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Start your Limited Liability Company (LLC) with CT Corporation | Wolters Kluwer.
Key takeaways. LLC stands for limited liability company, which means its members are not personally liable for the company's debts. LLCs are taxed on a ?pass-through? basis ? all profits and losses are filed through the member's personal tax return.
In the event that there is a dispute regarding your living will or appointment of a health care representative, the witnesses' affidavits support its validity. This affidavit requires the use of an attorney or notary public. No other form requires the use of a notary or an attorney.
Connecticut LLC Cost. Connecticut's state fee for LLC formation is $120. Connecticut LLCs also need to file an annual report every year, which costs $80. Depending on your industry and business needs, you might have additional expenses, such as licensing fees, business insurance, and registered agent fees.
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
Stat. § 25-3-103.7. Connecticut Yes.
Owners of LLCs enjoy limited liability protection. You do not have to maintain minutes of meetings or resolutions. You can select various ways of distributing the profits of the company. You can benefit from pass-through taxation, which prevents double taxation.