In the heart of New England, nestled between the major hubs of New York and Boston, Connecticut may seem like a quiet enclave away from the booming sectors of commerce. In truth, however, Connecticut is home to many flourishing businesses, from small operations to major corporations. If you are a Connecticut local and interested in starting your own business, you could certainly do worse than staying in your home state. If you would like to complete and process a Connecticut corporation form to get your business up and running, we can help. At Corporation Center, we also have easy-to-fill online forms to start an LLC in Connecticut or form a limited liability partnership (LLC).
How to Complete a Connecticut Corporation Form
Starting your own business takes a lot of hard work. If you have reached the point in your life where you are ready to use your years of professional experience to launch your own enterprise, you should be prepared for long hours and a lot of planning. At the outset, you will need to put together a business plan that clearly identifies the product or service you are offering, while also narrowing in on your consumer or client base. From there, you will want to locate office space or a retail location so that you can begin setting up shop. Of course, as any business owner will tell you, hiring employees is one of the most difficult tasks you will have, and you will want to approach that process with a lot of thought and deliberation.
This can also be a good time to think about how you want to legally structure your business. For some, a limited liability company or a limited liability partnership is the most logical choice. These structures are relatively easy to create and require little in the way of maintenance. Other businesses have different challenges and goals, however, and if you are looking to facilitate continued growth, you may want to consider completing a Connecticut corporation form. Hiring more employees, opening a new location, creating a multifaceted marketing strategy–these things all cost money, and with a corporation, you will be able to effectively raise outside investment. This is because a corporation allows you to issue stock, which can be converted into cash for your business. While this is one draw to the corporate structure, you should know that corporations face more regulations and management rules than, say, an LLC or general partnership.
To incorporate your business in Connecticut, there is a process that you will need to complete. First, you will need to choose a name for your business. Per Connecticut state law, your business’s name must be wholly distinguishable from other incorporated businesses in the state. Next, you will need to choose a registered agent. Sometimes filled by in-house legal counsel, the role of this individual is to receive all tax, government, and legal correspondence on behalf of your organization.
Next, you will need to do some paperwork. To complete your certificate of incorporation with the Connecticut Secretary of State, you can use our simplified web forms. You will need some basic information about your business, its incorporators, and your registered agent. You will also need to state how many shares you plan to issue.
Learn How to Form an LLC in Connecticut
A limited liability company is its own legal entity. When you create an LLC in Connecticut, you and the other members are able to enjoy limited liability protection. This means that in the event your business faces costly lawsuits or goes bankrupt, you and the other members will be able to shield your personal assets. As this can greatly mitigate some of the risks inherent to entrepreneurship, LLCs are very popular among business owners. LLCs also receive pass-through status with the Internal Revenue Service (IRS), meaning profits are not taxed until they “pass-through” to the members of the LLC.
If you would like to receive the benefits of forming an LLC in Connecticut, you can use our online forms to get started. Just like with the process of incorporation, you will need to choose a unique name and designate a registered agent for your LLC. From there, you can use our web template to create your articles of organization with just a few clicks.
Web Forms for LLPs and More!
If your business is made up of licensed professionals–e.g., doctors, lawyers, accountants, etc.–you may wish to consider setting up a limited liability partnership. An LLP is pretty similar to an LLC, though with the distinction that a negligent partner can be found liable in a civil suit. In other words, if one doctor commits malpractice, they can be found liable without sinking the entire business. If this sounds like the right structure for your firm, we can help you process your articles of organization online. To learn more, visit our Frequently Asked Questions page, or contact us by phone or email today.