Welcome to the “Constitution State,” also known as Connecticut! Connecticut is one of the original 13 colonies and was initially a very agricultural community. However, in the mid-19th century, the textile industry and machine manufacturing industry boomed in the state.
Since then, entrepreneurs have flocked to start a business in Connecticut due to its close proximity to major cities like Boston and New York City, educated workforce, and a high per capita income held by residents, which means big business for small business. You can even explore business formation data throughout the state covering a nearly 40 year timespan thanks to information pulled by the Connecticut Data Collaborative!
If the Provisions State feels like your kinda place, here’s what you need to consider while going through the incorporating process.
1. Connecticut’s Secretary of State offers forms for each entity type including LLCs, Corporations, LLPs, and Partnerships. Choose between domestic and foreign options and review even more documents that include certificates of organization, change of business address, certificate of dissolution, change of agent, and more.
2. Once you’ve decided on the appropriate structure for your business then you can apply for a tax registration number through Connecticut’s Department of Revenue Services.
3. You will also need to file articles of organization if you are filing as an LLC and if you are filing as a Corporation, you need to file a certificate of incorporation. The filing fee for an LLC is $120 and the fee for a Corporation is $250 and payments are made to the Connecticut Secretary of State.
4. Need a certificate of good standing? Also referred to as a certificate of legal existence, this document verifies that your business entity is registered and is in compliance with the Connecticut Secretary of State’s filing obligations.
5. Need a little extra help starting a small business in Connecticut? There’s an online tool for that! The Business Startup Tool, created by the Connecticut Secretary of State, helps guide you through the steps of starting up from applying for an EIN to determining which licenses and permits you’ll need in order to operate.
If you are still interested in starting a small business in the State of Connecticut make sure to browse through the Secretary of State’s Business Services site as well as the Department of Revenue Services for all your frequently asked questions. You can also follow the Connecticut Secretary of State on Facebook and Twitter for all the latest updates.
Thinking about starting a small business in Connecticut? Give us a call at 1(877) 692-6772 or visit us at mycorporation.com if you have any questions about forming a business or the regulations required.
Welcome back to the 50 States of Incorporation, Rebooted where we share what it takes to start a business in each of the 50 states. Join us biweekly for advice on how to start an LLC or corporation across the United States.