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Connecticut Business Formation Questions & Answers
2 Answers | Asked in Business Formation for Connecticut on
Q: Hello. Will using the registered agent's address as the business address allow possible piercing of the corporate veil?

A registered agent company told me that if I availed their service as the registered agent, I could use their address as the business address, too. But I read somewhere that this could result in losing the legal protection an LLC offers; i.e., piercing the corporate veil.

Joshua Bradford Kons
PREMIUM
Joshua Bradford Kons
answered on Jun 21, 2024

Generally speaking, for piercing the corporate veil in Connecticut, courts look at whether the owner exercised complete control over the business and its practices so that the business is a mere “instrumentality” of the owner, or if the business and the owner effectively share the same identity... View More

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1 Answer | Asked in Business Formation for Connecticut on
Q: Under CT law, what can LLC members do about another member who refuses to pay his share of bills? withhold his K1?

This LLC was formed to make one specific investment. Can we declare him in "bad standing" and not send him other relevant information about the investment?

Alan Harrison
PREMIUM
Alan Harrison pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 11, 2024

No attorney should answer this question without reviewing your operating agreement. I sure hope that you have one. It should spell out the legal mechanism for expelling a member. If you have questions or more information, I'd be glad to help.

1 Answer | Asked in Business Formation and Business Law for Connecticut on
Q: Can a thirdparty own part of an asset under an LLC without owning part of the LLC ?

I'm building 2 software products with 1 partner. We want to house both products under one LLC. For one of the products we reached an agreement for distribution with a third party, but the third party wants part ownership to that software since they'll be playing a key role in how we... View More

Thomas C. Valkenet
Thomas C. Valkenet
answered on Dec 4, 2023

There are a variety of options for sharing intellectual property rights. The existence of an LLC is not necessary. You don't even have to share ownership of the existing LLC. It is easy enough to allocate profits and losses from the sale and distribution of a product in a written agreement, or... View More

1 Answer | Asked in Business Formation and Business Law for Connecticut on
Q: Can I use a virtual address to form my LLC in Connecticut?

I tried iPostal1 it was denied, my friend in the past used Regus but I’m not sure how valid that is

Joseph B. LaRocco
Joseph B. LaRocco
answered on Jan 25, 2022

Yes. The directions to filing provide as follows:

"PRINCIPAL OFFICE: Include street number, street name, city, state, and zip code. No P.O. Box."

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Also, in Connecticut a limited liability company must list the name and address of a registered agent with a...
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1 Answer | Asked in Business Formation and Business Law for Connecticut on
Q: Is it possible to hire an Attorney for just a nominee service (NOT a registered agent) for my corporate registration?

Many "publishers" offer to complete corporate registration forms for your new LLC or Corp with whichever state you choose and some offer registered agent service. Some offer an additional step by offering a nominee if you need privacy. Their rates are often double even triple what a... View More

Joseph B. LaRocco
Joseph B. LaRocco
answered on Jul 29, 2021

Most corporate attorneys can handle this. They may also be found under categories such as "corporate governance" corporate transaction" or "corporate formations" Use Justia and look under those categories.

If the attorney will act as a nominee, there may be an...
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1 Answer | Asked in Business Formation for Connecticut on
Q: Hi- I am a board member of the non-profit Yale Russian Chorus Alumni Association (YRCAA). We are currently

... Organized in the state of Washington, but are thinking of refiling to officially be in CT. Can you help us?

Tim Akpinar
Tim Akpinar
answered on Mar 14, 2021

I'm sorry your post remains open for a month. It could be difficult for attorneys here to reach out to your request for help because this is more of a question and answer board than an attorney referral service. You may have found an attorney by now. But if you still seek someone, you could... View More

1 Answer | Asked in Business Formation, Business Law and Employment Law for Connecticut on
Q: can my company make payments on personal loan of mine instead of paying me a higher salary?

my company made loan payments for me instead of paying me a higher salary....now they want me to pay taxes on this money? is that legal

Ana Maria Del Valle-Aguilera
Ana Maria Del Valle-Aguilera
answered on Oct 29, 2020

If your company pays your personal loan directly it must be reported as additional income to you and an expense to the company. If you own the company, you should check with your accountant to see if there are any actual tax savings.

1 Answer | Asked in Business Formation and Real Estate Law for Connecticut on
Q: Looking to start LLC to finance other business ventures down the road. How should we set it up given situation?

I just graduated college and got a salaried job. My fiance is currently in school and will be finishing nxt year. We want to start a business on paper so that we can invest in other businesses. We want to eventually purchase a car wash. We're interested in purchasing 3family duplex to generate... View More

Nicole M. Camporeale
Nicole M. Camporeale
answered on Jul 12, 2017

Seek the help of a business attorney who can properly advise you.

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