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Excerpt from A Practical Guide to Organizing Business in Connecticut Published by MALE New England CHAPTER 3 Incorporating a Business David B. Shaffer, Esq. Wiggins and Dana LLP, Stamford 3.1 Introduction
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Incorporating a business is the process of legally forming a company as a separate entity from its owners.
Any individual or group looking to establish a formal business structure is required to file for incorporating a business.
To fill out incorporating a business, one must typically submit the necessary documents and forms to the appropriate government agency.
The purpose of incorporating a business is to protect the personal assets of the owners, create a separate legal entity, and allow for potential tax advantages.
When incorporating a business, one must typically report information such as the company name, address, ownership structure, and business activities.
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