Although starting a business is an exciting endeavor, it can also be challenging and daunting, particularly when it comes to the associated legal documentation. Obtaining state approval is one of the most crucial procedures in creating a limited liability company (LLC). The approval of an LLC in Connecticut normally takes 7 to 10 business days, although there are a number of variables that might impact the time frame.
Articles of Organization must be submitted to the Connecticut Secretary of State in order to create an LLC there. The filing cost is $120 and can be submitted online or by mail. The Secretary of State’s office will check your Articles of Organization once you submit them to make sure they adhere to all criteria. The documents will be approved if they are accurate and full, and you will be given a Certificate of Organization. This document attests to the legal formation and state recognition of your LLC.
The approval procedure will, however, take longer if your filing contains mistakes or omissions. Any problems will be brought to your attention by the Secretary of State’s office, giving you an opportunity to fix them. The review procedure will start over once you’ve made the necessary adjustments and resubmitted your documents, and the approval timeline will restart.
You might also need to secure a Certificate of Legal Existence from the Connecticut Secretary of State in addition to getting your LLC recognized. This document attests to the fact that your LLC complies with all legal criteria and is in good standing with the state. A Certificate of Legal Existence costs $50 and takes around 5-7 business days to process.
You might also need to get a Certificate of Good Standing if you intend to conduct business outside of Connecticut. This document attests to the fact that your LLC is legitimate and in good standing with the state. State-specific processing times for Certificates of Good Standing range from 5 to 10 business days on average. A Certificate of Good Standing must be renewed on a regular basis if you intend to continue conducting business in other states because it only lasts for a limited time, often 60 to 90 days.
In conclusion, the time it takes to get an LLC recognized in CT might vary based on a number of variables, such as how accurate and thorough your filing is, as well as whether you need to get any extra paperwork. However, you may speed up the process and launch your company quickly with careful planning and attention to detail.