Selling a Business in Connecticut

Find the right Selling a Business attorney in Newington, 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. However, selling a business is rarely a simple affair. Parties to the purchase of a business must comply with Federal and Connecticut laws that govern mergers, acquisitions, negotiations and securities exchanges.

How Do I Sell a Business?

Obviously, the first step in selling a business is to either receive an offer or solicit one. In Newington, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. During this process, the financial records must be updated and prepared in strict accordance with Connecticut and Federal law. The reliability of these methods is necessary in determining 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. A party seeking to purchase a Newington business may not be concerned with all aspects of the company. In fact, purchasers are typically 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. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the beginning for each party to make plain their intentions and concerns.

How Can an Attorney Help?

Parties who want to sell businesses must meet the requirements of Connecticut law. Ensuring that the sale is proper is much simpler with the advice of a local attorney practicing in Newington.

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Life in Newington

Newington is a town in Hartford County, Connecticut. Its population is currently estimated to be about 30,000 people.

Newington is well-known for its natural scenery, and is home to many parks, ponds, and streams, providing ample opportunities for outdoor recreation. It is home to Mill Pond Falls, a waterfall with the distinctionof being the smallest natural waterfall in the U.S., being about 16 feet high.

Newington is bordered by Hartford, the capital of Connecticut, and one of its largest cities. Because state governments tend to employ a large number of people, in a wide variety of fields, Newington is a very good place to live for people who work in or around Hartford. It allows them to enjoy the trappings of a small town in a semi-rural setting, while still having easy access to the amenities and economic opportunity that a larger city provides.

The legal community of Newington, Connecticut is very competent and attentive to its clients. Newington, Connecticut lawyers, or lawyers who work nearby, can handle just about any legal problem that they might be faced with. If you need any type of legal help, you shouldn't hesitate to contact a Newington, Connecticut lawyer today.

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