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Guide to Forming a Limited Liability Company in Connecticut

If you are thinking of starting up a business, you should consider registering your business as a limited liability company. An LLC is a simple business structure. It is also quite flexible and will offer you a number of benefits. Even if you already have a sole proprietorship or have been working in a general partnership, you can still form a limited liability company.

Reasons why you should form an LLC

Forming your business as a CT LLC will allow you to enjoy benefits such as:

  • As an owner of a limited liability company, you will enjoy limited liability protection and reduce your personal liability for the debts of the business.
  • LLC’s do not pay taxes at the business level. Taxes that are due are paid on an individual level.
  • When you form an LLC, you increase your credibility with potential customers since it shows you have a formal commitment to your business.
  • The best thing about forming a CT LLC is the few state-imposed requirements and ongoing formalities to running the business.

Forming an LLC

There are generally five steps involved in forming a limited liability company including:

  • You need to choose a name for your LLC following the naming guidelines (ensuring that the entire name contains the words ‘Limited Liability Company’ or “LLC”). We will conduct the diligence to ensure that restricted words requested are not prohibited words.
  • After determining that a name is available in Connecticut, LLC Express will appoint you as the Registered Agent who will officially receive and send legal notices. There is no annual fee for serving as the Registered Agent.
  • LLC Express Service costs $375 (plus Connecticut filing fees). The cost of preparing the LLC Operating Agreement is included in the LLC Express costs. You may want to create a more detailed Operating Agreement that outlines the ownership of your business and its operating procedures. This is the document that will allow you to establish a system that is suitable to your business. This Operating Agreement is not a requirement but it is good practice for your business to have one.
  • You will need to pay $120 non-refundable filing fee to the state to form the LLC.
  • Once you are done with the above, you will need to get a Federal Employer Identification Number (FEIN) and a Connecticut Tax Registration Number. If you would like us to obtain those numbers for you, the additional cost is $50 plus, if your business is subject to the Connecticut Sales Tax, a filing fee payable to the CT Department of Revenue Services (DRS) in the amount of $100.

Please Contact Us today to use the LLC Express service.

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