A commentator in a recent legal article on a key business agreement terms that contract "foundational" and, indeed, it is hard to view it as being anything other than that.
In the complex and nuanced American commercial world, there are a number of business forms that might be reasonably considered by creative entrepreneurs scouting for the optimal model to guide a start-up enterprise.
Entrepreneurial drive is something that is arguably -- at least figuratively -- in the core DNA of many Americans, with the country having long been defined and known globally for its pioneering spirit.
Can you learn from the failures of others?
The adage, "Misery loves company" would seem to solidly apply to the owners of nearly a dozen Wallingford liquor stores, given their recent ensnaring in an undercover police scheme focused on ID checks.
Although this might not be true, it certainly seems to be the case that most of what features in news articles and reports about businesses in Connecticut and nationally centers on growth, opportunities and profitability rather than on demise and, ultimately, dissolution.
Choosing the wrong legal structure for your business may put your personal assets at risk or result in unintended tax consequences. Consequently, it is important to consult with a business law firm to choose the legal structure that is appropriate for your business and personal needs.
As a proven business entrepreneur in Connecticut or elsewhere, you likely have a checklist of traits that closely define you.
Most readers of our New Haven business and commercial legal blog at Berdon, Young & Margolis, PC, likely know intuitively -- if not from personal experience -- that some quite singular variables exist relevant to the purchase/sale of any Connecticut business that sells alcohol.
Even lay persons and business principals who are not even remotely involved with the liquor industry in any capacity in Connecticut or elsewhere across the country likely have some appreciation for just how complex and closely regulated it is.