Selling a Business in Connecticut

Find the right Selling a Business attorney in Stratford, 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 Stratford, 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. Typically 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 can also controls what is done with business property. The right of control can be separated easily from the business, and this often leads the buyers in Stratford to be less interested in other rights within the company. In fact, buyers often leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. Negotiations during the sales process are essential, and they should be used as an opportunity to voice fully each party's 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 Stratford.

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Life in Stratford

With a population of about 50,000 people, Stratford is a relatively large town located in Fairfield County, Connecticut. It is also one of the oldest American cities, as it was founded all the way back in the year 1639. The town initially began as an utopian-style Puritan community. Eventually it changed to a more traditional colonial-style settlement. Today it continues to thrive as an excellent place for residence and business.

Stratford is probably best known for its historical heritage in military operations, in particular military aviation. One of the world's first commercial helicopters was developed in the city. Further, both Stratford Army Engine Plant and Silkorsky Aircraft are headquartered in Stratford. Residents and tourists take regular visits to the city's National Helicopter Museum.

Another defining mark of the city of Stratford is its presence in the theater and production industry. For many years Stratford's American Shakespeare Theatre was home to many Shakespearean productions and actor's performances. The theatre hosted such outstanding actors as Katharine Hepburn and Paul Newman.

Stratford lawyers assist their clients by filing at the Connecticut Superior Court located in Bridgepoint near Stratford. More advanced claims are heard at the Connecticut Appellate Court or Supreme Court, both located nearby in Hartford. Lawyers in Stratford, Connecticut typically hear a diverse array of legal claims.

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