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NFT: Forming an LLC

Patrick : 8/7/2017 2:49 pm
Does anyone out there have experience in forming an LLC in Connecticut. I will be the only owner.

Would you recommend going through a legalzoom type of website or finding a lawyer? Any advise would be helpful.
I'm in!  
Rocky369 : 8/7/2017 3:09 pm : link
RE: I'm in!  
Patrick : 8/7/2017 3:13 pm : link
In comment 13551909 Rocky369 said:

Hi Patrick  
feelflows : 8/7/2017 3:14 pm : link
Just did the same in PA. Get a lawyer. Should be a one time fee, unless you need him/her after it's set up. They will help you start up.

Also, it's easy to setup your own federal tax id# do that.
ctc in ftmyers : 8/7/2017 3:18 pm : link
Go on to Conn. government business site. Should be a piece of cake.

As stated above, getting your EIN is easy.
ctc in ftmyers : 8/7/2017 3:23 pm : link
you go.
Link - ( New Window )
You don't need a lawyer  
WideRight : 8/7/2017 3:27 pm : link
Sole proprietor.

Just fill out the forms on the government website and save your self the money. Hiring a lawyer on day one of your business is a bad sign.
My accountant did mine for free  
oghwga : 8/7/2017 3:28 pm : link
In NJ. Helped me reset all my sales tax info as well.
RE: You don't need a lawyer  
feelflows : 8/7/2017 3:47 pm : link
In comment 13551928 WideRight said:
Sole proprietor.

Just fill out the forms on the government website and save your self the money. Hiring a lawyer on day one of your business is a bad sign.

That depends if you are working with contracts or not.

Lawyers are for self protection.
lawyer totally unnecessary  
Alan in Toledo : 8/7/2017 3:56 pm : link
The paperwork is trivial. Your 7th grade child could almost surely complete it within a few minutes.
Link - ( New Window )
here's the LLC registration form  
Alan in Toledo : 8/7/2017 4:04 pm : link
for domestic companies in Connecticut
Link - ( New Window )
Yeah, who needs a lawyer  
HomerJones45 : 8/8/2017 10:33 am : link
just run out and fill out the LLC form- child's play.

Whether you should have an LLC or some other form of organization? Who cares?

Should you be a "disregarded entity" What's that? Ask that child who is playing.

Whether you would be better off spending your organizational filing fee and entity taxes on insurance? Child's play.

The format for your Operating Agreement? (Hint: the state provides a one page form articles of organization. It does not provide an operating agreement) What's an operating agreement? Child's play

Future expansion? Investors? Partners? if not now, in the future. More Child's play.

Licensed occupation? Can you even have an LLC? No doubt even that child could figure that out. (Note: accountants routinely miss this one.)

Yep, nothing to it.

Jerry in 329 : 8/8/2017 11:13 am : link
I have a CT LLC and had my lawyer set it up for me. I didn't try to figure out whether I needed him or not as the fee was pretty nominal. As you probably no, you need at least two "members" in an LLC. Mine was really a sole proprietership, so we set it up with me as a 99% owner and my wife as a 1% owner.
You don't need a lawyer to form an LLC  
trueblueinpw : 8/8/2017 12:29 pm : link
You should probably talk with an accountant though. There are ins and outs based on your income and assets, etc. Once you know what sort of corporate entity is best for you the formation and filing stuff can be done on the web.
Here is a good rule to live by  
Ron Johnson 30 : 8/8/2017 12:33 pm : link
Never skimp on professional services. If you can't afford to do it right, you're doing something wrong. I would always run it by an attorney. In the end you're much better off.
Thanks everyone.  
Patrick : 8/10/2017 12:35 pm : link
Much appreciate the advice.
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