Category Archives: Business

KNOW WHEN IT’S TIME TO ASK FOR HELP

Although I am an attorney, I have always enjoyed tinkering with manual labor trades. Thanks to my late father, I have a pretty expansive working knowledge of painting, carpentry, plumbing, electrical, sheet rocking, taping and many other fields. Although he was very mechanically inclined, he never did any of his own car repairs. I do…. 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 »

COMMERCIAL LEASES – Important Considerations For Tenants

For many small business owners, one of the first major transactions as they grow or transition from a home-based business is signing a lease as a tenant for commercial space for their growing business. All too often, a new commercial tenant will not scrutinize the proposed lease as carefully as they should before signing it,… Read More »

CAN CONNECTICUT EMPLOYERS REQUIRE EMPLOYEES TO WORK OVERTIME?

Yes. An employer may require employees to work more than 40 hours in one calendar week as long as the employer pays the employee overtime compensation (1 ½ times the employee’s regular rate) for all hours worked over 40. It does not matter if the days on which the hours are worked are Saturdays, Sundays… Read More »

DO I NEED A MUNICIPAL SEARCH OR A BUILDING DEPARTMENT SEARCH WHEN PURCHASING A HOME?

When purchasing a home, it is always necessary to have a title search performed of the town land records to verify ownership, and to insure that any existing mortgages, liens or taxes are paid, so that you receive clear title. One of the tasks of the buyer’s attorney in a residential home purchase transaction is… Read More »

HOW DO I START MY OWN BUSINESS? PART 3 OF 3

In my prior blogs on this topic (PART 1) & (PART 2), I addressed the different forms in which a business can operate including sole proprietorships, partnerships, limited liability companies (LLC) and corporations (Corp). This blog addresses more of the logistical issues that need to be addressed to operate your own business. Once you have… Read More »

HOW DO I START MY OWN BUSINESS? PART 2 OF 3

In my prior blog on this topic I addressed sole proprietorships and partnerships. In this part two of the series I will address limited liability companies (LLC) and corporations (Corp). Limited Liability Company (LLC) A limited liability company is a legal entity that is a bit of a cross between a sole proprietorship, a General… Read More »

HOW DO I START MY OWN BUSINESS? (Part 1 of 3)

One of the American dreams is to be your own boss; to run your own business. The most common forms of business are sole proprietorship, partnership, limited liability company (LLC) and corporation (Corp). These are the “entities” through which you can operate a business and there are some variations of these as well. (This topic… Read More »

CONNECTICUT IS THE LATEST STATE TO “BAN THE BOX”

Connecticut is the most recent state to “ban the box,” joining a minority of states with similar laws (thirteen and counting). Beginning January 1, 2017, Connecticut employers will be prohibited from asking questions about an employee’s prior arrests and criminal charges or convictions on an initial application form. There are two limited exceptions to Connecticut’s… Read More »

SHOULD I QUITCLAIM MY HOUSE FOR A REFINANCE OR EQUITY LINE?

It is not uncommon for a bank to require a borrower to be added to the title to the property if they are not already on it. However, transferring someone on or off title should not be taken lightly. Although the process is simple, the implications can be astronomical. How title is held to your… Read More »

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