If you have recently formed a corporation in Connecticut, there are a number of steps you must take to stay compliant with the state. One piece that can easily be overlooked is the Connecticut Organization and First Report. This document is sometimes referred to as a Statement of Information or initial report, and serves the purpose of confirming vital information about the company.
All domestic corporations and nonprofits must file an Organization and First Report. Connecticut LLCs, LPs, and LLPs are not required to file this report. Failing to file your Connecticut Organization and First Report could result in penalty fees.
Connecticut Organization and First Report Requirements
If the state requires your business to file a Connecticut Organization and First Report, it must be filed with the Secretary of State 30 days following formation. This provides you time to hold your first board meeting and gather the names and addresses of everyone serving on the initial board of directors.
This is important because there is a lot of information that you will gain after having that first meeting that you would not have had upon filing your Articles of Incorporation. This includes the official election of your board of directors, adoption of corporate bylaws, issuance of shareholder certificates, choosing tax structure, and other important decisions.
Filing Your Connecticut Organization and First Report
Though costs can change, you can find the current fees at business.ct.gov. There are several ways to file a report, including:
- Using the CT.Gov online filing portal
- Via physical form via mail to the Business Services Division of the Connecticut Secretary of State
- Hand delivering a physical form to the Business Services Division’s office in Hartford
Choose the method that is most convenient for your business. Filing online is often easiest and provides more efficient response time and communication.
What information is required for your Connecticut Organization and First Report?
This document includes important information about relevant parties to the business, as decided in the initial meeting. You will need the following information to complete your Connecticut Organization and First Report:
- Name of the corporation
- The date that the initial meeting was held
- Mailing address for your principal office
- Contact information for all officers and directors
- Any changes to your registered agent information since you filed the Articles of Incorporation
- Email address for the business
- Signature of an approved executive officer or director
It’s a good idea to gather all this information at the time of your initial meeting so that you don’t have to hunt anything down later.
Filing an Annual Report in Connecticut
Connecticut domestic and foreign corporations and LLCs are required to file an annual report each year after the year the company was formed. This serves as an update to any information that may have changed since your Organization and First Report was filed. The form is due by the last day of the anniversary month that the business was formed. Take the stress out of having to complete one more task by using ZenBusiness’s annual report filing service. We can help you stay compliant and avoid fees or penalties.
Prioritizing Business Compliance
The Connecticut Organization and First Report is an important document that you don’t want to forget. There are a lot of moving pieces when it comes to forming a new business entity. Take a look at your state and local requirements to check that you prepare all necessary formation documents, licenses, and annual reports. If this sounds a little overwhelming, you can use ZenBusiness’s various tools and services to help you meet your business goals and take some pressure off of compliance.
Connecticut Organization and First Report FAQs
Is an Organization and First Report the same as an annual report in Connecticut?
An Organization and First Report in Connecticut contains almost all the same information as a Connecticut annual report, but they’re different forms. An annual report reflects changes from year to year.
Do I need a lawyer to file an Organization and First Report in Connecticut?
You don’t need to need a lawyer to file your Connecticut Organization and First Report, but it may be beneficial to use the helpful business formation services and tools provided ZenBusinss when it comes to starting your Connecticut business entity and keeping it compliant.
How much does it cost to file an Organization and First Report in Connecticut?
Fees are subject to change. You can find the current business filing fee schedule on the Connecticut Secretary of State website.