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Connecticut business concerns: long-term issue or temporary blip?

“People doing business know how complex it is.”

We make that remark on our website at the long-established Connecticut commercial law firm of Berdon, Young & Margolis in New Haven. Although legions of pundits and industry commentators routinely weigh in with dense and broad-based data points regarding commercial ups and down, their views often coalesce around this single reality: The business realm is just a complicated arena.

What is the mandate of Connecticut’s new manufacturing chief?

First it was an ex-Goldman Sachs principal. A former aerospace executive was added to the mix late last month.

Both those individuals now vow to make material changes to Connecticut’s vitally important manufacturing sector. A recent Hartford Courant article describes that commercial sphere as “doing well, but stunted as it struggles to find workers.”

Can I demand to see my grandkids as a Connecticut grandparent?

The answer to today’s blog headline query posed above is simple enough. If you are a Connecticut grandparent, you can demand access to your grandchildren via a court petition.

That response immediately begs this question, though: Will visitation automatically be judicially endorsed?

Why millennials are not buying homes

Purchasing a home is part of achieving the American dream. Not only does a house provide a comfortable place to return at the end of a hard day’s work, but it is also an essential component of retirement planning. Still, millennials are not purchasing homes at the same rate their parents and grandparents did. 

Why are younger Americans opting to rent instead of buy? According to experts, the answer is not as clear-cut as you may think. Here are a few reasons: 

What is the current state of Connecticut’s manufacturing sector?

Good and bad. Up and down. Two steps forward and, well … .

We know that Connecticut readers of our business law blogs at the proven law firm of Berdon, Young & Margolis in New Haven can readily grasp from the opening paragraph in today’s entry where we’re headed with the subject matter.

Industry commentators weigh in on Connecticut business sphere

The publication Hartford Business Journal makes a telling comment in a recent article spotlighting the commercial sector in Connecticut and nationally. It centrally notes that industry moves by uber-sized businesses like Amazon, Apple and Walmart garner most of the business ink, but that it is really the country’s small companies that primarily drive economic growth.

Take Connecticut, for instance. Reportedly, the U.S. Small Business Administration considers a near-stunning 99.4% of all companies operating in the state to be “small” enterprises. That underscores that, while the gigantic rumblings of an entity like Amazon are certainly important, so too are the moves made by mom-and-pop operations, family businesses, closely held entities and myriad startups.

What do experts say about the U.S. real estate market?

Real estate in Connecticut and nationally is a complex topic, being marked with both challenges and opportunities.

That has always been true, of course, given the sheer expanse of the United States, its people-on-the-go nature and an American reality grounded by constant reinvention and evolution.

Valuing a business for divorce purposes

Starting and growing a small business is often an effective way to secure financial freedom. If you started your business during a marriage that is now on the rocks, though, you may wonder what happens to your venture after the divorce. 

If you contemplate leaving your spouse, you have a variety of things to consider. Likely near the top of your list of considerations is your business. Because judges in Connecticut divide property based on what is equitable, you may have to either sell your business and split its proceeds with your spouse or buy out your partner. Either way, you need to know how much your business is worth. There are two common ways to come up with a number: 

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