Initial Fees and Licenses in Connecticut

April 13, 2006

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If you're going to operate your business in Connecticut, when you start up you're going to incur filing fees and licensing fees depending on the type of business you run and your business form (corporation, sole proprietorship, partnership or limited liability company (LLC)).

Corporations. If you're doing business as a domestic corporation (a corporation incorporated in Connecticut) in Connecticut, you will be subject to the following franchise taxes, payable to the Secretary of State, when you start up:

Franchise Tax Based on Authorized Capital Stock
Authorized Shares	Tax Rate
First 10,000	1¢ per share
Over 10,000, not over 100,000	0.5¢ per share
Over 100,000, not over 1,000,000	0.25¢ per share
Over 1,000,000	0.2¢ per share
Minimum tax	$150

A corporation must also pay a franchise tax on the increased number of shares when filing a certificate of amendment, consolidation, or merger. The rates and limitations are the same as provided above for the franchise tax that a corporation must pay based on the number of shares a corporation will have the authority to issue when filing a certificate of incorporation.

Filing an article of incorporation, amendment, or correction costs $50 in Connecticut. Filing a certificate of dissolution, revocation of dissolution, change of address or change of registered agent costs $25.

The majority of domestic corporations doing business in Connecticut must file annual reports with the Secretary of State. The first report must be filed within 30 days after the corporation's organization meeting. The filing fee for an annual report is $75.

If you're doing business as a foreign corporation (a corporation that is incorporated somewhere other than in Connecticut) in Connecticut, you will be subject to the following fees. You pay these fees to the Connecticut Secretary of State:

Document	Fee
initial certificate of authority to transact business in Connecticut, including $225 license fee	$275
annual report, including $225 license fee	$300
amended certificate of authority	$50
application for withdrawal	$50

Limited liability companies (LLCs). If your company is either a domestic or foreign limited liability company (LLC) the following fees that are paid to the Secretary of State will apply to you:

Document	Fee
reservation of name	$30
transfer of reserved limited liability company name	$30
articles of organization, including appointment of statutory agent	$60
amendment to the articles of organization	$60
restated articles of organization	$60
change of address of statutory agent or change of statutory agent	$25
articles of merger or consolidation	$30 per each LLC
articles of dissolution, or judicial decree of dissolution	$25
certificate of registration for foreign LLCs	$60
amended certificate of registration for foreign LLC	$60
annual report	$10

Warning

If you have a foreign LLC, the LLC is required to register with the Secretary of State prior to transacting business in Connecticut. A penalty of $2,000, plus applicable taxes and penalties apply to LLCs that fail to do so.

Business licenses and fees. Connecticut requires that you obtain a license and pay a fee if you are operating certain types of businesses in the state. Below is a partial list of some of the types of businesses required to obtain a license. Be sure to check with the state to make sure you are complying with the license requirements for your particular profession.