A merger involves two businesses combining their operations to create one larger business. A successful manufacturer might plan a merger with a major parts supplier, for example. Two companies that compete may decide to join forces to dominate the local market....
Large, established organizations often include requirements for succession planning in certain employment contracts. Executives, company officers and managers may need to create an in-depth succession plan within a certain amount of time after accepting their...
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A company's contracts influence everything from what it must pay its workers to what costs clients must pay for their services. Organizations often invest both time and money in the development of strong contracts that adequately protect the business. Unfortunately,...
In Connecticut, selling a business can involve a lot of complexity and, in some cases, emotion. Still, you can navigate the process with careful preparation and some essential information points for guidance. When the time comes to put your business on the market, the...
Connecticut small business owners often pour their heart and soul into building their companies, but they must consider what happens when they are no longer able to lead it due to illness, death, or retirement. A succession plan is a roadmap that outlines how a...
The primary motivator for owning a franchise in Connecticut is that it allows you to go into a business for yourself but not alone. This is because you are operating under an established brand with a proven business model for success. However, like any other type of...
Connecticut entrepreneurs rightfully take pride in building small businesses, but a variety of reasons could prompt you to sell your company. Hopefully, the decision will not be made in haste. A good exit strategy can take two or three years to put together but could...
If you're looking to form an LLC in Connecticut, you'll need to familiarize yourself with the basics of the LLC operating agreement. This document is critical for setting up the rules and regulations for your LLC. LLC operating agreement in Connecticut definition An...
