Business Law in Connecticut

Connecticut LLC formation costs $120 with an annual report fee of $80. Attorney fees range $1,500-$3,500. Connecticut has a 7.5% corporate income tax plus a 5% surtax on businesses with income over $100 million. Fairfield County's hedge fund and financial services industry creates demand for sophisticated business legal services. Connecticut's insurance industry (Hartford is the "Insurance Capital of the World") generates significant regulatory compliance work. Non-compete agreements are enforceable under reasonableness standards.