Selling a Business in Connecticut

Find the right Selling a Business attorney in Naugatuck, 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 Naugatuck 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 essential and will help determine the proper value for the rights you are selling. As an agreement for the purchase is reached, typically 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. Because the right of control is separable, the buyer of a business in Naugatuck may not be interested in other rights within the company. Actually, control is typically cheaper to purchase without other rights such as the right to future earnings. Sometimes buyers negotiate to allow those right to remain with the seller. Because of the wide variety of different concerns buyers may have, negotiations are vital. Each party should voice their intents and concerns during this process.

How Can an Attorney Help?

The advice of a local attorney practicing in Naugatuck will make it much easier to ensure the sale of your business is in compliance with Connecticut law.

Talk to a Business Law Attorney now!

Life in Naugatuck

With a population of 30,989 (according to the 2000 census), Naugatuck, Connecticut is a sizeable town located spanning on both sides of the Naugatuck River in New Haven County, Connecticut. Of course, being that close to water on both sides, has created some flooding problems for the city. Originally established as a farming community, Naugatuck has grown to incorporate many other industries since it's 1701 inception. One company of interest is H. Barber and Sons, which designs beach rakes and has become the largest business of its type in the world. Naugatuck is also the manufacturing home to Peter Paul, a division of Hershey Foods that produces Almond Joy and Mounds candy bars. Notable current and former residents of Naugatick include Charles Goodyear and baseball player Frank Shea. Quality of life is good for the residents that refer to their home as "Naugy" and there are many fairs and other activities that connect the city. Naugatuck also has an unique approach to government, as it is the only consolidated town and borough in the state of Connecticut. Lawyers in Naugatuck also help improve the quality of life for their fellow citizen. Naigtuck lawyers are skilled in a range of specialties and truly enjoy their craft. Whatever legal issue their fellow Naugy may find themselves confronted with, a Naigtuck lawyer is there to help!

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA