Why You Should Use A Connecticut Business Entity Search
Are you going to set up a limited liability company soon? Are you in the state of Connecticut? Doing so is going to offer you ample protection from potential legal situations in the future. When a company is sued by an unhappy client, this can lead to a financially detrimental situation. Your personal property, and your assets, could be part of this lawsuit unless you are protected by an LLC. Before you set up a limited liability company, however, it’s good to know what name you are going to use. It is a name that must be unique, one that no one else has, and you can determine this by using a Connecticut business entity search.
How Do These Search Systems Work?
These systems operate in a couple of different ways. First of all, they are going to search the database for the state of Connecticut for all of the names that are listed for LLCs. This is the fastest way to quickly ascertain whether or not you the name that you have chosen. You will not be allowed to use a name if it is identical, or if it is remotely similar, to other limited liability company names. This can be a problem for some people, but they must understand that the name that you choose for your LLC does not have to match the name of your business.
How Do You Set Up Your LLC?
Before you begin the process of setting up your limited liability company, if you have done the name search already, you are on the right track. That is the very first thing that you will have to write on the paperwork to indicate the name of your LLC. From there, you will need to enter other types of information. For example, on the articles of organization, you are going to have to list your name and address if you are the organizer, the actual location as to where the LLC will be operating, as well as the email address. You also need to consider the registered agent that will be providing you with the ability to receive paperwork as a 1/3 party. Finally, you will have at least one member or manager on your team, and they must also be listed, plus the organizer must sign at the bottom.
Other Paperwork That You Will Have To Fill Out
One very important document that is not necessarily required is the operating agreement. The type of business that you have, and what you do every day, needs to be listed. Essentially, it is an overview of how your business will operate. This will detail what you do, what your members and managers will do, getting a bird’s eye view of the entire operation. Finally, you will have to apply for an EIN number and business licenses for your company. Taxes must also be paying which is $250 for your business entity tax. There are other fees that will also be paid including your biannual or annual reports.
When Choosing The Name Is So Important
The name of your business is very important for several different reasons. As mentioned before, he needs to be unique. This will set you apart from all of the other companies. For example, if someone is pursued by an unhappy client, they will not even notice you with your business is dissimilar by name. The other reason is that your name adds credibility to your business. You will be known for that name when people are talking about your company. You could have multiple companies underneath the umbrella of the LLC. It is essentially the entity that represents everything that you do and that’s why choosing this name is so vitally important.
Does It Take Long To Set All Of This Up?
In most cases, filling out all of the paperwork, and submitting this information, should take no more than a couple of hours. If you are working with a local attorney, accountant, or a business that specializes in helping people with LLCs, this is something that will help you throughout this process. Not only will they allow you to get everything done properly the first time, but they are also there if you ever need them. If you have a question, they will simply contact you after you have requested information and help you with whatever question you have asked.
Setting up an LLC in Connecticut does require some specialized knowledge. Choosing the name of your limited liability company should be done carefully. Be sure to check the database to make sure that the name of your business, at least the one that you want, is not being used by other people. All of this information will be presented to you if you are working with a business that can help. Overall, the process is relatively straightforward, and once you have this LLC in place, you will have an excellent name for your business and proper protection from legal issues that may happen in the future.