A Potentially Big Break for Connecticut Small Businesses

The secretary of the state and a bipartisan group of state legislators said Thursday they will seek to abolish Connecticut’s annual $250 business entity tax during this year’s legislative session, which begins Feb. 6.  Hartford Courant, January 17, 2008

This should be welcome news to any small business or anyone interested in starting a small business in Connecticut. Eliminating this tax means that people looking to incorporate in Connecticut would not have to fear getting hit with a $250 annual tax even if the business never gets off the ground.

I think that repealing this tax will benefit existing small businesses and encourage new small businesses to incorporate in Connecticut. 

Ryan McKeen is a trial attorney at Connecticut Trial Firm, LLC in Glastonbury, Connecticut. In 2016, he was honored by the CT Personal Injury Hall of Fame for securing one of the highest settlements in the state. He is a New Leader in the Law. ABA 100. Avvo 10. 40 under 40 for Hartford Business Journal. He has been quoted in Time Magazine, the New York Times, Hartford Courant, Wall Street Journal Law Blog and the Hartford Business Journal. He focuses his practice on Connecticut Personal Injury law. He loves what he does. Contact him ryan@cttrialfirm.com or 860 471 8333

Call Now Button