There are four main types of businesses that can be registered in the state of Connecticut. These include sole proprietorships, partnerships, limited liability companies, and corporations. Each type of business has its own set of rules and regulations that must be followed in order to be in compliance with the state laws.

Sole Proprietorships

A sole proprietorship is a business that is owned and operated by one person. The owner of the business is responsible for all of the debts and liabilities of the business. This type of business is the simplest to set up and is the most common type of business in the state of Connecticut.

Partnerships

A partnership is a business that is owned and operated by two or more people. The partners in the business are each responsible for their own share of the debts and liabilities of the business. This type of business is more complex than a sole proprietorship and requires more paperwork to be filed with the state.

Limited Liability Companies

A limited liability company is a business that is owned and operated by one or more people. The owners of the business are not personally responsible for the debts and liabilities of the business. This type of business is more complex than a sole proprietorship and requires more paperwork to be filed with the state.

Corporations

A corporation is a business that is owned by shareholders. The shareholders are not personally responsible for the debts and liabilities of the business. This type of business is the most complex to set up and requires the most paperwork to be filed with the state.