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Legal Aspects of Doing Business in North America - 2nd Edition - Loose leaf
Legal Aspects of Doing Business in North America - 2nd Edition - Electronic
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Introduction
Connecticut is a small Northeastern state (13,000 square kilometers) located
between New York City and Boston. It is widely acknowledged to have one of
the most attractive living environments in the United States, with a temperate
four-season climate and a long coast (376 kilometers) on Long Island Sound.
Over 60 per cent of the state is forested, rolling countryside, and is still open
land. In addition, the state has some of the best public school systems in the
United States, together with many of the nation’s leading private schools and
colleges, including Yale University in New Haven, Wesleyan University in
Middletown, Trinity College in Hartford, and Connecticut College in New
London. Connecticut’s per capita income is one of the highest in the United
States.
Connecticut is also known for its healthy business climate. It has a high
concentration of precision metal, electrical and non-electrical machinery,
instruments, specialty chemicals, cosmetics and pharmaceutical businesses,
insurance companies, and major corporate headquarters. The workforce is well
educated and highly skilled, and the state has an excellent system of highways,
railroads, and airports, with fast access to New York City and its international
and domestic airports. Traditionally, Connecticut’s economy has included a
number of defense contractors. Increasingly, these contractors have sought to
diversify into non-defense products. The state has also attracted a large number
of ‘high-tech’ firms, from research and development centers for multinational
pharmaceutical companies to smaller, start-up development companies with
connections to the state’s excellent universities and research hospitals.
This chapter summarizes the basic state laws and legal issues applicable to a
foreign enterprise doing business in Connecticut. Although business entities and
commercial transactions are regulated primarily by the states under the system
of government in the United States, it is essential to remember that national laws
enacted by the Federal Government (especially the federal tax, securities, and
antitrust laws) apply to all United States business transactions. The following
materials do not cover federal laws and regulations.1
Connecticut
Introduction
Government and Courts
State Assistance of Foreign Enterprises
The Non-United States Enterprise in Connecticut
Use of a United States Affiliate
Taxation
Labor and Employment Benefits Laws
Ownership of Land
Banks and Other Institutional Lenders
Miscellaneous State Regulatory Agencies and Laws
Conclusion
Appendix
Norman J Fleming Wiggin & Dana New Haven, Connecticut, United States
