How to Start a Corporation in Connecticut

Connecticut is home to approximately 532 corporations, with 29 listed on the Fortune 1000 list. Starting a corporation in Connecticut comes with many benefits. First, your corporation is recognized as a separate entity from its owners.

Therefore, owners have liability protection in regard to obligations and debts. Additionally, only the assets belonging to the corporation may be used to pay off creditors.

The following step-by-step guide will show you how to start a corporation in Connecticut.

1. Select a name for your corporation

Irrespective of what type of 베팅의민족 structure you choose, deciding on a name for your corporation is a pertinent step in the process.

General corporate name guidelines

Additionally, your corporation name must adhere to the Connecticut corporation naming guidelines below:

• Your Connecticut corporation name must not include words that could confuse your corporation with any government agency
• Your Connecticut corporation name must be significantly different or distinguishable from other 베팅의민족es registered in the state
• Your corporation’s 베팅의민족 name should not contain any language that implies that the corporation is formed or created for any other purpose other than what is permitted in the Articles of incorporation
• Your Connecticut corporation name must include the following abbreviations or words: Corp., Inc., CO, S.p.A, Ltd, corporation, company, Inc., Societa per Azioni, or limited

For additional corporation naming requirements, refer to the .

Trademark

If you want to keep other 베팅의민족 entities in the state from using your 베팅의민족 name, then you should register a trademark. It’s a straightforward process, and you can file an application online with the . However, you’ll want to refer to the Trademark Electronic Search System Database to ensure that no other 베팅의민족 entity is already making use of that specific 베팅의민족 name.

Entity name

Your Connecticut corporation’s entity name is the legal name of your 베팅의민족. This is the name that is included or stated on all your formation documents.

DBA (Doing-베팅의민족-as) name

Any 베팅의민족 entity in the state of Connecticut that decides to do 베팅의민족 under a different name other than the one stated on their tax returns will have to file for a DBA, which is a doing 베팅의민족 as name. In other words, you need to . Trade name certificates are filed with the town clerk in the town where you are doing 베팅의민족 and not with the Connecticut Secretary of State.

2. Nominate a registered agent

Every Connecticut corporation is required to nominate an agent for service of process in the state. A statutory or registered agent is an individual who agrees and consents to accept legal documentation on the corporation’s behalf.

Some of the requirements that a statutory agent must meet prior to being nominated include:

• The agent must be at least 18 years of age or older
• The agent must have a physical street address and not a P.O. Box address in the state of Connecticut
• The agent must maintain availability during 베팅의민족 hours
• The agent must consent to the appointment

In the case of small corporations or small 베팅의민족es, a director or officer is typically named as the corporation’s registered agent.

It is also possible to nominate a different agent at a later stage.

3. Appoint initial directors at the organizational meeting

An essential step in forming a corporation in Connecticut includes holding an organizational meeting and appointing a board of directors. The person who signs the articles or the incorporator is responsible for nominating initial corporate directors of the board. These directors will serve until the first annual meeting of shareholders.

Additionally, the incorporator needs to fill in and sign an incorporator statement that discloses the names and addresses of the initial directors. The statement does not need to be filed with the state of Connecticut; however, it must be kept in the corporation’s records book.

During the first organizational board meeting, directors are tasked with:

• Appointing corporate officers
• Selecting a corporate bank account
• Adopting bylaws
• Authorizing the issuance of shares of stock
• Deciding on the corporation’s financial year
• Approving a proper stock certificate form

The director’s actions should also be recorded in corporate minutes that are prepared by the incorporator or any of the directors on the board.

4. File Articles of Incorporation

In order to officially or legally form your corporation in Connecticut, you’ll need to file the Connecticut Certificate of Incorporation, often referred to as the Articles of Incorporation. The Certificate of Incorporation officially marks the creation of your 베팅의민족.

The Certificate of incorporation should include some basic information regarding your corporation, such as:

• The names and addresses of incorporators
• The number of shares the corporation is going to issue
• The name, physical address, and signature of the corporation’s registered agent
• The corporation’s name and physical address

Once you’ve compiled the Articles of Incorporation, you may go ahead and . Alternatively, feel free to and mail it to the following address:

베팅의민족 업카지노 Services Division
Connecticut Secretary of the State
PO Box 150470
Hartford, CT 06115-0470

5. Create and approve bylaws

A corporation’s bylaws do not need to be filed with the state. However, they function as a corporation’s internal management handbook and are essential to all Connecticut corporations. Bylaws essentially lay out the basic ground rules for running the company and ensure that all members of the corporation are clear about what is required.

Additionally, compiling bylaws for your Connecticut corporation will help you reveal to creditors, banks as well as the IRS that your corporation is indeed legitimate. Bylaws should be kept in the corporate records book for reference as and when needed.

6. Select a share structure

The distribution of the share capital is ultimately what determines the ownership structure of a corporation. Additionally, it also determines the rights attached to the shares thereto. For example, a corporation that issues one share of stock to the shareholder or stock owner means that it’s given the stock owner 100% of the corporation.

Additionally, shares may be structured into classes, with each class termed a share class and holding a different set of rights and privileges. In the state of Connecticut, you are allowed to indicate whether the corporation is going to issue more than one share class or series in your corporation’s Certificate of Incorporation.

7. Obtain an EIN

Every 베팅의민족 entity in the state of Connecticut, irrespective of 베팅의민족 type must have an Employer Identification Number. This is also referred to as an EIN or Federal Tax Identification Number. The EIN is assigned by the IRS to all 베팅의민족 entities and serves as a form of identification for 베팅의민족es in the state.

The EIN is useful in various instances such as:

• Hiring employees
• For federal and state tax purposes
• Opening up a 베팅의민족 bank account

There is no cost or fee involved in obtaining an EIN from the Internal Revenue Service. You may choose to apply for your EIN online or alternatively download the IRS Form SS-4 and submit it to the following address:

Internal Revenue Service
Cincinnati, OH 45999

8. File Connecticut state taxes

Connecticut corporations may be liable for the following state taxes:

• Corporate income tax: All corporations that register as a C corporation in Connecticut must pay corporate income tax, also referred to as corporation 베팅의민족 tax in the state.
• 베팅의민족 업카지노 entity tax: Depending on the nature of your 베팅의민족 or your 베팅의민족 structure, you may be liable for Connecticut 베팅의민족 entity tax.
• Connecticut employer tax: If you plan on hiring staff or having employees, then you need to withhold and pay employee income taxes to the Department of Revenue Services.
• Unemployment insurance tax: You may also need to register and pay state unemployment insurance taxes. All unemployment insurance taxes are handled through the Connecticut Department of Labor, and you can register for these taxes online with them.
• Sales and use tax: If you plan on selling goods or services to customers in Connecticut, then you need to collect and pay sales tax. You need to register with the Department of Revenue Services and then make periodic sales tax payments for goods sold.

9. Connecticut 베팅의민족 licenses and permits

You may need to obtain the following licenses and permits to legally conduct 베팅의민족 in the state of Connecticut:

• : All companies that intend on doing 베팅의민족 in the state of Connecticut must apply for the Connecticut 베팅의민족 license. This license is issued by the state. However, there are other 베팅의민족 licenses issued by the local and the federal government as well.
• : If you plan on engaging in sales, rental, or the lease of goods, then you need to obtain a sales and use tax permit from the Connecticut Department of Revenue Services.
• : In order to obtain a seller’s permit to resell goods or services, you must already be registered to collect sales tax in the state.

10. Annual report requirements in Connecticut

All Connecticut corporations are required to file an annual report. Annual report fees are set by statute; the fees vary based on the entity type. In order to file an annual report, log on to the .

11. Costs of starting a corporation in Connecticut

The filing fees below apply to all Connecticut corporations:

• : $60
• DBA name: $10
• Articles of Incorporation: $250
• Annual report: $150
• : $50

Next steps after forming a corporation

There are a few steps that you’ll need to complete after forming your new 베팅의민족 or C corp in Connecticut.

Open a 베팅의민족 bank account

With your EIN in hand, you can open a 베팅의민족 bank account. This means you can accept payments and checks in your 베팅의민족 name as it is considered a separate legal entity. It’s also a legal requirement to keep your personal and 베팅의민족 finances separate, as it protects your personal assets. It’s also a good idea to apply for a credit card for your 베팅의민족 as it will streamline your record-keeping for 베팅의민족 expenses and also help build a credit history for your corporation.

Keep your Connecticut corporation compliant

Depending on the type of corporation you’ve opted for, you may have personal liability protection. However, this does not mean that you don’t need to keep your 베팅의민족 in good standing. Failure to keep your 베팅의민족 in good standing means you could lose this liability protection. So ensure that you understand exactly what’s required to keep your corporation compliant each year. Filing annual reports with the state each year, keeping personal and 베팅의민족 finances separate, and keeping up with your 베팅의민족’s federal and state taxes are all required by Connecticut corporations.

FAQs

What is the best legal structure to register your 베팅의민족?

There are quite a few options when incorporating in the state of Connecticut. You may register your 베팅의민족 as a sole proprietorship, partnership, limited liability company, or corporation. Each of these options comes with a specific type of liability protection, financial benefits, and tax advantages.

What is the easiest corporation to start in Connecticut?

One of the easiest 베팅의민족 structures to register in the state of Connecticut is a sole proprietorship. This is because it is a simple legal structure to set up and with low costs involved for license fees and 베팅의민족 taxes.

Does my Connecticut corporation need to apply for professional and occupational licenses?

Professional and occupational licenses cover people who work in various fields. For additional information on whether your corporation needs this license, refer to the of the Department of Consumer Protection.

What should I do after forming my Connecticut corporation?

Once you’ve filed the relevant paperwork with the relevant government agencies, you still need to open a 베팅의민족 bank account, apply for 베팅의민족 insurance, and learn more about state reporting and tax requirements to keep your 베팅의민족 compliant.

What is Connecticut corporation double taxation?

When registering a C Corporation, every shareholder must report federal and state taxes due on the share of income received on their personal tax return. Additionally, federal and state taxes must be reported by C corporations on any revenue on the corporate tax return. This is known as double taxation.