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...
How to prepare a succession plan for your small business
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...
How to buy a franchise in Connecticut
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...
Tips to maximize the profit from selling your small business
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...
The LLC operating agreement in Connecticut explained
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...