Find out how to form a corporation in Connecticut, including information about the forms you’ll need, how much it costs, and more.
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by Jane Haskins, Esq.
Jane has written hundreds of articles aimed at educating the public about the legal system, especially the legal aspe...
Updated on: November 29, 2023 · 4 min read
A corporation offers liability protection to its owners, which helps shield most of the owners’ assets from the corporation’s financial obligations, debts, and responsibilities. This is because a corporation is an entity that is separate from its owners, and only the corporation’s assets can be used to pay its debts and obligations. There may also be tax benefits to having a corporation.
To form a Connecticut corporation, you will need to file a certificate of incorporation with the Secretary of State and pay a filing fee. Your corporation officially exists as soon as the certificate is filed. The certificate of incorporation may contain many provisions, but it must include the following:
In regards to the stock structure, the certificate of incorporation must state the total number of shares the corporation is authorized to issue. Stock can be divided into different classes or series, and used for different purposes, for example, some sorts of stock may offer voting rights in the company while others do not.
If there is more than one class or series of shares, the certificate must state the number of shares in each class or series and provide a designation for each class or series. Before shares are issued in a class or series, the certificate must also state the terms, including the preferences, rights, and limitations of that class or series.
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