How to Start a Business in Connecticut (Step by Step Guide)
Are you thinking about starting your own business in Connecticut? If so, you have come to the right place!
On this page, then you can find step by step DIY instructions on how to incorporate your business in Connecticut. From selecting the business entity type to forms to be filled, we have covered it all.
Let’s get Started
The first step in setting up your business is to select the business structure.
Broadly there are 4 types of business entities:
- Limited Liability Company (Most Popular)
- Corporation
- Sole Proprietorship
- Partnership
Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.
Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Connecticut.
Clicking on each step, opens up a detailed guide on how to complete it.
Agency Name | Connecticut Secretary of State – Business Services |
Form(s) to be filled | Certificate of Organization (FORM LC-1-1.0.) |
Mode | Mail or fax |
Name Reservation | Optional, Fee $60 (Mail) |
Filing Fee | $120 + Expedite fee: $50 (optional) |
Time | 1 week (Expedite option available) |
Law | C.G.S. §34-247 |
Summary:
- Search for business name availability on Connecticut SOS website
- File for Business name reservation
- Select Registered Agent
- Fill Certificate of Organization form (FORM LC-1-1.0.).
- Create an Operating Agreement
- Get Federal EIN Number
- Connecticut State Tax Registeration (Form REG-1)
- Obtain relevant business licenses and permits
- [Ongoing] File Annual Report (Fee: $20)
Agency Name | Connecticut Secretary of State – Business Services |
Form(s) to be filled | Certificate of Incorporation |
Mode | Mail or fax |
Name Reservation | Optional, Fee $60 (Mail) |
Filing Fee | $120 + Expedite fee: $50 (optional) |
Time | 1 week (Expedite option available) |
Law | Chapter 601 – Business Corporations |
Summary:
- Search for a Business Name
- File for Business Name Reservation
- Select Registered Agent
- Fill Certificate of Incorporation
- Prepare Corporate Bylaws
- Get Federal EIN Number
- Connecticut State Tax Registeration (Form REG-1)
- Obtain relevant business licenses and permits (ref)
- [Ongoing] File Annual Report (Fee: $20)
References:
https://www.cga.ct.gov/2017/pub/chap_613a.htm
Fact-checked on 24/07/2018