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Connecticut,
USA LLC
Capital City: Hartford
Economy: Manufacturing, insurance, government,
services and agriculture.
Population: 3,405,565
Time Zone: 5 hours behind Greenwich Mean Time (-5
GMT). Daylight Saving Time is observed April-October
Today, Connecticut factories produce weapons, sewing machines, jet
engines, helicopters, motors, hardware and tools, cutlery, clocks,
locks, silverware, and submarines. Hartford has the oldest U.S.
newspaper still being published-the Hartford Courant, established
1764-and is the insurance capital of the nation.
Connecticut leads New England in the production of eggs, pears,
peaches, and mushrooms, and its oyster crop is the nation's second
largest. Poultry and dairy products also account for a large portion
of farm income.
Connecticut is a popular resort area with its 250-mile Long Island
Sound shoreline and many inland lakes. Among the major points of
interest are Yale University's Gallery of Fine Arts and Peabody
Museum. Other famous museums include the P. T. Barnum, Winchester
Gun, and American Clock and Watch. The town of Mystic features a
recreated 19th-century New England seaport and the Mystic Marinelife
Aquarium.
The United States LLC is not a partnership or a corporation. It
is a distinct business entity that offers an alternative to partnerships
and corporations by combining the corporate advantages of limited
liability with the partnership advantage of pass-through taxation.
US LLCs with non-resident members and which conduct no business
in the US and which have no US-source income are not subject to
US federal income tax and are not required to file a US income tax
return. US LLCs are popular vehicles for conducting international
business.
For offshore business usually Corporation or Limited Liability Company
(LLC) types are used, those based on the General Corporation Law
and Limited Liability Act.
Company Statute: Limited Liability Company (LLC)
Taxation: US limited liability companies that conduct
no business in the recommended states of formation with non-resident
members are generally not subject to state income tax and are not
required to file a state income tax return.
Shareholders/Members: Normally one.
Directors/Managers: Normally one.
Registered Office Required: Yes. Must be maintained
in state of incorporation/formation at the office of a professional
registered agent.
Name Restrictions: Anything identical or similar
to an existing company within the state of formation. Additionally,
the use of bank, trust, insurance or reinsurance within the name
of the LLC is generally prohibited in all 50 states. This is because
limited liability companies in most states are simply not allowed
to engage in a banking or insurance business.
Financial Statements: There is generally no requirement
to file financial statements with the state of formation unless
the corporation owns assets within that state or has conducted business
within that state.
Annual Report/Licence Fees: USD 100.
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