Hi Michelle,
What would be the steps/cost of opening a collection agency that is an LLC and be licensed to collect in NH and MA? I would like for the LLC to be based in NH. I am not asking about total start up costs, rather just the licensing costs that each state require? – thanks, Brian
Brian,
In NH a 3rd party collection agency is not required to be licensed. You are required to be licensed in MA – the cost for the licensing to be able to collect in MA is $500.00. contact The Massachusetts Division of Banks, One South Station, Boston, MA 02110 or check out their website.
If you are looking for any other state information on licensing check out Chapter 27 in my book Starting a Collection Agency, how to make money collecting money – third edition.
