Author Archives: Paul H. Begemann

ENFORCEMENT OF AUTOMATIC RENEWAL CLAUSES IN CONNECTICUT CONTRACTS

Many individuals are not aware that in Connecticut there are various laws designed to protect a consumer from the enforcement of certain contract terms. One situation where a consumer may face a risk from the enforcement of unreasonable contract terms is regarding automatic contract renewals. Often a consumer will agree to a contract for a… Read More »

TIME TO CONSIDER REFINANCING YOUR HOME MORTGAGE?

According to recent news reports, interest rates on home mortgages have dropped down to their lowest rates in the past year (See More).  In addition, home values have generally been rising. These two factors may mean that it is a good time to investigate the benefits of refinancing your home mortgage. A refinance involves getting… Read More »

WHAT DOES “TIME IS OF THE ESSENCE” MEAN IN A CONTRACT?

Most written agreements have dates for the performance of certain obligations. For instance in an agreement to buy a home, there will be a closing date. What happens if that date arrives, and the closing is not held? Is the delaying party automatically in breach of contract? Many people would be surprised to learn that… Read More »

WHAT IS “COTTAGE FOOD,” AND IS IT ALLOWED IN CONNECTICUT

You may have never heard of the term “cottage food,” but I am sure you have heard of a home-based business.  Cottage food is the term now applied to the idea of using your home kitchen to make food products for sale to the public.  Many people have culinary skills, and want to start their… Read More »

DONATING TO CHARITY?

Do Your Homework First! As the year end nears, many people start thinking about their taxes and charitable contributions. In fact, Tuesday, November 27, 2018 has been designated as #GivingTuesday, a global day of giving. Donations to a charity recognized under Section 501(c)(3) of the Internal Revenue Code are tax deductible for most taxpayers. Americans… Read More »

WHAT ARE OPPORTUNITY ZONES?

Part of the tax overhaul bill passed by Congress in 2017 includes a new community development program to encourage investments in lower-income communities. Each state, including Connecticut, was able to select certain areas as “Opportunity Zones.”  Connecticut designated 72 areas as Opportunity Zones.  The Opportunity Zones in our area include certain census tracts in New… Read More »

NEW CREDIT FREEZE AND IDENTITY THEFT LAWS IN CONNECTICUT

Unfortunately, credit breaches have become routine with major companies. Large repositories of information such as Anthem in 2015 and Equifax in 2017 (which alone involved over 143 million people) have suffered data breaches, along with many other small and large companies.  Identity theft continues to be a major problem and a major concern for many… Read More »

RUNNING BAMBOO – A Potential Liability for Connecticut Homeowners

“Running bamboo” is a specific type of bamboo plant which has a tendency to spread well beyond where it was originally planted. Running bamboo is sold and planted in Connecticut as an ornamental garden plant and due to its rapid growth and spreading properties, frequently used as a hedge or border plant.  Unfortunately, the properties… Read More »

BUYING A BUSINESS

What is involved with a purchase of an existing small business? This blog post will discuss some basic points to consider. Structure of the Purchase: Most small business purchases are actually what are known as asset purchases.  In an asset purchase, the buyer purchases certain tangible assets, which are physical assets such as inventory, furnishings,… Read More »

LOW DOWN PAYMENT MORTGAGE OPTIONS FOR YOUR HOME PURCHASE

Purchasing a home, especially as a first-time home buyer, can be overwhelming. This is especially true when it comes to considering how to finance your dream home.  Unless you are one of the lucky few who can pay cash, purchasing a home requires obtaining a mortgage loan.  There are numerous options for mortgage financing. Traditionally,… Read More »

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