by admin | Mar 1, 2010 | Business Transactions, Uncategorized
Many people have the preconceived notion that when incorporating their newly formed business they will derive some benefit from forming their business under Delaware law rather than that of their own state. When it comes to incorporating, new business owners seem to...
by admin | Feb 12, 2010 | Business Transactions, Uncategorized
What is a Buy-Sell Agreement? A Buy-Sell Agreement (also known as a Buyout Agreement) is a binding contract between two or more owners of a business that sets forth what will happen if one of the owners dies, chooses to leave the business, or is forced to leave the...
by admin | Jan 27, 2010 | Business Transactions
Seller/Owner financing. When a business is sold, it increasingly is common for the Seller to take back what is referred to as “Seller/Owner financing”. This means that part of the purchase price for the business will not be paid in cash at the closing; rather, it will...
by admin | Jul 5, 2009 | Business Transactions
What is a Severance Agreement? In the absence of a contract that obligates an employer to provide benefits beyond COBRA health coverage to a terminated employee, there is no legal obligation for most employers to do so. Nevertheless, many employers voluntarily choose...
by admin | Jan 4, 2009 | Business Transactions
The importance of being licensed. If your business requires licensing by a State agency, treat the requirement seriously. In Connecticut, many trades and professions are licensed through the Department of Consumer Protection. A few examples of businesses that require...
by admin | Jul 27, 2008 | Business Transactions
Maintain your liability insurance. An important reason for creating a business entity is to protect the owner from personal liability for claims arising out of the conduct of the business. Although this works in most instances, one area in which the owner continues to...
