To establish a limited liability company in the State of Connecticut, you must file an application with the Secretary of State called "Form LLC." An LLC can be utilized to run a corporation, or a limited liability company can merely be utilized to maintain assets (like cars, houses, planes, or boats). How to register an LLC in Connecticut: Search your Connecticut Llc name on the internet. Then choose who will be your LLC's Connecticut registered agent. Pay the yearly state registration fee and file your LLC certificate of organization. Print and file your Operating Agreement and Memorandum of Association.
In the context of incorporating a limited liability company in Connecticut, an "irmatively qualified" business plan is required. To this end, it is advisable to seek legal counsel from a Certified Public Accountant who can assist you to create an operating agreement, change ownership of the LLC, and obtain the necessary paperwork to incorporate your business. One of the benefits of incorporating an LLC is that it provides an easy means to restrict personal liability. As a result, many entrepreneurs elect to incorporate an LLC rather than incorporate as a sole proprietorship, which exposes them to lawsuits arising from the personal actions of their individual owners.
To further facilitate your limited liability company, you will need to obtain business licenses in Connecticut. If your business sells products or services outside of the state, you will also need a sales tax identification number, or STIC. A seller's permit may also be required. It's important to understand the types of permits each city in Connecticut requires for businesses that sell products or services outside of the state. Although some cities and towns do not require a sales tax, all cities and towns in Connecticut do.
Incorporation of a Limited Liability Company in Connecticut
Once you have obtained all of these necessities, you may need to register your new company with the Connecticut Secretary of State. To register your business, you must include the name of your LLC, the LLC's address, and your LLC's date of dissolution. You will also need to include all of your LLC's members' names and their addresses. This information must be submitted to the secretary within three months after the date of your incorporation.
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The next step to incorporating your LLC is to select a registered agent. In order to do so, you must first file a list of the LLC's members with the Connecticut Secretary of State. One of the advantages of incorporating your LLC is that it does not create a separate legal entity. Each member's name represents only one half of a corporation, therefore, each member's address is just that: his or her own address. The registered agent is typically a local attorney or agent who resides in the area where the business is operated. Additionally, the registered agent does not have to recuse himself or herself from the business or its affairs, nor will he or she be held personally liable for the activities of the LLC.
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One important requirement of incorporating an LLC in Connecticut is that you must prepare and maintain a written Operating Agreement. The Operating Agreement will cover various aspects of your LLC, including the management and operation of the LLC, the relationship between the LLC and its members (who are also called the LLC members), the transfer of LLC assets and liabilities, the payment of fees, and other important points. A complete and accurate operating agreement must be filed with the court filing fees prepaid and is required to be filed with the state as well as with the Secretary of State upon the filing of your initial notice of intent to register your business. Once the state has received and filed your operating agreement, all of the other documents relating to your LLC must be submitted along with the Operating Agreement. The filing fee for an LLC is $100. Therefore, if you have only one member, the filing fee will be significantly reduced.
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One other requirement of incorporating an LLC in Connecticut is that you must employ a registered agent. Unless you use your home as the registered agent, then it is recommended that you use a registered office located in Connecticut. A registered agent serves as the legal representative of the LLC and is responsible for receiving any notices and communications from the court, reporting to the court on behalf of the LLC, and otherwise acting in behalf of the LLC. It is important to remember that the registered agent cannot act as the sole agent of the LLC, and he or she may not allow anyone to have authority to make any decisions or execute any of the business dealings of the LLC.
If at any point during the process you become disinterested in the management of your business entity or become seriously ill, then it is extremely difficult to change the status of your LLC. Therefore, in order to avoid these complications, you must make sure that you employ a licensed professional to help you incorporate your new LLC. The above information should help you better understand the ins and outs of incorporating an LLC.
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