How To Form an LLC In Connecticut
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1. Choose a Name for Your Connecticut Limited Liability Company
Check for an Available Name for the LLC in Connecticut: You must choose a unique name for your company in order to file to form a Limited Liability Company in Connecticut. It is a good idea to search databases online and in other records before you file so that you can be sure that the name that you want to use is available and not in use by another LLC in the state. You can search the business entity database that is on the official website of the Connecticut Secretary of State at Connecticut LLC.
Reserve a Name for Your Connecticut LLC: It is not required that you reserve a name before you file to form your LLC in Connecticut, but if you would like to reserve a name before you file you can submit a name reservation application. You can go to Connecticut LLC to download the application form. The LLC name that you submit will be reserved in the state of Connecticut for 120 days. There will be a $60.00 fee to reserve a name for an LLC.
Filing for Trademarks Protection and Doing an LLC Name Search: You may, after a search of databases and other records, learn that the name that you want to use to form your LLC is available in Connecticut but in use by another company somewhere else in the country. There may be several restrictions on how you use the name that you have chosen for your LLC. You can go to how to choose a name for your llc to find more information on choosing a name for your LLC.
Connecticut LLC Name Requirements: Remember that you must include the designation "LLC," “L.L.C.,” or "Limited Liability Company" in the name of your Limited Liability Company in Connecticut. It is important to remember also that the term “LLC” stands for “Limited Liability Company” and not “LLC Corporation, “Limited Liability Corporation,” or anything else relating to a corporation. An LLC is a different kind of business entity than a corporation.
2. Find a Statutory agent in Connecticut
You must select a statutory agent before you file to form your Limited Liability Company in Connecticut. A statutory agent will act as an agent for service of process and will receive all tax documents, legal notices, and other official notices for an LLC. There are corporate service companies that provide statutory agent services to LLCs. There is generally a fee between about $75.00 and $150.00 for this service.
3. File Articles of Organization with the Connecticut Secretary of State
Minimum Requirements for the Articles of Organization: The Articles of Organization that you file for your LLC must contain the name and purpose of your LLC, the address of your principal office, your statutory agent, the name and address of the managers of the LLC, and the name and signature of the organizer. You can find the Articles of Organization form online at Connecticut LLC.
Other Connecticut Legal Provisions: Consider including other clauses in addition to the minimum requirements listed above when you go to create your Articles of Organization. A lawyer can help you to create Articles of Organization that include additional clauses that are relevant and beneficial for your company.
Where to Submit the Articles of Organization for Filing: You can mail your Articles of Organization to Commercial Recording Division, Connecticut Secretary of the State, P.O. Box 150470, Hartford, CT 06115-0470 or drop off the document in person at 30 Trinity Street, Hartford, CT 06106.
Filing Fee: The fee to file Articles of Organization in Connecticut will be $120.00.
4. Form a Connecticut Limited Liability Company Agreement (Operating Agreement)
After filing Articles of Organization to form your Limited Liability Company in Connecticut, you need to create an LLC Agreement that governs how your LLC will be operated. The LLC Agreement needs to be signed by all the members of your LLC. In general, an LLC is operated in a more simple way than a corporation is operated. An LLC Agreement governs the actions between the members of an LLC. The details of an LLC Agreement depend on many factors, such as the number of people involved, how much money is being invested, how the money will be distributed, and whether the company will be managed by a manager or by the members. The details of the Agreement also depend on the purpose of your LLC. For example, the LLC Agreement for an LLC that will be used to operate a retail store will most likely be different than the LLC Agreement for an LLC that will be used to own and develop real estate. A lawyer and an accountant can help you to draft your LLC Agreement so that you comply with all state requirements and federal tax laws.
There are other documents that you will need to create or file after forming your LLC. You will most likely need to create securities filings, obtain an EIN from the IRS, and obtain a business license. Companies exist that can make these kinds of filings for you for a fee. You can go to our online guide at http://www.cityapplications.com/business-licenses.html to learn about how to get a business license in your city.
5. Qualify your Connecticut LLC to Do Business in Other States
You must find out if you need to register or qualify your LLC to do business in your home state if your main office is located out of state. In most states you will be required to qualify your LLC to do business and also pay taxes in your home state. You can go to [Qualifying to Do Business in Other States] to learn about how you can qualify your LLC to do business in other states.
6. Make Annual Filings and Pay Annual Taxes in Connecticut
You must file an annual report in Connecticut if you have a registered LLC. You will be able to file this report online at Connecticut LLC. The filing fee is $20.00. You must also file a tax report and pay taxes annually if you have a registered LLC in Connecticut. You can go to the official website of the Connecticut Department of Revenue at Connecticut LLC to learn about the taxes that may apply to your company and download tax forms.
Forming an LLC can be a fairly complicated process, especially when there is more than one person involved. An accountant and an attorney can help you during this process so that you can be confident that an LLC is right for you and that all your paperwork is being processed correctly.
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This site is for informational purposes only and does not constitute legal, financial or tax advise. The information on this site should not be relied upon as an official source of information and should be independently verified.