Selling a Business in Connecticut

Find the right Selling a Business attorney in Stamford, 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. 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 initial step in selling a business is to either receive an offer or solicit one. In Stamford, 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 essential in determining the proper value for the rights you are selling. Normally a formal contract will be written as the agreement nears its conclusion. The provisions contained in the contract should present all matters discussed in a fair light, and this requires careful review by both parties.

What Will I Give Up in the Business?

In selling a business, the buyer gains a right known as "control". Control of a business entitles a party to direct its operations and it may also controls what is done with business property. A party seeking to purchase a Stamford business may not be concerned with all aspects of the company. In fact, purchasers are normally 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 start for each party to make plain 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 lawyer practicing in Stamford.

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Life in Stamford

Stamford is located in the greater New York metropolitan region, is the fourth largest city in the state and the eighth largest city in New England. It has a population of about 122,643 people.

Popular attractions primarily comprise of parks and recreational sites. Some attractions include Cummings Park, Terry Connors Ice Rink, Scalzi Park, Mill River Park, and Cove Island Park. Other popular sites to visit include the Stamford Museum and Nature Center, Barlett Arboretum and Gardens, Stamford Center for the Arts and the Stamford Symphony Orchestra.

Stamford is a diverse area with all races, including Caucasian, African-American, Asian, and Hispanic. As a result, many residents are bilingual.

Many large companies have office locations in Stamford. These companies include World Wrestling Entertainment, Tasty Bite, Pitney Bowes, UBS and the Royal Bank of Scotland. Stamford is also home to many law firms and offices which train many competent attorneys to handle any and all legal inquires.

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