For businesses operating in Connecticut, understanding and fulfilling the annual report requirement is crucial for maintaining good standing with the state. This report, filed with the Connecticut Secretary of the State (SOTS), serves as an update to your business's information, ensuring the state has current contact details and ownership information. Failing to file on time can lead to penalties, administrative dissolution, and loss of liability protection for your LLC or corporation. Lovie is here to demystify the process and ensure your Connecticut business remains compliant. This guide will walk you through everything you need to know about the Connecticut annual report, including who needs to file, when it's due, how to file, associated fees, and the consequences of non-compliance. Whether you're forming a new Limited Liability Company (LLC) or a Corporation, or managing an existing one, staying on top of this filing is a non-negotiable aspect of running a business in the Nutmeg State.
In Connecticut, both LLCs and Corporations are required to file an annual report with the Secretary of the State (SOTS) to maintain their active status. This filing requirement applies to domestic entities formed within Connecticut as well as foreign entities that have registered to do business in the state. For Limited Liability Companies (LLCs), the annual report is a critical document that keeps the state updated on the LLC's registered agent, principal office address, and the names and addre
The deadline for filing your Connecticut annual report is determined by the month in which your business was originally formed or registered. For LLCs, the report is due during the anniversary month of the LLC’s formation. For example, if your LLC was formed on March 15, 2023, your annual report will be due every year by March 31st. The Connecticut SOTS accepts filings starting from the first day of the anniversary month and requires them to be submitted by the last day of that month. For Corpo
Filing your Connecticut annual report is primarily an online process through the Connecticut Secretary of the State's Business Services website. The SOTS offers an online portal designed to streamline business filings. To begin, you will need to access the portal and search for your business entity using its name or business ID number. Once you locate your entity, you can proceed to the annual report filing section. The system will typically pre-populate some of your existing business informatio
The filing fee for the Connecticut annual report is a flat rate of $80 for both LLCs and Corporations. This fee is payable directly to the Connecticut Secretary of the State at the time of filing through their online portal. It's important to budget for this cost annually as part of your business's operating expenses. The fee is relatively modest compared to the potential consequences of failing to file, making it a necessary investment in maintaining your business's legal status. Failure to fi
A crucial piece of information updated or confirmed on your Connecticut annual report is the registered agent. Every business entity registered to operate in Connecticut is required by law to maintain a registered agent. This individual or company serves as the official point of contact for the business, receiving legal documents, official government correspondence, and service of process (like lawsuit notices) on behalf of the entity. The registered agent must have a physical street address in
While both LLCs and Corporations in Connecticut must file an annual report, there are subtle differences in the information required, reflecting the distinct structures of these entities. For Connecticut LLCs, the annual report primarily focuses on updating the names and addresses of the members or managers, depending on the management structure (member-managed or manager-managed), and confirming the registered agent and principal office address. The emphasis is on the operational and management
Start your formation with Lovie — $20/month, everything included.