Connecticut Notice of Intent by Corporation

State:
Connecticut
Control #:
CT-04A-09
Format:
Word; 
Rich Text
Instant download

Description

With one exception, Connecticut law only allows original contractors, and subcontractors whose contract with the original contractor is in writing and has been assented to in writing by the other party to the original contract, to claim a mechanic's lien. However, other parties may claim a lien if they provide a written notice to the property owner after commencing to furnish materials or render services but not later than ninety (90) days after ceasing to furnish materials or render services. This notice must be given to the property owner. Also, if the original contractor has recorded an affidavit stating the contractor's name, business address, and including a property description, a copy of the Notice of Intent must be served on the original contractor as well.


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FAQ

Unlike a sole proprietorship, an LLC is a hybrid of the partnership and corporate forms that allows the liability protection of a corporation with the tax advantages of a partnership. An LLC is a separate business entity that is owned by investors known as members.

CT, or the Corporation Trust Company, is a wholly owned subsidiary of Wolters Kluwer, a multi-national information services company based in the Netherlands with operations in over 35 countries.

The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business. Incorporating a business allows you to establish credibility and professionalism.

Is an S Corp or LLC better? That is a bit of a misguided question. An LLC is a legal entity only and must choose to pay tax either as an S Corp, C Corp, Partnership, or Sole Proprietorship. Therefore, for tax purposes, an LLC can be an S Corp, so there is really no difference.

Unlike a corporation, the LCC is not considered a separate entity.The LCC files separately as a sole proprietorship, a partnership or a corporation, depending on its business structure. Once registered, a limited liability company is required to add the letters LCC to its business name.

Limited liability company (LLC) Tax-wise, an LLC is similar to an S corporation (or S corp), with business income and expenses reported on your personal tax return. If you are the only owner of an LLC, you are viewed as a disregarded entity.

A Limited Liability Company (LLC) is an entity created by state statute.A domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and elects to be treated as a corporation.

How much does it cost to form an LLC in Connecticut? The Connecticut Secretary of State charges a $120 fee to file the Articles of Organization. It will cost $60 to file a name reservation application, if you wish to reserve your LLC name prior to filing the Articles of Organization.

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Connecticut Notice of Intent by Corporation