State Specific LLC Posts Archives

Connecticut LLC Formation- Basics

The requirements for forming a Connecticut LLC are set forth in the Connecticut Limited Liability Company Act and the agency responsible for forming and regulating an LLC in Connecticut is the Secretary of State.

CONNECTICUT LLC FILING FEE AND ANNUAL FEE

Currently, the filing fee charged by the State is $120 and there is an annual fee of $20 a year. As you can see, the costs to form on are so low compared to the huge benefits and protections of a Connecticut limited liability company.

MEMBER AND REGISTERED AGENT REQUIREMENTS

In Connecticut, the law only requires that there be one member but there could be as many members as needed. The LLC must have a registered agent and office located in the the State.

If the LLC is going to be manager managed (as opposed to member managed), it must disclose this in its formation filing.

INSIST ON A PROPER CONNECTICUT LLC FORMATION

While you can learn the rules and details for preparing your own filing to form a Connecticut LLC, you can save a lot of time and stress by using a reputable LLC formation services company to handle this for you.

Beware of inexperienced and incompetent formation companies because you risk your own liability, substantial delays and headaches with the state agency and potential other economic issues if your Connecticut LLC is not formed properly in strict compliance with the Connecticut Limited Liability Company Act.

CLICK ON BUTTON BELOW TO LEARN MORE ABOUT CONNECTICUT LLC FORMATION FROM THE LEADING PROVIDERS OF LLC AND INCORPORATION SERVICES IN THE COUNTRY.

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More Information about the State of Connecticut LLC

Texas Limited Liability Company- 4 Types

Almost 70,000 Limited Liability Companies were created in Texas during 2007. This kind of business entity is the most popular legal entity in the state.

A Texas Limited Liability Company can provide tax benefits and legal protection for the owners of the LLC. The most common Texas LLC is formed by small businesses, but Texas law allows four LLC types: domestic, professional, non-profit, and foreign.

CREATING A DOMESTIC TEXAS LLC

A Domestic Limited Liability Company is used by small businesses and joint ventures. Provided the LLC is formed for a legal purpose, it has very few legal restrictions on what the business must be. This flexibility makes it the most popular LLS in Texas.

LLCs can outlast their founders and be used for many purposes. The documents that form the LLC must be carefully written to comply with all of the Texas requirements and to ensure that the LLC will do what the creators intended it to do for as long as it lasts.

CREATING A PROFESSIONAL TEXAS LLC

Licensed professionals, such as physicians, lawyers, and architects can create a Professional Limited Liability Company to be the business entity under which they provide their licensed services. Like the domestic LLC, there are tax and legal advantages to creating the LLC. However, a professional LLC is limited to only providing those services for which the owners have professional licenses.

CREATING A NON-PROFIT TEXAS LLC

If a Texas charity or other non-profit organization wishes, it can create a non-profit Texas limited liability company. A non-profit LLC has many of the same advantages of a non-profit corporation, but it is easier to create.

Social groups such as business associations also qualify to create a non-profit LLC. However, the LLC will not be a tax-exempt entity unless it also meets other Texas requirements. A specialist in creating Texas LLCs can guide you to making the tax elections, the choices that get you the proper tax status.

CREATING A FOREIGN LLC IN TEXAS

The most complex LLC creation is the “Foreign LLC. This allows an LLC that was created in any of the other 49 states to expand their business to Texas. The foreign LLC must begin by filing for a certificate of authority with the Texas Secretary of State, then follow the appropriate Texas LLC laws.

Creating a foreign LLC in Texas does not change the terms and conditions of the LLC. It remains subject to the laws of the state where the original LLC was created. The foreign LLC must also obey the Texas laws that apply to it.

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For small business, the domestic LLC is the right choice of Texas limited liability company entities.

CLICK HERE Now for a FREE Texas LLC Guide summarizing the Benefits to Business Owners or for a FREE Texas LLC Name Search: http://www.TexasBusinessFormation.com

If you need to register a foreign LLC in Texas, click here for information about a service to handle that for you:  Foreign LLC Registration