Welcome to the world of entrepreneurship! As a first-time founder forming an LLC in Connecticut, understanding your tax obligations is crucial. This guide breaks down everything you need to know about federal and Connecticut state taxes in 2026, helping you avoid common pitfalls and maximize your savings. Let Lovie handle the complexity, so you can focus on building your business.
An LLC offers flexibility in its tax structure. By default, a single-member LLC is taxed as a sole proprietorship, while a multi-member LLC is taxed as a partnership. However, you can elect to have your LLC taxed as an S-Corp or C-Corp. Each option has different tax implications, so choosing the right structure is key. Consulting with Lovie can help you determine the most advantageous structure for your specific business needs in Connecticut.
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