Business Law, Corporate Transactions, and Litigation Solutions
Business law is essential if you own a business. Your business likely represents a sizable portion of your assets, not to mention a significant investment of capital, time, and sweat equity. The Northeast Law Center is a group of business law attorneys in Windham, CT who can help you maximize and protect the value of the business and your personal estate to also protect your family.
We assist companies throughout Northeast Connecticut and beyond solve their problems with decades of experience in business law. Frequently, we assist with risk assessment and mitigation, operational plans and procedures, business plans to handle a variety of options, as well as entity formation and succession planning.
Another aspect of our business law practice is corporate transactions for buying, selling, managing and starting businesses. In addition to providing legal advice for making such decisions, we also prepare corporate documents and negotiate with partners, employees, vendors, and the like on a client’s behalf. We draft and negotiate business contracts, buy/sell agreements, partnership agreements, asset purchase agreements, non-disclosure and non-competition agreements, employment agreements, and more.
Our experienced business law attorneys also provide a myriad of business services not mentioned here. The following elements of our business law practice represent just a portion of our capabilities.
Our Business Law Attorneys Customizes Legal Plans for Your Business
- Management and preservation of assets
- Liability protection strategies
- Fiduciary duties
- Structuring Buy-Sell Agreements and Rights of Refusal
- Separating ownership and control
- Entity status, Subchapter S Elections, Limited Liability Companies and Family Limited Partnerships
- Employee ownership structures
- Business and tax planning
- Asset protection planning
- Succession planning for closely-held business interests
- When and how to sell your business
- Company formation
- Choice of business entity
- Structure of business entity
- Purchase or sale of a business
- Ownership issues
- Sales and disposition of businesses
- Succession planning
Our Business Law Attorneys Customizes Documents to Protect Owners of LLCs in Connecticut
In 2017, a new statute was enacted called the Connecticut Uniform Limited Liability Company Act (CULLCA). New default provisions were included to supplement any missing provisions in an LLC’s operating agreement. If your LLC’s operating agreement predates July 17, 2017, you should contact us to review and, if necessary, revise your operating agreement.
Some family owned businesses use the LLC as a form of asset protection. Some creditors have pierced that corporate veil in pursuit of debtor judgments against members of LLCs. If your business is an LLC, it is a good idea to make certain that your LLC will protect its members from such actions. We help businesses establish agreements, operations and recording practices that protect its owners from outside claims.
Business Formation Planning to Fulfill Your Vision and Protect It
Each business is unique. There is a vision for the future of every company. When starting a business, it is essential to choose the right entity. We help entrepreneurs select and organize the entity best suited for achieving their immediate and long-term goals. Some options include sole proprietorship, partnership, incorporation, limited liability companies and more. It is critical to also protect the new company from potential threats such as frivolous lawsuits, taxes, conflicts with partners and employees, and helping a loved one access key assets should you become incapacitated or pass away suddenly.
Our Business Law Attorneys Help Companies Manage Their Day-to-Day Operations
You know how rewarding it can be to run your own business. You also know how difficult it is to keep everything operating smoothly. There are countless things to worry about, large and small, including basic legal transactions. Working with us is like having your own in-house attorney on staff. Let us handle your recurring legal matters, so you can focus on what needs your attention. Below are just some of the services we can provide:
- Applying for licenses and permits,
- Ensuring that proper managing/hiring/firing practices are utilized,
- Documenting corporate meeting minutes,
- Contracting and negotiating with vendors,
- Creating and negotiating customer contracts,
- Updating corporate and shareholder agreements,
- Submitting IRS forms, and
- Handling audits initiated by the IRS, among many more services
Ownership Succession Planning That Favors You
Determining how much you ultimately earn from your business depends on many factors, but a key factor is the manner and timing of your exit from the business. If you plan on passing your business to members of your family, you must be sure that they have the capability and desire to manage it. Or, perhaps you want to sell your business to employees or an outside party. Whatever your succession goal, we have the experience and mastery of business law to help you accomplish it in a manner that favors you to the extent possible.
Ownership Transition Can be Organized or a Mess
Many family owned businesses are dependent upon the hard work and vision of the founding member. Family owned business succession planning is a choice. The founding member can leave a proud legacy with a planned exit strategy. Or, the need can be ignored until the founding owner passes away and the business becomes embroiled in probate court. There are three main steps to successfully transferring a business: an exit plan, implementation of that plan, and the follow-through required to keep the business operating under the new owner. We help businesses with their ownership transition issues and solutions.
Business Litigation to Protect and Defend You
We have experience resolving business disputes, such as, but not limited to, disputes between partners, breaches of contract claims, and much more. Whatever is required to resolve the dispute, be it skilled negotiation or aggressive litigation, we will protect both your business and personal interests.
Let's Get Started - Reach Out to Us
We practice law in many Connecticut counties including Dayville, Hartford, New London, Tolland, Vernon and Windham. To learn more about the many elements of our business law practice and how we might help you, connect with us today by clicking here Contact Us to find the form on this website. Fill it out and send it in. Or just call us at 860.928.2429.