Delete Pages From Legal Connecticut Startup For Sole Proprietorship Forms For Free

In Connecticut, you can establish a sole proprietorship without filing any legal documents with the Connecticut state government. Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name.

While starting a Sole Proprietorship is easy, the advantages end there. Sole Proprietorships offer no personal asset protection. If your business is sued, you're personally liable for the business debts and obligations. On the other hand, if you form an LLC, your personal assets are protected if your business is sued.

You can get an LLC in Connecticut in 2-3 business days if you file online (or 3-4 weeks if you file by mail). If you need your Connecticut LLC faster, you can pay for expedited processing.

It costs $120 to form an LLC in Connecticut. This is a fee paid for the Certificate of Organization. You'll file this form with the Connecticut Secretary of State. And once approved, your LLC will go into existence.

Connecticut LLC Cost. Connecticut's state fee for LLC formation is $120. Connecticut LLCs also need to file an annual report every year, which costs $80. Depending on your industry and business needs, you might have additional expenses, such as licensing fees, business insurance, and registered agent fees.

Limited Liability: As an owner of a Connecticut LLC, you will be able to enjoy limited liability protection quite similar to what a corporation enjoys. No Minutes of meetings: Unlike a corporation, an LLC startup company in Connecticut will not be required to maintain any minutes of the meetings or resolutions.