Definitions from Nolo.com, a provider of legal information and products for
consumers and businesses:
Corporation: “What sets the
corporation apart from all other types of businesses is that a
corporation is an independent legal entity, separate from the people who
own, control, and manage it. In other words, corporation and tax laws
view the corporation as a legal ‘person’ that can enter into contracts,
incur debts, and pay taxes apart from its owners.”
Limited Liability Company (LLC):
“LLC stands for Limited
Liability Company. A limited liability company is a business entity that
is separate from its owners, like a corporation. However, unlike a
corporation, which must pay its own taxes, an LLC is a ‘pass-through’
tax entity: The profits and losses of the business pass through to its
owners, who report them on their personal tax returns just as they would
if they owned a partnership or sole proprietorship.”
Definition from the Connecticut Secretary of the State website:
Trade Names (D/B/A or Sole Proprietorship):
“In Connecticut, ‘Trade Name’ is the term
given to an individual doing business under an assumed name, sometimes
called ‘doing business as’ or ‘D/B/A’ or sole proprietorship. Unlike
business entities filed on the Connecticut Business Registry (CONCORD),
the filing of a trade name does not create a separate business entity.
Trade Name certificates are filed with the town clerk in the town where
the business is transacted, not with the Office of the Secretary of the
Research guides prepared by the Connecticut Judicial Branch law librarians:
Office of Legislative Research Reports:
Department of Revenue Services
Office of the Secretary of the State
The Judicial Branch law libraries hold a number of items that may be helpful
when researching small business law. Search the online
catalog for availability and locations.
Connecticut Business Litigation, by Thomas J. Finn, 2nd
edition, Connecticut Law Tribune.
Connecticut Corporation Law & Practice, by Marilyn J. Ward
Ford, 2nd edition, Aspen Law & Business.
Connecticut Limited Liability Company Forms and Practice Manual,
by Richard G. Convicer, Data Trace Legal Publishers.
A Guide to Connecticut Limited Liability Companies, by Mark
Pruner, Connecticut Law Tribune.
Nolo's guide to single-member LLCs: How to form and run your
single-member limited liability, by David M. Steingold, 2019, Nolo.
A Practical Guide to Organizing a Business in Connecticut, by
Robert G. Seigel, 1st edition, MCLE
The Small Business Start-Up Kit, by Peri H. Pakroo, 10th
edition, Nolo. .
Title 32 -
Chapters 578 to 588gg Commerce and Economic and
Chapters 589 to 608 Corporations
Chapters 609 to 616 Limited Partnerships, Partnerships, Professional
Associations, Limited Liability Companies and Statutory Trusts
Chapters 620 to 625 Trade Regulations, Trademarks and Collective and
Regulations of Connecticut State Agencies