First, make sure the name you want for your corporation isn’t already taken, too similar to another, and doesn’t contain any restricted wording. Conduct a Business Entity Search through the state and then if there may be trademark issues use the TESS System through the U.S. Patent Office to check.
Keep in mind your brand name should contain the words ‘Corporation,’ ‘Company,’ ‘Incorporated,’ or ‘Limited.” Abbreviations for these words are also acceptable. If needed, file an Application for Reservation of Name which can be mailed to the Secretary of State to reserve your business name for 120 days.
Filing Fee: $60
A Registered Agent is anyone who resides in the state, or a recognized/registered business entity with a physical street address. This includes you and anyone else within your organization. However, as this person will be responsible for receiving and helping to handle all legal documents on your behalf (court documents, legal notices, state filings, tax forms, etc.), you want them to be serious about this role.
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
Think of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc. It’s the ultimate company binder! They’re very common and while not necessary having one is highly recommended for all serious business entities.
Appoint at least 1 director who among other things will oversee the Connecticut corporation until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:
Ideally, during your first shareholder meeting you spent some serious time going over where to bank and set up your corporation’s financial foundation. With so many different banks (local, state, national) with tons of different fee structures, incentives, kickbacks, and other business services this shouldn’t be taken lightly.
The other issue is to make sure corporate accounts aren’t connected or mixed with any accounts of any other kinds. It should be a dedicated and separate account for easy financial tracking and tax purposes synced with your accounting software.
As a legally operating CT corporation, you’re required to be 100% compliant with all relevant local/state/federal agencies. Ideally you should have an attorney or be sure to do plenty of research. Here are four resources to get started:
Unlike other types of businesses, corporations tend to need funding pretty earlier on which is why “funding-ready” plans are much more prevalent. What this means is that the basics are clearly refined and set down in a nice presentable plan ready to show investors, VCs, lending institutions, etc.
From marketing and budgeting, to competitive analysis and financial forecasts, these folks want to be able to quickly assess the core fundamentals of your brand to decide whether it’s a solid worthwhile investment or not. To learn more check out the links below.
QUICK LINKS TO BUSINESS PLANNING
Not every business needs to make digital marketing the cornerstone of their growth strategy, or even put much emphasis into building a digital presence…but a website is necessary nonetheless. What will potential customers and stakeholders find when they search for your brand online to see what it’s about and what people might be saying?
Note that this article on how to form a corporation in Connecticut isn’t a legal document or legal advice. It’s for informational purposes and the information above is subject to change. For specific legal questions regarding how to form a corporation in Connecticut or business in general, please consult with a lawyer or other accredited professional.