What is a good business to start in Massachusetts?
William Smith
Updated on April 03, 2026
List of Best 15 Small Business Ideas in Massachusetts with Little Money
- Customized Tour Services. Tourism is a major contributor to the state’s economy.
- Digital Marketing Agency.
- Online Survey.
- Berry Farming & Export.
- Business Consulting Firm.
- Bed & Breakfast Business.
- Food Truck.
- Life Coaching Business.
Is Massachusetts a good place to start a business?
A new study finds Massachusetts is the best place to start a business in the U.S. a great place for prospective businesses to thrive. According to the Business News Daily, one of the biggest advantages to small business owners in the state of Massachusetts is its ongoing economic growth.
What kind of businesses are in Massachusetts?
Business formation in Massachusetts: The basics.
- Sole Proprietorship. This is the simplest form of business structure.
- Limited Liability Company. A limited liability company, or LLC, offers owners limited liability.
- C Corporation. This structure transforms the business into a separate legal entity owned by shareholders.
What is considered a small business in MA?
Small businesses are defined as firms employing fewer than 500 employees.
What is good business in Boston MA?
| Company | Net Income (TTM, in millions of dollars) | Net Profit Margin (TTM) |
|---|---|---|
| CVS Health (NYSE:CVS) | $4,630 | 3.3% |
| Biogen Idec (NASDAQ:BIIB) | $3,280 | 32.4% |
| EMC (NYSE:EMC) | $2,570 | 16.4% |
| TJX Companies (NYSE:TJX) | $2,220 | 7.6% |
Is Massachusetts good for small business?
In a 2018 Small Business Friendliness Survey released by Thumbtack, it was revealed that Massachusetts ranks high among the top places to launch a new business venture and for good reason, too. Massachusetts is a state often known for its thriving entrepreneurial ecosystem, supporting startups from the ground up.
Is Massachusetts business friendly?
Massachusetts ranked 14th best state to conduct business in, according to CNBC study. The list was based off on a number of factors including: “Cost of Doing Business,” business friendliness, access to capital and infrastructure.
How much does it cost to start a business in Massachusetts?
Step-By-Step Startup
| Structure | Cost |
|---|---|
| Massachusetts Limited Liability Company Click for step-by-step instructions | Formation: $500 + optional $25 expedite fee |
| Massachusetts Corporation Click for step-by-step instructions | Incorporation: $275 + optional $25 expedite fee + $100 for each 100,000 authorized shares over 275,000 |
Can I run a small business from my home?
You can start and run your small business from the comfort of your own home. Running a business from home allows you to profit without dealing with the high overhead typical of traditional business settings. You also avoid long commutes. Running a successful small business from home isn’t always easy, however.
How much does a business license cost in Massachusetts?
As previously mentioned, Massachusetts business license fees aren’t ridiculously expensive; most run anywhere between $20 to $50 to apply. If you need to get a specialty license, you may need to pay a little more.
How do I start a business in Massachusetts?
How to Form a Corporation in Massachusetts
- Choose a Corporate Name.
- File Articles of Incorporation.
- Appoint a Registered Agent.
- Prepare Corporate Bylaws.
- Appoint Initial Directors and Hold First Board Meeting.
- File Annual Report.
- Obtain an EIN.
What is Boston known for in business?
The most significant industry sectors among Boston’s largest employers are Health Care, Finance and Insurance, and Higher Education. These three industries account for approximately 74% of all employment in Boston’s largest employers, or roughly 142,000 jobs across 61 companies.
