We’re (going to be) No. 1!’

Last year the General Assembly created a Commission on Connecticut’s Leadership in Corporation and Business Law (PA 14-89) and charged it with transforming Connecticut into one of the best states in the country to organize and locate a business.

Specifically, the commission will recommend policies to the legislature that will create a 10-year plan for the state to challenge and “eventually overtake Delaware as the leading state in the country for businesses and corporations to locate, incorporate, and do business,” said Rep. William Tong (D-Stamford), House chair of the Judiciary Committee.

The 17-member commission is made up of the chairs from the legislature’s Judiciary, Banks, and Commerce committees, along with the Chief Court Administrator, the state’s economic and community development commissioner, and a representative of the Connecticut Bar Association.

Other appointees to the commission are being made by the Governor and legislative leaders. 

The group is expected to examine and make recommendations on the following:

• Connecticut’s corporation statutes
• Establishing a court docket with sole jurisdiction over business entity organization, shareholders, securities and business combinations  
• How to assist the secretary of the state in implementing the nation’s best practices for business services and support.

The commission will is expected to meet by the end of February.   

For more information, contact CBIA’s Louise DiCocco at 860-244-1169 | louise.dicocco@cbia.com