Selling a Business in Connecticut

Find the right Selling a Business attorney in Bridgeport, CT

Selling a business after years of work can be very profitable. Many businesses are created with the hopes that they will one day be acquired by a larger firm. The process of selling your business can be complex, however. Federal and Connecticut laws over mergers, acquisitions, negotiations and securities exchanges may be important in the transaction.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Bridgeport not only help to acquire an offer, but also lends advice about which offers are worthwhile to consider. Preparing financial records to comply with Connecticut and Federal law is crucial and will help determine the proper value for the rights you are selling. As a final step, an agreement for the purchase will be reached, usually in the form of a written contract. It should be reviewed by all parties to ensure that what was agreed upon is accurately presented.

What Will I Give Up in the Business?

Essentially, the sale of a business entails the passing of a right known as ?control?. With control of a business, a party might direct its operations and dispose of its property as it sees fit. Since buyers in Bridgeport are generally concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the outset for each party to make plain their intentions and concerns.

How Can an Attorney Help?

In selling a business, the seller must meet the requirements of Connecticut law. A local lawyer practicing in Bridgeport will be able to advise you about your particular sale.

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Life in Bridgeport

Bridgeport, Connecticut is located on the Long Island Sound and has a growing population of nearly 145,000 people. It was incorporated as a city in 1836. As a harbor city, Bridgeport, Connecticut was initially focused on the shipbuilding industry. Today it is an ideal location for business, retail, and economic development.

Bridgeport is known for being a city of "firsts". For example, it is often called the "birthplace of the Frisbee" and is home to the first Subway Restaurant. Its unique location still contributes to the growth and prosperity of the city. Bridgeport's downtown area is an excellent spot for fine dining, sports events, and theater acts, particularly at the Arena at Harboryard.

In addition, Bridgeport, Connecticut hosts a number of annual culture events. Residents and tourists enjoy visiting such attractions as the Housatonic Museum of Art, and Captain's Cove Seaport. The city's atmosphere still reflects its history as a major harbor and port center.

Lawyers in Bridgeport, Connecticut offer services in a broad range of legal fields. Many Bridgepoint lawyers belong to legal organizations such as the Greater Bridgeport Bar Association.

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