A Connecticut LLC operating agreement can make your business opening process more accessible and provide legal protections. The document is essential for laying out your new company’s rules and regulations, establishing member rights and duties, and establishing legal credibility.
No, an LLC operating agreement is not required in Connecticut. However, that’s not to say that you shouldn’t make one.
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Outlines how a sole owner manages and operates their limited liability company.
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Designed for entities entering into a partnership with multiple contributing members.
There are a few fundamental state laws surrounding LLC operating agreements, outlined in Chapter 613a, Uniform Limited Liability Company Act:
Setting up a limited liability company in Connecticut requires:
The first step toward forming a limited liability company in Connecticut is downloading applications from the Connecticut Secretary of State website. You can download these on your computer and fill them out.
There are two different types of applications that you can choose from. One is a domestic application, and the other is a foreign one. You’ll need to select the type of LLC you’re forming before completing the documents.
Once you’ve finished filling out your application, you must pay to open it. The filing fee can be paid via mail or hand delivery to the Connecticut Secretary of State. Whichever way you choose, include the application with your payment.
Your limited liability company is ready to hit the ground running once you’ve filed your application and paid any necessary fees. At this point, writing up your operating agreement is a good idea. Your document must describe how your business plans to manage and run its operations.
The last step of the process is to get an Employer Identification Number, also known as an EIN. This is necessary for your business to perform financial transactions, hire employees, apply for loans, and open bank accounts.
The EIN is also necessary for tax purposes. The IRS uses it to track your business transactions and ensure you’re not overpaying your taxes.
Download the template below to start writing your Connecticut LLC operating agreement.
Start building your ConnecticutLLC operating agreement today!
