How Long Do I Have to Sue Over a Broken Contract in Connecticut? Connecticut law generally and clearly gives a business or individual a full six years from the date of the alleged breach to file a lawsuit in court, whether the underlying agreement was formally written or purely oral in nature. A Connecticut contract dispute…
Connecticut business owners who formed an LLC before this particular major statutory overhaul may currently be operating under an agreement that contains provisions the current law no longer recognizes at all. Understanding what changed, and what the current legal rules actually require, protects a business from relying on outdated assumptions that could create real problems…
A Mistake Many Small Businesses Make Early On Many New Haven businesses start with informal agreements between founders, partners, or early clients, trusting that a good relationship will carry the arrangement through disputes. This approach frequently works fine until it genuinely does not, at which point the absence of clear documentation can cost a business…
Filing for bankruptcy does not automatically mean losing your home. Connecticut’s homestead exemption protects a significant amount of home equity, and a 2021 law made that protection considerably larger than it used to be. What Is Connecticut’s Current Homestead Exemption? Under Connecticut General Statutes Section 52-352b, a debtor filing bankruptcy can exempt up to $250,000…
Filing a certificate of organization with the state feels like the finish line, but a Connecticut LLC that stops there often leaves its owner more exposed than they realize. Real liability protection depends on several steps most new business owners never hear about. The Filing That Officially Creates The LLC Under Connecticut General Statutes Section…
How to Do a Business Divorce Like marriages, many business partnerships do not last forever. Sometimes it is because one partner failed to hold up their end of the deal, and sometimes it is because the partners’ interests diverge over time. At the end of the day though it does not really matter – they…
The Steps to Remember When Forming a New Business Venture What are the steps in forming a new venture in Connecticut? It begins with developing a business plan and bringing together a group of advisors that can guide you on the best structure and ownership plan in respect to the new business. Then obviously you…
Can I Operate a Business Under More than One Name? I’m often asked whether you can operate your business under more than one name in Connecticut. You can, it’s called ‘doing business as’ or trade name. In Connecticut, this can be achieved by locally filing a Doing Business As Registration Form. In contrast, in New…
Connecticut Business Attorney Discusses Facts that New Businesses Should Know Are you a new business or thinking of starting a new business in Connecticut? There are a few things you should know about business formations in Connecticut. First, most people start with forming an LLC and there are several advantages to forming an LLC when…
Hartford County Business Lawyer Explains How You Can Sell Your Business As an experienced Hartford County Business Lawyer, I am often asked how someone can sell their business.. Many Issues can arise up along the way. It is best to have an attorney on your side. These can include tax planning, stock purchase, asset purchase, or drafting…