When starting a business in Connecticut, first name your Corporation. Aside from creating a unique name, you must include state-specific keywords for your Corporation.
Include any of the following words, whichever fits with the name you have selected: Incorporated, Company, Corporation, Limited, or Society per Azioni. Then again, you can use any of the previous words’ abbreviation such as: Inc., Co., Corp., Ltd., or S.p.A.
Once you nail down a name, validate its availability using the Connecticut business name search engine. To reserve your chosen business name, fill out an Application for Reservation of Name form to be filed online at the Secretary of State website. A validity reservation period of 120 days is effective for a fee of $60.
You legally become a Connecticut Corporation as soon as you file a Certificate of Incorporation. The first step to filing a Corporation in Connecticut is to obtain a copy of the Certificate of Incorporation form.
Basic information pertaining to your business is required when you’re incorporating. Double check to ensure all submitted information is accurate. File the form through online application.
Filing fee: $250
A Connecticut Registered Agent is an individual or service that receives legal documents on behalf of your business. In the state of Connecticut, a Corporation is not allowed to be its own Registered Agent. You must hire someone outside of your business.
Your Registered Agent must be a Connecticut resident. Additionally, the Registered Agent should have a street address. A PO Box does not qualify as an address.
You can hire a Registered Agent service and pay up to $160/year, or get an Alabama Registered Agent free of charge when you form your Corporation with IncFile.
A Corporate Records Book is a folder where all legal documentations, forms, and paperwork relating to your Corporation are kept. You may include your Connecticut Corporation registration documents, completed forms of permits and licenses, tax obligations, and more.
A Corporate Records Book can be bought at any office supply store or may be delivered to your doorstep through Amazon.
To assist in making corporate decisions during the first year of operation, you must select an initial Board of Directions for your corporation.
When forming a Corporation in Connecticut, at least three directors are required. Once you have selected your directors, create an Incorporator’s Statement containing the complete name and address of each member of your board of directors.
Once you have selected your Board of Directors, prepare for your initial meeting. During this meeting, the following items must be discussed, agreed upon and implemented:
Note: Should your Corporation have an S status, discuss and approve it with your board of directors. Have all board members review and sign meeting minutes at the conclusion of your meeting.
Remaining compliant as you manage business licenses and taxes is a legal priority. To manage your requirements for Connecticut business taxes, follow these three steps.
Comply with all requirements related to business licenses and regulations in order to operate legally. This also ensures your Connecticut Corporation maintenance requirements are also met to continue operating legally. Fulfill your business license obligations using our Connecticut Business Licenses and Regulations Guide.
As a new business owner, you must keep your business and personal finances separate by opening a separate bank account. This keeps your finances simple and separate in the eyes of the law.
Opening a business account can help you keep your finances on track. You should monitor your financial ins and outs, putting your profits and assets where they belong.
There are many options available, from Bank of America to Chase. For a quick outline of the best place to open a business bank account, see this quick review.
Congratulations! You have followed the steps above and are officially a Connecticut Corporation. In addition to the 8 requirements we have discussed that are based upon state guidelines, we have included a few additional steps to help you run a successful business. These are based upon best practice and are not required, but are highly recommended.
A business plan gives you a better grasp on how you can push your Corporation towards progress and success.
A business plan is the guiding light of your business. It is equally as important as any required document in forming a Corporation. Write a business plan now using the resources below.
The next step when starting a Connecticut Corporation is to build a website. This will give you added credibility and help future customers find out more about your products or services.
WordPress can help you get started without hiring an expensive web designer or building everything from scratch. Best of all, you don’t need tech skills to build a professional looking website! Work through the entire process with this step-by-step guide.
Connecticut Corporation bylaws are by no means a legal requirement when starting a Corporation in the state, however it is a best practice observed by almost all businesses.
As a startup entrepreneur, you should make one for your business. Your Corporation bylaws govern the ground rules for business operations.
As expected, this guide on how to form a Corporation in Connecticut is just an informational article and is not in any way legal advice. Only a lawyer is entitled to give you legal advice on the details of forming a Corporation in Connecticut or starting a brand new business.