This Professional Limited Liability Company - PLLC Formation Package state-specific form must be filed with the appropriate state agency in compliance with state law in order to create a new Professional Limited Liability Company. The form contains basic information concerning the PLLC, normally including the PLLC's name, purpose and duration of the PLLC, the registered address, registered agent, and related information.
Limited liability company Connecticut formation involves the process of establishing a business entity that has limited liability protection for its owners, known as members. This type of business structure is governed by the laws of the state of Connecticut, United States. The Connecticut Limited Liability Company (LLC) formation process requires individuals or entities to file specific documents and meet certain requirements. By forming an LLC, business owners can separate their personal assets from the company's liabilities, protecting their personal wealth in case of any legal disputes or debts incurred by the business. There are different types of limited liability company Connecticut formations, including: 1. Member-Managed LCS: In this type of LLC, all members actively participate in the day-to-day operations and decision-making processes. Each member of the LLC has the authority to bind the company in contracts and agreements. 2. Manager-Managed LCS: In a manager-managed LLC, the members appoint one or more managers to handle the business operations and decision-making. Members who are not managers have limited authority and primarily function as investors. 3. Single-Member LCS: A single-member LLC consists of only one owner who has complete control over the business and its operations. While forming a single-member LLC is allowed in Connecticut, it is essential to note that the limited liability protection could be disregarded if the owner does not maintain a clear separation between personal and business affairs. To form a limited liability company in Connecticut, the following steps need to be followed: 1. Choose a Name: Select a unique and distinguishable name for the LLC, making sure it ends with a suitable designator such as "Limited Liability Company," "LLC," or "L.L.C." 2. File Articles of Organization: Prepare and file the necessary formation documents, known as Articles of Organization, with the Connecticut Secretary of State. These documents typically include the LLC's name, registered agent, purpose, duration, and management type. 3. Appoint a Registered Agent: Designate a registered agent who will receive legal and official documents on behalf of the LLC and maintain a registered office within the state. 4. Operating Agreement: Although not required, drafting an operating agreement is highly recommended. This agreement outlines the financial and operational rights, responsibilities, and obligations of LLC members while helping to establish the internal structure and decision-making processes. 5. Obtain Required Permits and Licenses: Depending on the nature of the business, certain permits, licenses, or registrations may be necessary at the federal, state, or local levels. 6. Comply with Ongoing Requirements: Once the LLC is formed, it must comply with ongoing requirements, such as filing annual reports, paying business taxes, and maintaining up-to-date records with the Connecticut Secretary of State. In conclusion, Limited liability company Connecticut formation enables entrepreneurs and businesses to establish a legal entity that offers limited liability protection while providing flexibility in management and operations. Understanding the various types of LLC formations and following the necessary steps ensures a smooth and compliant formation process within the state of Connecticut.
