5 Steps for Connecticut Foreign LLC Registration
Connecticut foreign LLC registration
Connecticut is a state known for its high corporate tax rate, but did you know that you can actually qualify as a foreign business? A foreign business is not defined as a business outside of the United States. It is a business that is “not organized or created under the laws of Connecticut.”
This means that if you are a corporation that is domestic and has been chartered in Connecticut, you will be considered a foreign business. If you are a foreign business, you will need to file an Application to Qualify as a Foreign Business with the Secretary of State. The Application to Qualify as a Foreign Business can be found on the Secretary of the State website. Through LegalRegistration.com, you can form an LLC in no time.
FBCs (Foreign Business Corporations) are required to file an annual report and are authorized to do business in Connecticut for the purpose of transacting business in Connecticut. If a foreign business violates this requirement, the Secretary of State can revoke its authority to do business in Connecticut.
Select a Registered Agent for Connecticut Foreign LLC
A registered agent is an individual or a business entity authorized to accept legal papers on behalf of a corporation, partnership, or limited liability company. The registered agent is responsible for forwarding those legal papers to the business.
Registered agents provide a number of services for their clients, including but not limited to acting as a record keeper for the business, handling service of process for the business, keeping business minutes, corporate records, and a number of other services. For more information visit the website LabyrinthTM Fundraising Compliance.
Your foreign LLC will require the services of a reliable registered agent, so make sure to choose one and have them registered along with the Connecticut foreign LLC registration to avoid charges.
Choose a name
Connecticut is known for its aggressive state income tax and its high property tax rates. Because of these factors, many companies choose to incorporate in other states. In order to qualify for Connecticut Foreign LLC registration status, the company must be recognized as a foreign corporation in its state of incorporation.
The company may have income generated in Connecticut and have a registered office in Connecticut, but it must file its tax return in its state of incorporation.
The foreign LLC will be treated like a domestic Connecticut LLC only if it can show a substantial connection to the foreign state, which includes an office and a permanent physical presence. If the foreign LLC is a limited liability company, it must be named and registered with the Connecticut Secretary of State. Please give LegalRegistration.com a phone call if you need more information.
Naming a foreign LLC in Connecticut is not as hard as it sounds. The name of the foreign LLC should be as similar as possible to the name of the foreign LLC in your home state. Exceptions to this rule would be using a name that is already registered in Connecticut or if the foreign LLC in your home state consists of more than one word, and the Connecticut foreign LLC will be the same.
Connecticut LLCs are required to have a fictitious name. This name is the name that will be displayed on official documents and on the Connecticut LLC certificate. It is not the same thing as the name of the foreign LLC, although they should be similar.
Go through the file registration process of Connecticut Foreign LLC
According to the Connecticut Secretary of State, to form a foreign limited liability company, you must submit all of the following:
- A properly completed Certificate of Organization for Foreign Limited Liability Company (Form LLC-2);
- A certificate of good standing or certificate of authorization from the state in which the foreign LLC was first organized;
- A certificate from the Secretary of State of the state in which the foreign LLC was first organized that indicates the LLC is in good standing or is authorized to transact business;
- A statement of the ownership of the foreign LLC that complies with Conn. Gen. Stat. §34-31k;
- The name and address of the Connecticut resident agent for the foreign LLC.
Submit via mail
The Connecticut Secretary of State offers free, comprehensive, step-by-step instructions on how to submit your application form for Connecticut foreign LLC registration via mail. First, they will let you know that you need to apply for a certificate of authority. For additional information What services do we provide?
You may submit your application online, but you will need to print, sign and mail the forms to the Secretary of State in order for them to become official. The form you will need to fill out will be called the Application for Certificate of Authority.
Know how your LLC is taxed
Any foreign entity doing business in the United States must pay U.S. taxes. This can be done through an individual or corporate tax return. A foreign LLC must do the same, but it’s important to know:
- If the foreign LLC is taxed as a corporation, it must file a corporate income tax return.
- If the foreign LLC is taxed as a partnership, it must file a partnership income tax return. A foreign LLC can also be taxed as a sole proprietor. In this case, it needs to file a Schedule C.
Steps to take after forming a foreign LLC in Connecticut
When forming a foreign limited liability company in Connecticut, there are several steps to take afterward to ensure that you can file taxes and other paperwork with ease. For additional information Category
Get an EIN
The first step is to get the correct tax identification number from the IRS. In Connecticut, foreign LLCs are given an EIN or Employer Identification Number. This is the same number that a US-based LLC is given when they file taxes. The EIN is a unique number that is used to identify a business that is separate from the owner.
Creating an operating agreement
After you form a foreign LLC in Connecticut, you must take a few steps to ensure that your business is compliant and will not be subject to fines or legal action. You should also continue to monitor your business and ensure that it is following all laws and regulations.
Operating agreements are a good way to ensure that your business will be compliant and to guide the way your business is run. A Connecticut operating agreement is an important document to ensure that your business will be run properly and legally.
An operating agreement is a document that outlines the goals, duties, and responsibilities of each member. This can be created by the members themselves, but it is best to have a lawyer assist with the process, which will ensure the operating agreement is legal and valid.
This is a critical step to take, and failure to have an operating agreement can cause serious problems. Hiring a lawyer can also help you understand and help in other important tasks like how to dissolve an LLC in Connecticut etc. Additional information Business Licensing.
If you’re setting up a foreign LLC in Connecticut, then you may wonder what you have to do after the fact. Well, you have to submit an annual report. This report is a requirement of the LLC. A report is basically a form that details the information on your foreign LLC. It’s basically an update on your foreign LLC.
Connecticut law requires that all foreign LLCs registered in the state submit an Annual Report. The report form is available from the Secretary of the State, but the filing fee must be paid to the Treasurer. Get more information on Legal Registration Archives
The Annual Report form must be accompanied by a list of the foreign LLC’s members and officers, including their home addresses. The Annual Report also requires that the foreign LLC provide its federal employer identification number and the state in which it was formed.