According to Robert Leonard, CPA, MBA, Audit Manager of Rodman & Rodman, P.C., by making this filing, the state’s list (Annual List of Corporations Subject to Taxation in Massachusetts)
Companies classified as manufacturers in Massachusetts are entitled to certain personal property tax benefits (they are still subject to real estate taxes). To obtain “classified manufacturer”
For any companies considering classified status, we would recommend calling your local tax assessor to determine what benefits are available for classified manufacturers. This classification is available to corporations, or limited liability companies (LLCs) that have elected to be taxed as corporations. LLCs that have elected to be taxed as partnerships would not be permitted to obtain classified manufacturing status.
Rodman & Rodman, P.C. does not prepare the Form 355Q, but can assist with any questions that come up during the application process.
About Rodman & Rodman P.C.
Founded in 1961 and listed in the Boston Business Journal's "Top 50 Firms," Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies. The Rodman & Rodman “Green Team” is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman, P.C. that serves “green” clients throughout the U.S. The company is Green Business Certified and has been named by “Accounting Today” as one of the "Best Accounting Firms to Work For" in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.
