Approval Process and Timeframes
Your Connecticut LLC approval time can typically take 7-10 business days when processed via mail, but this can extend to 3-5 weeks. However, online filing approvals can be expedited, allowing the process to take merely 2-3 days since there is no transit time involved.
Connecticut has one expedited LLC option: 24-hour processing for an additional $50. If you opt for expedited mail filing, you may send your documents by overnight delivery. Remember, expedited fees are on top of the standard LLC filing fee.
Starting an LLC Without an Attorney
You do not need an attorney to form an LLC. Most states, including Connecticut, permit LLC formation by registering online and with the IRS. The money from the LLC is distributed to the owners, who then report it as income on their tax returns.
Registration Requirements
State Business License
A CT business license is mandatory if your company plans to do business in the state. You will need to file the Certificate of Organization with the Secretary of State, which normally takes 3 to 5 days, though this process can also be expedited.
Management and Control
Many LLC owners prefer a member-managed structure to maintain control and direct involvement in their business, as opposed to corporations that might have oversight boards dictating company decisions.
Business Name and Tax ID
You can reserve a business name through the Secretary of State. Remember, a Connecticut LLC formation remains effective indefinitely unless it is dissolved. To apply for a Tax ID, you may contact the IRS by phone, mail, or fax. The state also assigns a unique 7-digit “Business ID” number to each business entity.
Starting a Connecticut LLC: A Step-by-Step Guide
To establish a Connecticut LLC, follow these steps:
- Name your LLC
- Hire a resident agent
- File formation documents
- Create an operating agreement
- Obtain an EIN (Employer Identification Number)
Additional Notes
Every LLC in Connecticut requires a registered agent who is at least 18 years old, lives in Connecticut, and is available to handle legal documents on behalf of the company. Depending on the nature of your business, you may need additional permits and licenses, which are separate from the business formation process.
Remember, this guide is reflective of the most current information, including processing delays as of 2024. For additional support, our comprehensive guide to starting a business in Connecticut provides a checklist of necessary steps to establish a strong and successful business foundation.