Massachusetts Debt Management license
Massachusetts PROHIBITS Debt Management Companies
Pursuant to Massachusetts law, Mass. Gen. Laws. Ann. 180 § 4A , Debt management companies are prohibited from operating in Massachusetts . Read the statute here.
Certificate of Authority
If you want to engage in a business other than a debt management business, then with certain limited exceptions a Massachusetts Certificate of Authority is required if a company does business in Hawaii regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of Massachusetts requires companies not incorporated in Massachusetts to obtain before “transacting business” within the state borders of Massachusetts.
Debt management companies are NOT ALLOWED to operate in Massachusetts per statute.
FOR BUSINESSES OTHER THAN DEBT MANAGEMENT COMPANIES:
The filing fee for a foreign limited liability company to register a Massachusetts Certificate of Authority is $500.
The filing fee for a foreign corporation to register a Massachusetts Certificate of Authority is $400.
Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.
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Want to verify if an existing company is licensed in another state as a Debt Management company? Click here.