The Steps to Remember When Forming a New Business Venture
What are the steps in forming a new venture in Connecticut? It begins with developing a business plan and bringing together a group of advisors that can guide you on the best structure and ownership plan in respect to the new business. Then obviously you need to raise the capital and decide on who will own what percentage of the company. Then the next step is to obviously file with the Secretary of State the articles of association, ensuring that the business name that you’ll be utilizing is unique. Finally, and this is where it’s important to work with an attorney, certain key legal documents need to be executed. These include an operating agreement, a potential buy-sell agreement and certain other agreements. Finally, bank accounts need to be opened, tax ID numbers need to be obtained and a number of other steps need to be taken.
Are you looking to form a new business venture in Connecticut? Let our dedicated Business Attorney in Hartford guide you through the process.