Connecticut PLLC Operating Statement
Description
How to fill out PLLC Operating Statement?
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FAQ
You should make sure you have an operating agreement for your PLLC. (Unlike most other states, Texas statutes refer to this document as a "company agreement.") Unlike professional licenses, articles of organization, naming restrictions, and service restrictions, this is not a state requirement.
The benefits of starting a Connecticut LLC: Protects your personal assets from your business liability and debts. Easy tax filing and potential advantages for tax treatment.
Note: The Business Entity Tax (BET) no longer exists.
PLLCs in Connecticut have relatively simple formation and maintenance requirements, several options for how they want to be taxed, and flexible management. From one-person businesses to multi-member PLLCs with several owners, the PLLC is a popular choice for a reason.
Under Connecticut law, an LLC is not required to have an operating agreement. In 2017, Connecticut enacted the Connecticut Uniform Limited Liability Company Act (?CULLCA?), which applies to all limited liability companies in Connecticut.
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.
Specific Rules for Connecticut Business Names The one state-specific rule says that because an LLC is a company and not a corporation, your LLC name cannot include the words ?Corporation,? ?Incorporated? or their abbreviations ?Corp.? or ?Inc.?
An LLC classified as a partnership is subject to the Business Entity Tax of $250 provided it is required to file an annual report with the Connecticut Secretary of the State. An LLC classified as a corporation is not subject to the tax.