Bill
HD 3641
Overview: HD 3641, "An Act relative to limited liability company fees", is a proposed bill introduced on November 29, 2025.Purpose and Intent: The primary purpose of this bill is t
Overview: HD 3641, "An Act relative to limited liability company fees", is a proposed bill introduced on November 29, 2025.
Purpose and Intent: The primary purpose of this bill is to review and potentially adjust the fees associated with the formation and ongoing operations of limited liability companies (LLCs) in the state. The goal is to ensure that the fee structure is fair, competitive, and supports the growth and development of small businesses and entrepreneurial activities.
Key Provisions:
- Requires the state's business regulatory agency to conduct a comprehensive review of the current LLC formation and annual fees
- Authorizes the agency to adjust the fee structure, including the potential reduction or elimination of certain fees, based on the findings of the review
- Mandates the agency to report its recommendations and any proposed fee changes to the state legislature for consideration and approval
Affected Parties and Impacts: The bill would primarily impact individuals and businesses seeking to form or maintain LLCs in the state. By potentially reducing the financial burden associated with LLC fees, the bill aims to foster a more favorable business environment and encourage entrepreneurship and small business development.
Procedural and Timeline Considerations: As a proposed bill, HD 3641 is currently in the early stages of the legislative process. The next steps would involve committee hearings, debates, and potential amendments before a final vote in the state legislature.
Compiled from official sources — confirm details with the bill’s official record.
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