Connecticut Clauses Relating to Venture Opportunities, competition
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FAQ
Effective October 1, 2023, PAs and APRNs may not be subject to noncompete agreements with a duration of more than one year. And, like physicians, restrictions on competition must be limited to a fifteen-mile radius from the PA's or APRN's primary site of practice, as identified in the agreement.
Connecticut is a registration state, meaning it requires business opportunities to be registered with the Connecticut Department of Banking. 236 C.
Connecticut has not enacted franchise specific laws. However, the Connecticut Business Opportunity Investment Act governs the offer and sale of business opportunities in the State of Connecticut and requires that business opportunities be registered with the Connecticut Department of Banking.
Office of the Connecticut Secretary of the State Page · Government Official. ? (860) 509-6200. ? portal.ct.gov/sots.
§§ 36b-60 et seq. (the ?Business Opportunity Act?), a seller of a business opportunity must register with the State of Connecticut Department of Banking Securities and Business Investment Division (the ?Department of Banking?) before offering or selling that business opportunity in the state.
Your foreign LLC will still be considered domestic to the state or jurisdiction where it was originally formed and simply needs to register with the state of Connecticut by filing the Foreign Registration Statement.
If a non-compete is unreasonable under any one of the five parts, then it is unenforceable in Connecticut. Non-competes, then, can be too broad to be ?reasonable? and, therefore, enforceable, but they can also be enforceable in Connecticut if the courts find them to be ?reasonable.?