Forming a Gaming LLC in Connecticut (CT) is an exciting step, but understanding the tax implications is crucial. This guide breaks down federal and Connecticut state taxes relevant to your gaming business, ensuring you're prepared for 2026. Lovie can automate these complexities, making tax season seamless.
As a Gaming LLC in Connecticut, your tax structure depends on your elections. By default, a single-member LLC is taxed as a sole proprietorship, and a multi-member LLC as a partnership. You can elect to be taxed as an S-Corp or C-Corp. S-Corp election may reduce self-employment tax, while C-Corp subjects profits to corporate tax and dividends to shareholders. Connecticut also levies a business entity tax.
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