Lilah Dunn, Author at Northeast Law Center

So You Want to Buy a Business? 8 Things to Consider When Buying A Business In Whole

When purchasing a business, the buyer has two options: purchase the business in its entirety or purchase only selected assets of the business. Buying the whole business can be very different from buying only selected assets. In a whole-business purchase, the buyer may be stepping into the company name, goodwill, customer relationships, contracts, employees, accounts, licenses, history, and in many cases, the liabilities that come with the existing business.

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Legal Considerations for Short-Term Rentals: Airbnb and Beyond

For years, Connecticut took a largely hands-off approach to short-term rentals at the state level. That began to change in 2024, when the legislature passed Public Act 24-143, a law that explicitly authorizes municipalities, by vote of their legislative bodies, to adopt local ordinances regulating the operation of short-term rental properties, including requiring their licensure. The law took effect on October 1, 2024.