Connecticut Business Credit Application
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FAQ
A sole proprietorship is considered a business entity run by a single person. Since this type of business is not registered with the state, the dissolution process is fairly straight forward compared to other business structures.
Start a business in Connecticut in 7 steps Come up with a suitable business idea. Choose your business structure. Choose a name for your Connecticut-based business. Create a business plan. License and register your business in Connecticut. Find funding for your business. Create a website for your business.
A sole proprietorship has no existence separate from its owner. Therefore, the legal or true name of a sole proprietorship is its owner's full name. But if the business will be operating under a different name, most jurisdictions require that the name be registered.
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. File a Trade Name Certificate with the town clerk. Apply for licenses, permits, and zoning clearance.
Business Entities ENTITY TYPEDOMESTICFOREIGNCORPORATION$150$435NONSTOCK CORPORATION$50$50LIMITED LIABILITY COMPANY$80*$80*LIMITED LIABILITY PARTNERSHIP$80*$80*
A sole proprietorship is easy to establish. You don't need to take any legal steps to form this type of business. If you are the only owner and begin conducting business, you automatically become a sole proprietorship.
Although Connecticut doesn't have a general business license requirement, you do have to register with the Department of Revenue and get a Connecticut State Tax Identification Number. This state tax ID is required to do business in the state, and is different from your LLC's federal EIN number.
How do I apply for an EIN? You can apply online or using IRS Form SS-4 (?Application for Employer Identification Number?).
