Starting an LLC in Connecticut while you're a college student is a smart move for your business. But navigating the tax landscape can feel daunting. This guide breaks down the key tax obligations for your Connecticut LLC in 2026, helping you stay compliant and maximize your savings.
As a single-member LLC in Connecticut, your business income typically 'passes through' to your personal income. This means you'll report your business profits and losses on your personal income tax return (Form CT-1040). The LLC itself doesn't pay federal income tax. However, Connecticut does impose a Business Entity Tax (BET) on LLCs. Understanding both federal and state tax implications is crucial for your LLC's financial health.
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