How Much Does It Cost to Form an LLC in Connecticut?
Legal registration — and keeping your business in good standing — involves some necessary expenses. Some of these costs are payable to the Connecticut Secretary of State (SOS), while others are payable to other state entities or the federal government. We’ve summarized some of the most common requirements and fees here.
Note that Connecticut business license and permit fees may need to be paid when you first form your business, on an ongoing schedule or on an ad hoc basis. Find more details below.
Initial Connecticut LLC Fees
When you first form your business in Connecticut, you’ll need to file as an LLC with the Secretary of State and pay a filing fee. Here are the current fees and filing times:
When you form through Incfile, we collect this fee from you and forward it to the Secretary of State when we file your formation paperwork.
Employer Identification Number
Every LLC in the U.S. should obtain a unique Employer Identification Number (EIN). This is provided by the Internal Revenue Service, and you use it when you file taxes, open a business bank account and pay employees. You can get one yourself at no cost from the IRS, or have Incfile do it for you.
When you want to do business in a state other than the one where your business is based, you must create a foreign LLC.
Connecticut Foreign LLC Registration
Before you can bring an arm of your business from another state into Connecticut, you must request Connecticut Foreign Qualification. This means the state gives you permission to conduct business there.
To request registration of a Connecticut Foreign LLC, you must complete a Foreign Registration Statement form and pay a processing fee of $120. The state may have additional requirements, so contact the Connecticut SOS for more information.
Foreign Qualification to Operate in Another State
If you plan to expand your Connecticut LLC into another state, you’ll first need Foreign Qualification or a Certificate of Authority from that state. This is necessary if you'll have a physical presence, employees or banking in that state.
You'll likely be required to complete an application and pay a filing fee, but each state has different requirements. To plan ahead, compare state filing times and state filing fees first. Then contact the state government entity that administers business (usually the Secretary of State) to confirm their requirements and get specific instructions.
If you need assistance, Incfile provides complete Foreign Qualification service for all states.
Annual Report Requirements
Most states — including Connecticut — require businesses to file an annual (or other periodic) report with the Secretary of State. When you file your annual report, you’ll need to pay a fee of $80.
Important: Your Connecticut annual report must be filed online. If you need to file by mail, you can request a waiver to do so. You're also required to confirm or update your Registered Agent information in your annual report.
Here are the annual filing requirements for Connecticut:
Note: The annual report filing fee increased from $20 to $80 as of July1, 2020.
Connecticut Business License and Permit Requirements
As a business owner, you must ensure you have the proper state, federal or local business licenses to operate your business. Some of the associated fees only need to be paid once, while others have ongoing charges.
Permits and licenses vary based on:
Remember that operating your business without the required licenses can expose you to risks and fines from federal, state and local governments.
You can research these permits and licenses yourself, or use Incfile’s Business License Research package, which includes:
- A complete report on all the licenses, permits and tax registrations your LLC will need
- The applications you'll need to file with the state, regional and federal licensing authorities
The state does not require you to have a Connecticut LLC Operating Agreement in place.
An Operating Agreement is a document that details how the business will be run, how managers and members are chosen, rights and duties of members, and several other key areas.
This document can be extremely helpful in making sure you’re organized and prepared for any future events that may affect your business.
You can make changes to the template later, based on your unique requirements.
Other Potential Connecticut LLC Fees or Requirements
You may need to pay and meet several other fees and requirements during the life of your LLC. These ad hoc fees will only be payable in specific circumstances, which we’ve listed below.
Obtaining a Trade Name or DBA
To establish a Connecticut DBA (trade name), you must file a form with the town clerk in the town where the business is transacted. You’ll need to pay a filing fee, which varies based on the town you file in.
It’s free for the first year if you form your business with us and $119 every year thereafter.
Reserving a Name for Your LLC
If you don’t want to form your LLC right away, you can reserve a business name for 120 days by filing an Application for Reservation of Name and paying a fee of $60. First, perform a Connecticut business search and learn about business name rules to ensure you choose a name that meets state requirements.
Amending Certain Facts About Your LLC
Your business formation documents state certain facts about your Connecticut business at the time it's formed. Over time, these facts may change. If they do, you'll need to file a Certificate of Amendment form with the Connecticut SOS and pay a fee of $120. You can do this yourself or have Incfile complete the filing on your behalf.
Getting a Connecticut Certificate of Good Standing
Some organizations will request that you prove your LLC’s compliance with laws and tax requirements. If you need to prove that you've met your commitments, you’ll need a Certificate of Good Standing from the Secretary of State. In Connecticut, it's called a Certificate of Legal Existence.
You can obtain one by filing a Request for Certificates / Legal Existence form. The fee will be either $50 or $100, depending on whether you request an express, short form or long form certificate.
The fees listed above detail many of the charges a standard LLC will be required to pay. In some unusual circumstances, there may be other one-off, periodic or ad hoc fees not listed above.
Of course, your LLC will also probably need to pay self-employment, payroll, federal, state and sales taxes. More information about taxes can be found on the Connecticut Business Taxes page.