How To Get An LLC In Connecticut
How To Get An LLC In Connecticut
A limited liability company (LLC) is a business structure that offers its owners limited liability protection and pass-through taxation. This means that the owners of an LLC are not personally liable for the debts and liabilities of the business, and the business’s income is taxed on the owners’ personal tax returns.
This can be done yourself by visiting the Connecticut Secretary of State website by following the LINK and following the steps listed below. You can also get an LLC in Connecticut by contacting our Business Formation Specialists at Business🚀Rocket for assistance. The team at Business Rocket has the knowledge and experience to file the documents on your behalf so you get the most benefits from whatever business structure you select.
Starting an LLC in Connecticut is relatively easy and can be done by following these steps:
- Choose a name for your LLC.
- File Articles of Organization with the Connecticut Secretary of State.
- Choose a registered agent.
- Obtain a business license.
- Get an Employer Identification Number (EIN).
- Open a business bank account.
- File taxes.
Choose a name for your LLC
Your LLC’s name must be unique and not already in use by another business in Connecticut. You can search for available names using the Connecticut Secretary of State’s business name database.
File Articles of Organization with the Connecticut Secretary of State
The Articles of Organization is the document that officially creates your LLC. You can file your Articles of Organization online or by mail. The filing fee is $120.
Choose a registered agent
A registered agent is a person or business that is responsible for receiving legal documents on behalf of your LLC. You must have a registered agent who is a resident of Connecticut.
Obtain a business license
Most businesses in Connecticut are required to obtain a business license. You can apply for a business license from your local city or town hall.
Get an Employer Identification Number (EIN)
If your LLC has employees, you will need to obtain an EIN from the Internal Revenue Service (IRS). An EIN is a nine-digit number that is used to identify your business for tax purposes.
Open a business bank account
It is a good idea to open a separate business bank account for your LLC. This will help to keep your personal and business finances separate.
File taxes
LLCs are required to file taxes with the Connecticut Department of Revenue Services. The type of taxes that your LLC will need to file will depend on your business’s income and activities.
Benefits of Forming an LLC in Connecticut
There are many benefits to forming an LLC in Connecticut, including:
- Limited liability protection: As mentioned above, LLC owners are not personally liable for the debts and liabilities of the business. This means that if the business is sued, the owners’ personal assets are not at risk.
- Pass-through taxation: The income of an LLC is taxed on the owners’ personal tax returns. This can save the owners money on taxes, as they can deduct business expenses from their personal income.
- Flexibility: LLCs are very flexible business structures. The owners can choose how to manage the business and how to distribute profits.
- Simplicity: The formation and operation of an LLC is relatively simple. This can save the owners time and money.
Conclusion
Forming an LLC in Connecticut is a great way to protect your personal assets, save money on taxes, and enjoy the flexibility and simplicity of an LLC business structure. If you are considering starting a business, I encourage you to consider forming an LLC.
Call to action
If you are ready to start the process of forming an LLC in Connecticut, I recommend that you contact a qualified business attorney. An attorney can help you choose the right business structure for your needs and ensure that your LLC is formed correctly.
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