Community Corner

Danbury Attorney Helps Educate Community On Business Law

Recent changes to the state's business laws could have serious consequences for Danbury LLCs and other businesses.

(Housatonic Media Services)

From Housatonic Media Services: Recent changes to the state’s business laws, particularly those involving Limited Liability Companies, could have serious consequences for local businesses if not addressed.

Danbury attorney Hillel Goldman, who has been practicing business law for over 25 years, discussed the topic during a lecture series he spearheaded designed to help entrepreneurs and business leaders better understand how the new LLC laws and other laws impact their companies.

“Business law is changing today in so many ways,” said Goldman, who helped draft the new Connecticut Uniform Limited Liability Company Act. “These changes impact both new and well-established businesses. Something as simple as not having an updated operating agreement could have serious repercussions for your business.”

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The free series began in April on topics including underutilized Small Business Administration 504 loans, how to protect company trade secrets, buying and selling a business and the issues involved in more complex mergers and acquisitions. The series was organized by the Greater Danbury Chamber of Commerce, the Connecticut Small Business Development Center and SCORE.

“I value Hillel Goldman’s efforts getting the word out about changes affecting businesses of all sizes,” said Nelson Merchan, a Business Advisor with the development center. “We recognized the need to have business workshops on these very relevant issues and were happy to help organize the series.”

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Goldman is seeking other business leaders in the community who would like to take part in the next installment of the lecture series.

“We would love to be involved in another series,” said P.J Prunty, Executive Director of the Greater Danbury Chamber of Commerce. “We received a great response from our members for the first series. What I felt was most valuable for our members was the ability to engage the panelists. Especially on important issues including 504 loans that could be beneficial for many businesses who need more capital.”