When you and your business partner launched your company, you remained had high hopes and aspirations. Success would come if you worked hard, understood the changing market and relied on a little bit of luck. Well, it worked out like that for a while, but not as long...
Gregory and Adams Legal Blog
3 myths of business succession planning
Succession planning is a critical component in preserving the longevity and continued success of an organization. Business owners can identify personnel weaknesses, training needs, staffing needs and which managers should be slotted into expanded positions....
What to look for when taking on a business partner
As a skilled businessperson who understands markets, the need to be a visionary and relationship builder as well as how to succeed and knowing when to fold, you are used to calculated risks. You see solid growth on the horizon for your company, and, now, you consider...
Remedies to help resolve zoning issues
Zoning laws can be the bane of both residential homeowners and commercial property owners alike. Whether you want to build an additional structure on your lot or are looking to expand the footprint of your business, you’re likely to run into some type of friction with...
Protecting your business from a CUTPA claim
In general, Connecticut is a great state for a business. The workforce is generally well educated and reliable and there are numerous growth opportunities. In fact, US News has ranked us as a top ten state for businesses. However, the Connecticut Unfair Trade...
What’s the best type of formation for your business?
If you’re starting a new business, you’ve probably realized that you have to become well-versed in an incredible number of subjects now that you may have no experience in. You’re starting your business because you have an excellent idea for a product or service, so...
Business succession planning in 2021: Two tips
If your business does not have a succession plan in place, you are not alone. Recent estimates find less than 55% percent of businesses are training a successor and 39% have no viable candidates for the role. Unfortunately, this lack of proper preparation for the...
Some Essentials for a Successful Business Succession.
Business owners are wise to actively plan for the transition of business ownership from the current owner to the next. But what does this mean? Although the exact answer should be different for each business, there are some generalities that hold true across the...
EPA lawsuit over dredge site a win for local harbors
The issue of where to dispose of dredged materials can lead to controversy. A failure to find an appropriate location can result in damage to the environment. Recently, the state of New York filed suit against the Environmental Protection Agency (EPA) and the...
SCOTUS gives energy companies a big win in development case
The Supreme Court of the United States (SCOTUS) recently agreed to hear an important case questioning environmental law. The case, although important, was likely overshadowed by SCOTUS’s other holdings. It was a busy session, and the same week the court released this...