If you are trying to form an LLC in CT, then take note that in this state, how to start an LLC requires having a Connecticut registered agent who will handle all official paperwork on the LLCs behalf.
On this page, you’ll learn about the following:
Connecticut Registered Agent Requirements
There are certain requirements to fill the role of a Connecticut registered agent:
- The nominee must be more than 18 years old.
- The individual must have a legal, physical address in the state where the LLC will operate.
- The individual must be physically present during normal working hours.
How to Choose a Registered Agent?
When you file your Certification of Formation in Connecticut, you must nominate a registered agent. You can either appoint an in-house registered agent (yourself or any LLC member) or outsource a Connecticut registered agent service.
You can elect your registered agent online through the Connecticut Secretary of State website.
Hiring an Inhouse Registered Agent
When hiring an in-house registered agent, make sure the individual is over 18 of age and lives in Connecticut.
Can I be my own registered agent?
Yes, you can be your own registered agent. So long as you meet the basic requirements for a registered agent, then you can take on this role for your LLC.
Outsourcing a Registered Agent
You may, instead, get professional registered agent services. Doing so ensures that you will have the best individual to represent your business. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.
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$49 + State Fees
$299 + State Fees
$399 + State Fees
Note that availing of the services of professional registered agents would be your best option since you are guaranteed that whoever is handling your legal affairs knows their stuff well. You will enjoy peace of mind and focus only on running your business, as the ‘professionals’ take care of all legal matters.
What to Consider when Choosing a Registered Agent
Here are some factors to consider when choosing a registered agent.
- Service Fee: Since most states require formal businesses to have registered agents, selecting the best-registered agent is critical. Hiring a registered agent service typically costs between $50 and $300 annually. When you consider how much time it will save you, this is a small price to pay.
- Tenure in Business of Registered Agent: You want the registered agent to have established and time-tested procedures for handling documents that are received.
- State Jurisdiction Limitation: If your company expands to another state, you should use the same registered agent in all states to reduce the administrative burden of dealing with multiple registered agent service providers.
- Offer Monitoring and Follow-up Services: You want to receive up-to-date information and alerts from your registered agent as soon as possible so that you are aware of the various statutes, rules, and regulations that apply to your company.
Connecticut Business Laws for Registered Agents to Note
The Connecticut Code on Business Corporation mandates the appointment of a registered agent in Connecticut to accept the service of process on behalf of their business entity. They handle all the business laws and legal issues related to Connecticut LLC. Every state has its own set of codes and regulations. Connecticut has its own set of different business laws. Here are some important laws and regulations every business should follow:
- Connecticut Antitrust Laws: Antitrust laws prohibit any non-competitive practices in any open market, such as cartel formation. The Connecticut Federal and State laws protect consumers from such unethical practices that influence the market prices or restrict the entry of new competitors in the market. Antitrust laws are invoked in situations that hint at monopolization of a relevant market domain.
The main antitrust laws are the Sherman Act, Clayton Act, and Federal Trade Commission Act. Under the Statutes of Limitations, an antitrust claim can be raised within 4 years.
In Connecticut, the Office of Attorney General enforces the antitrust laws into practice.
- Interest Rates Laws: Every state in the United States has an Interest law for businesses. Normally, the general interest rate guidelines are less than the legal threshold of interest rate. The State of Connecticut has placed a ceiling to limit the interest rates on credit cards, loans, and other financial activities. The main statute is the General Statues of Connecticut (Title 37-1).
The maximum in legal cases and court judgments can range between 8%-12%. A certain exception is also placed for different mortgages, student loans, etc.
- Deceptive Trade Practices Laws: Connecticut laws aim to protect their residents from unfair business practices. Such practices mislead the consumers into investing in invaluable market products by selling them with twisted statements and lies such as false advertising.
The relevant statutes are the Unfair Trade Practices Act under the General Statutes (Chapter 735a), and Uniform Deceptive Trade Practices Act. A willful violation attracts a penalty of $5000 for an individual offense. In Connecticut, the Department of Consumer Protection overlooks the implementation of the Statute.
The Registered Agents are the people who act as points of contact between your business and the State Compliances. They assist your business in ensuring compliance with all regulations and codes of the State. Hiring a registered agent in Connecticut will help you handle your business in a smooth and legally compliant manner.
All corporations and limited liability companies doing business in Connecticut are required by state law to appoint a Connecticut registered agent. Connecticut registered agents provide a reliable way for the Secretary of State and state courts to contact a corporation or LLC.
A registered agent is simply a person or entity appointed to accept service of process and official mail on your company’s behalf who lives in the state of service and is over 18.
If you intend to be your own registered agent, you may be forced to use your home address (especially if you run a home-based or web-based business), making the address public.