What are the Differences Between a C and an S Corporation? As a Hartford County, Connecticut Business Lawyer I get asked, what is the difference between a C Corporation and a S Corporation? A C Corporation is on a default tax treatment by the IRS. In those circumstances, the corporation will be taxed and then…
What If I’m Considering Selling My Business in Connecticut? If you’re considering selling your Connecticut business you may be asking why do I need a lawyer involved? You want a team including a lawyer to work with you every step of the way. There are a number of issues that can come up. Generally these…
Are There Any Benefits to a Connecticut LLC? There are a number of advantages to forming a Connecticut LLC when you start your own business as opposed to a Connecticut corporation. The Limited Liability Company Form is very flexible. It can be utilized to really operate your business as a partnership with a member-managed LLC…
The Differences Between an Asset and a Stock Purchase? As a Hartford County, Connecticut Business Lawyer I get asked, what are the differences between a stock purchase and an asset purchase transaction? In a stock purchase transaction, you’re identifying the specific assets or parts of a business that you’re acquiring from another firm. These can…
What are the Advantages of a Corporation vs an LLC? I’m often asked as a Hartford County, Connecticut Business Lawyer, what are the advantages of setting up a Connecticut corporation? One of the advantages is the free transferability of the shares in the company. Another advantage is the limits on liability that shareholders have. Another…
How Should I Purchase an Existing Business? One option when setting up a new business in Connecticut is obviously acquiring an existing business. In this process, you want to have a team on your side. This should include a lawyer that is with you every step of the way. One of the key aspects of…
How does a Connecticut corporation actually get formed? First, a Certificate of Incorporation is filed with the Secretary of State. Then there is a meeting of the initial shareholders of the corporation with the incorporator whereby the bylaws of the corporation are adopted. These do not need to be filed with the Secretary of…