If you already have an LLC in another state and want an LLC in CT, then how to start an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Connecticut.
On this page, you’ll learn about the following:
- Forming an Connecticut Foreign LLC
- Steps to Filing Connecticut Foreign LLC Online
- After Forming Connecticut Foreign LLC
Forming an Connecticut Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Connecticut, you need to register it with the Connecticut Secretary of State.
Step 1: Choose Connecticut Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Connecticut Secretary of State. Your LLC’s legal name outside of Connecticut will be listed on the application, along with the name it will use in Connecticut. Take note of the requirements for naming your LLC.
Step 2: Select Connecticut Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Connecticut and take note that a Connecticut registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Connecticut Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form via email to [email protected] or by mail to Business Services Division Connecticut Secretary of the State P.O. Box 150470 Hartford, CT 06115-0470
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Connecticut
- Date when your LLC will start operations in Connecticut.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Connecticut, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Connecticut Foreign LLC is taxed
Foreign LLCs are also subjected to the Connecticut Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Connecticut Foreign LLC Online
Time needed: 5 minutes
When you are registering for the foreign LLC in this particular State, you will have to submit your Application for Registration of foreign LLC with the Secretary of State which costs $120. Expedited processing of your application costs an additional $50. After approval, you will receive a Verification Certificate from the State Office. We have explained the aspects you need to cover when you apply for Connecticut Foreign LLC.
Visit the Connecticut State website to learn about the updated forms and fees requirements for a Connecticut Foreign LLC.
- Sign up with Connecticut Business Online Service Official Site
To register a foreign LLC in Connecticut online, one needs to sign-up with the Connecticut Business Online Service Official Site. Visit the New Business Filing System of the Secretary of State of Connecticut to start the process.
- Go to business.ct.gov
On the opening page, you will get the Online Business Service details. Click on the business.ct.gov link available on the given page to proceed with the registration.
- Choose Business Filing
On the next page, a bunch of options will be available. As you are willing to file a foreign LLC, choose the Business Filing option to start with. Click on All Business Services and then on “All Business Filings.”
- Click Register Now
On the Business Service page, you will get options to register/file business, tax, UCC Lien, Change Business Name, Close your business, and so on. As you are leading to start your foreign LLC, click on “Register Now” under the option “Register Your Business.”
Now, to file the foreign LLC in Connecticut online, one has to register with the Connecticut Business website first. If you are already registered with the website, then you need to log in using the correct credentials. If you don’t have an existing account then create your account on ct.gov by clicking on “Sign-up now.”
- Type-in complete details
Fill in the details on the registration page, such as your First and Last name, username, email address, mobile number, and preferred language.
- Continue to file an application
After registering your account with the Secretary of State of Connecticut, proceed to file an application for registration of your foreign LLC with the State office.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Connecticut.
After Forming Connecticut Foreign LLC
Here are added things you need to accomplish after forming your Connecticut Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
How Much Does It Cost to Register a Foreign LLC in Connecticut
To register as a foreign LLC in Connecticut, you can file through mail, in-person online by paying a filing amount of $120 to the Connecticut Secretary of State.
First and foremost, one must consider the filing fees associated with registering a foreign LLC in Connecticut. This fee primarily covers the administrative costs incurred by the state government for processing and maintaining LLC files. The exact amount varies depending on various criteria, including the state’s legislation, the type of business entity, and the registration method (e-filing or paper filing) chosen by the applicant. While the fee may not be exorbitant, as it usually falls within a reasonable range, it can differ depending on these aforementioned factors.
Furthermore, businesses seeking to establish a foreign LLC in Connecticut must also factor in additional expenses. Legal fees are often incurred when hiring an attorney to guide the registration process, ensuring compliance with state regulations and handling any potential complexities that may arise. Navigating legalities can be challenging without professional assistance, and while these fees may add an extra financial burden, they are essential to ensure a smooth and legal operation.
Another consideration when it comes to cost is whether you require a registered agent. A registered agent is a person or an entity designated to receive legal papers and official documents on behalf of the business. Connecticut state law mandates that all corporations and foreign LLCs appoint a registered agent with a physical address in the state. While a business owner can function as their own registered agent, they can also avail the services of a professional registered agent that comes at an additional cost. This extra expense ensures that all crucial documents are handled appropriately and promptly, deceasing the burden on the owner and ensuring legal compliance.
It is worth mentioning that the costs discussed so far are only related to the initial setup and registration of a foreign LLC in Connecticut. Once the registration process is complete, there are other financial obligations that business owners should be aware of. Annual report fees, franchise tax obligations, and other recurring expenses may all need to be factored into the budget, not to mention the operational costs of running an active business.
Therefore, accurately estimating how much it costs to register a foreign LLC in Connecticut is no easy feat. With numerous variables such as filing fees, legal risks, and ongoing financial obligations, discerning an exact figure can prove elusive. Any entrepreneur considering Connecticut as a prospective location for their business must dedicate time and effort to in-depth research, consult professionals, and thoroughly understand various monetary aspects before they can formulate an accurate projected budget.
In conclusion, the expenses involved in establishing and operating a foreign LLC in Connecticut can vary significantly depending on a multitude of factors. Being aware of the possible costs involved, both in the registration process and subsequent operational requirements, is vital for any entrepreneur considering this path. By diligently researching and seeking professional advice, business owners will be better equipped to make informed financial decisions and successfully expand their operations in the state of Connecticut.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Connecticut.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Connecticut as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Connecticut does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.