Form an LLC in Connecticut with Inc Authority for Free

Your first order of business when forming an LLC in Connecticut is to select a unique, memorable, and relevant business name. It should follow Connecticut LLC naming guidelines, so make sure you find out the requirements.

To check whether your chosen name is available for use within the state, you can check the state database. If any other business is using the same name, you will need to find another name for your new LLC in Connecticut.

Sometimes, it may take you months before you’re ready to file your LLC application and get your business started. In such cases, if you have a particular business name in mind, it’s better to get it reserved so no one else can use it.

In Connecticut, you can reserve your business name for 120 days, by filing a $60 state filing fee. Apart from that, you should also consider choosing and buying a matching domain if you plan on launching a website for your business.

When filing your Certificate of Organization, you will be required to fill out the name, address, and contact information of your registered agent. That’s why it’s a good idea to hire a local agent before you start the application process.

The registered agent can be an individual (over 18 years of age) or an organization with a physical address in the state of Connecticut. The resident agent for the service of process will receive and forward your business correspondence.

Though it’s not necessitated by the state of Connecticut, it’s still a good practice to draft a written LLC operating agreement. This will ensure that your business will have clear rules on how it should be governed and decisions are taken.

An LLC operating agreement is prepared after all LLC owners discuss and agree upon a set of rules and codes of conduct. Having a written operating agreement ensures that there’s no conflict and that the LLC operates smoothly.

The most important step when forming an LLC is to submit your Articles of Organization to the Secretary of State. This document is called the Certificate of Organization in Connecticut and costs $120 to file and submit.

Connecticut offers an online document filing option, which saves time and effort. You simply need to fill out the required information and submit it. This includes all important details about your business and resident agent.

An EIN is the identification number of a business through which the Internal Revenue Service and the government recognize it. It’s like the social security number of an individual, which distinguishes them from anyone else.

This is an important identification that every business should acquire. It will help you with various other business processes, such as opening a business bank account, paying business taxes or employee taxes, and much more.

Every business, whether it’s a Sole Proprietorship or a Corporation, should have a separate bank account. This ensures that the personal finances of the owners don’t mix with the business finances, which can be quite messy.

That’s why you should open a business bank account that can help you better manage your finances. Make sure you go through several options and choose one that suits your specific business needs and offers the best services.

When you file your Certificate of Organization, you will need to fill out your NAICS code. It’s a five-digit industry code that helps categorize your business. You will also need to find out the industry-specific business permits you’ll need.

That’s why you should find out your exact NAICS code and research the business licenses and permits you’ll need. These may also differ from state to state, so check for your state-specific requirements and get everything you need.

An LLC has the most tax flexibility of all business entities. It can choose to be taxed as a Sole Proprietorship, Partnership, S-Corporation, or C-Corporation. The choice depends on the number of members and their business preferences.

If you form a single-member LLC, it will be treated as a Sole Proprietorship by default. For a multi-member LLC, you can choose the pass-through taxation of a Partnership or choose to be taxed as a C-Corp and pay corporate taxes.

More often than not, the official name of an LLC is not the name that it uses for day-to-day business operations and not the name its customers know. Many LLCs opt for an assumed name or a fictitious name by filing for a DBA.

The reason for this is that many states require LLCs to add words like ‘Limited” or “LLC” to their names, which makes them long and not memorable. If you want a shorter LLC name, you can file for a DBA (doing business as).

In today’s digital world, every business needs an online presence and a website is the best way to do that. It is the face of your business and the first place a prospective customer will go to find more information about your business.

We recommend choosing a good partner for web design and marketing services and launching your website even before your business starts. This will build confidence and trust in your business and help people find your new business.

Your job is not done once you register your business and start operations. You need to follow the state’s rules and regulations to maintain your LLC status and stay in good standing with the state. Otherwise, you may face consequences.

The two most important requirements for doing that are paying your taxes on time and filing your annual report, along with the filing fee. Find out all other compliance requirements for an LLC in Connecticut and follow those.

Here’s what you’ll get with the free LLC formation plan:

• Business name search: You can use the search tool on its website to see if your chosen business name is available for use or taken by some other business.

• 1-year registered agent services: You will get free services from a local Connecticut registered agent for service of process for one year.

• Online document management: You can securely store your business documents online and easily access them from anywhere, anytime.

• Tax planning consultation: You’ll get a brief consultation with a tax specialist on how to realize the most tax advantages and maximum tax savings.

• LLC formation: This, of course, is the core service offered by Inc Authority where you’ll get access to experts who’ll prepare and file your LLC application.

• S-Corp election and filing: You can get the special tax status of an S-Corp by filing Form 2553, and Inc Authority’s team will help you with that.

• Business funding analysis: You will get advice from an expert on your future funding requirements and the best sources of funding for your business.

Price: Free

Here are the additional services you’ll get with the Starter plan:

• LLC operating agreement: If you’re a new entrepreneur who needs help preparing an operating agreement, Inc Authority’s team will help you.

• Employer Identification Number: You will need a Tax ID number for your business and Inc Authority’s team will assist you with the entire process.

• Corporate forms and documents package: This gives you access to numerous templates for creating various types of business documents.

• Compliance notifications: As part of this service, Inc Authority’s team will notify you of all upcoming deadlines and compliance requirements for your business.

• Detailed tax consultation: With the Starter plan, you will get a more detailed tax consultation with an expert on how to maximize your business tax savings.

• Web domain + 5 business email addresses: This plan also comes with website design services from an expert, along with business email addresses.

Price: Custom

This includes everything in the Starter plan plus:

• Customer success advisor: You’ll get a dedicated advisor who will guide you through the entire process of starting and running your business. You can ask them any questions on how to best use Inc Authority’s services. 

• Private banking expert: A banking specialist will be at your disposal and will assist you with your business banking needs. They’ll guide you on which accounts to open and also provide you with a list of the best banking options.

• Personalized business advisory: With Inc Authority’s top-tier plan, you get access to experts in various fields, from tax to business funding. You can seek consultation from them regarding all aspects of your business.

• Expedited preparation & filing: Lastly, the biggest benefit of choosing this plan is that your application gets the highest priority. Inc Authority’s team will prepare, review, and process your application within the same day.

If you want more personalized services and access to experts who can guide you on your entrepreneurial journey, then this is the best plan for you. But if you’re only looking for essential LLC formation services then you can start with the free plan.

Price: Custom