LLC, Business License, Incorporation
With the 29th largest population in the United States, Connecticut services both large and small businesses. Connecticut's major industries include insurance, agriculture, and manufacturing. Regardless of your industry, we can help you take advantage of Connecticut's business services.
In order to form an LLC in Connecticut, you will need some knowledge of the state's application process. The Company Corporation can assist you in this process. Based on information you provide us, we will be able to submit your application to the Connecticut Secretary of State on your behalf.
Advantages to Creating a Connecticut LLC
Transforming your business or sole proprietorship into an LLC has many benefits. A chief benefit is that an LLC insulates business owners' personal property from company liabilities. In addition to asset protection, an LLC also offers "pass-through" taxation, which ensures that businesses do not have to pay taxes on profits. Instead, LLC members report profit and loss on their individual tax returns.
Forming an LLC in Connecticut
A company name must be chosen for your LLC. This name must be easy-to-distinguish from other existing business entities and must also not be currently in-use by another business entity. The Secretary of State for Connecticut has a database of registered company names. The name of your business will need to be checked against this database to ensure it is not already in use. The Company Corporation will do this research for you and contact you in the event your business name has already been taken.
Once your name has been registered, your business will need to appoint a registered agent in Connecticut who can accept legal papers on behalf of your LLC. This registered agent must reside in the state of Connecticut.
After a registered agent is selected, the Articles of Organization should be drawn up. These will include information about your business, such as the industry you operate within, who will be running the business, and the names and locations of offices.
The Company Corporation will help you compile the necessary information, provide you with templates for your business's Articles of Organization, and fill out the required forms to ensure everything is done properly. The Company Corporation offers 10 to 14 days average turnaround time from the day a customer submit his or her order until the filed documents are returned from the proper Connecticut authorities.
Additional Requirements for Connecticut LLCs
When forming a LLC in Connecticut, an employer identification number is required even if your business does not plan to hire employees. A Connecticut tax registration number is then required. There is a fee required to obtain your tax registration number from the state.
All Connecticut LLCs are responsible for an annual $250 Business Entity Tax payable to the Connecticut Department of Revenue Services. In order to pay this tax, a Connecticut Tax Registration Number must first be obtained by filing Form REG-1.
Finally, your LLC must file an annual report with the Secretary of State in Connecticut. This report is due each year during the anniversary month of formation.
The Company Corporation has decades of experience assisting Connecticut businesses with forming an LLC. We can help you through the initial stages of LLC formation and then assist you with keeping track of and filing the appropriate forms before due dates.