodeo.
- We work with winners. Mount Bonnell Advisors works exclusively with successful entrepreneurs who aim to have an annual US sales turnover of at least $500k.
- Mount Bonnell Advisors team don’t just talk the talk though, they have walked the line - all the way by moving business from Europe to Texas. We know what it’s like from the inside, we really do.
- Last but not least - one word that sums up our whole approach: integrity. But to find out more about that book a consultation and let’s get started on making your American Dream a reality in the Lone Star State.
All U.S. Corporation locations recommended by us
- New York
One of the most famous cities in the world and the center of high finance, many company's call New York City home.
This iconic tourist destination is surrounded with culture, art, design and is the bridge to South America.
With low tax rates and advantageous company law, many businesses use Las Vegas as a platform to grow.
Consisting of Harvard and MIT, Boston plays host to the United States’ best and brightest future prospects.
Austin is quickly becoming a booming tech startup hub, rapidly catching up to the famous Silicon Valley.
Situated almost 2,000m high in the Rocky Mountains, Jackson in Teton County has the highest income per capita in the United States.
Wilmington, DE is home to many business giants such as Apple, Google, Daimler, Volkswagen, and Deutsche Bank.
- District of Columbia
As the heart of the United States, think tanks, lobbyists, and businesses flock to Washington, DC.
San Francisco is the core of technological innovation in the U.S. Tech titans such as Apple and Google call this city their home.