Selling a Business in Connecticut

Find the right Selling a Business attorney in Middletown, CT

Selling a business after years of work can be extremely 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 Middletown not only help to secure an offer, but also lends advice about which offers are worthwhile to consider. Preparing financial records to comply with Connecticut and Federal law is necessary and will help determine the proper value for the rights you are selling. As an agreement for the purchase is reached, usually a formal contract will be written. It is important to review such documents before they are signed so that all aspects of the agreement are presented properly.

What Will I Give Up in the Business?

The sale of a business is simply the transfer of a right known as "control". The party with control of a business directs its operations and can use the business property as it sees fit. A party seeking to purchase a Middletown business may not be concerned with all aspects of the company. In fact, purchasers are usually interested in acquiring control as cheaply as possible, and this may allow other rights, including the right to future earnings, to be apportioned or even retained by the seller. These particularities make negotiations vital, during which each party should use the opportunity to voice their intentions and concerns.

How Can an Attorney Help?

Connecticut law places certain requirements on parties selling a business. Making the sale run properly and smoothly is much easier with the advice of a local attorney practicing in Middletown.

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Life in Middletown

Middletown, Connecticut is a city in Middlesex County. Its population is about 47,000 people, according to a 2005 estimate by the U.S. Census Bureau.

The first foreign settlement of the area now known as Middletown came in 1650, by emigrants from a settlement nearby, which had been established a few years earlier. These settlers were Puritans, and during their period of influence, life was harsh. Some of this harshness was self-inflicted, in the form of extremely draconian laws, which allowed the death penalty for "crimes" such as cursing, blasphemy, and "incorrigible stubbornness of children."

During the Industrial Revolution, Middletown saw a major influx of immigrants from various parts of Europe, including Ireland, Italy, Germany, and Poland. This diversity is evidenced even today, with Middletown's various neighborhoods and ethnic restaurants (for which the city is becoming increasingly well-known), and the general cultural diversity of the city. Modernly, Middletown is a residential community, with the Middlesex Hospital being one of the largest employers.

If you live in Middletown, Connecticut, and need an attorney, you're in luck. There are many Middletown, Connecticut lawyers who can handle virtually any type of legal problem a person might have.

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