Free Connecticut LLC Operating Agreement Templates

A Connecticut LLC Operating Agreement is a legally enforceable document LLC members negotiate and adopt to clarify the business hierarchy and outline the present and future functions of the company. The laws of the state do not demand the entities to have this document composed when the company is formed or at a later point; however, consider writing an operating agreement to verify the status of your business, avoid arguments between members - even if you believe it is unlikely, a miscommunication may happen in the future, and prevent the courts and governing bodies from using default regulations when assessing the activities of your entity - do not base your internal documentation on general laws and rules that may not reflect the nature of your company.

Connecticut LLC Operating Agreement Template Types

• Connecticut Single-Member LLC Operating Agreement Template. If you wish to run the business on your own, without having to answer to other members that have the same rights and voting powers that you do, you may opt for this company type and complete a document that explains how your entity is going to function. With the help of the operating agreement, you will work legitimately, with debts and liabilities having no impact on your personal assets;
• Connecticut Multi-Member LLC Operating Agreement Template. This instrument will allow the owners to figure out how to govern the company, how to amend the internal documentation and handle departures of members, and how to distribute the revenue and stock. The operating agreement is of the utmost significance for entities that have more than one member in charge - you will have a manual telling you how to resolve disagreements and issues inevitable for small and large organizations alike.

How to Form an LLC in Connecticut?

Once you have decided to start an LLC in Connecticut, you will have to draft certain documents and perform the following actions:

1. Fill out the application to register your company with the Secretary of State. Note that there are two versions of the document available at the moment - for domestic and foreign businesses respectively, and you have to select the correct one. Send the paperwork to the Commercial Recording Division - the department that examines business documentation - along with a check of $120, the filing fee.
2. Call a meeting of all the individuals and organizations that are willing to participate in the LLC and discuss what to include in the Connecticut LLC Operating Agreement Template you are supposed to approve once the final version is ready. The contents of this instrument are up to you, but at a minimum, it will confirm the name of your company and its address, the identities of members, their mailing addresses, and contributions to the capital, indicate the details of managing day-to-day affairs and dealing with matters that will have a major effect on the future of the business, state the financial terms such as taxation and share distribution, and elaborate on the potential company closure and various organizational questions such as the addition of a new member, general meetings, and the preferential right of owners to purchase shares if one of the members leaves the entity.
3. Get an employer identification number by filing an application for it with the Internal Revenue Service. With this unique number assigned to every company recognized as a legitimate business, you will submit reports regarding employment taxes and conduct financial operations.

Haven't found the template you're looking for? Take a look at the related forms below:

• LLC Forms;
• Partnership Forms;
• Corporation Forms.