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In Stamford, Connecticut, commercial short sales represent a significant aspect of property transactions when borrowers fall behind on debt obligations. These transactions involve the sale of commercial property for less than the balance owed on the mortgage. For creditors, short sales present both opportunities and challenges.

At the Law Offices of Peter V Lathouris LLC, we help clients make confident, informed decisions throughout all stages of real estate transactions. One of the more powerful tools in real estate law is the 1031 exchange, which allows property owners to defer capital gains taxes when exchanging like-kind properties.

When you’re exploring property investment in Connecticut, structuring your LLC is one of the most critical steps you can take to minimize personal liability.

Having reliable legal support is essential for addressing contractual obligations, employment matters, and regulatory compliance. Businesses that engage outside general counsel gain ongoing legal oversight without the expense of an in-house attorney.

Eviction is a legal process through which a landlord removes a tenant from a rental property, usually due to non-payment of rent or violation of the lease agreement. However, tenants in Stamford, Connecticut, and nearby areas have certain rights to protect them from unlawful eviction. Understanding these rights is crucial.

Creating a business succession plan involves careful consideration, especially when it comes to legal documentation. When you’re dealing with business law in Connecticut, state-specific laws shape the process, and understanding these requirements is critical for a smooth transition.

The concept of due diligence itself is derived from the principle of reasonable care and precaution. In commercial property transactions, it refers to the efforts a party (usually the buyer) takes to gather all relevant information about the property before committing to a purchase.

Running a business comes with its fair share of challenges, and one of the most frustrating can be dealing with unpaid debts. Connecticut businesses, like any others, depend on cash flow to remain operational and grow.

As a startup in Connecticut, understanding intellectual property (IP) rights is crucial for protecting your innovations, brand identity, and overall business strategy. Intellectual property encompasses various legal rights that allow creators and inventors to protect their original works, ideas, and inventions from unauthorized use or exploitation.

Business mergers and acquisitions (M&A) are intricate processes involving significant legal, financial, and operational considerations. In Connecticut, as in other jurisdictions, these transactions require careful consideration of state and federal regulations, due diligence, and strategic planning to make sure of compliance and maximize value.