Blogs
Brand New Bankruptcy Options for Alcohol Producers and Restaurant and Bar Owners: You Keep Your Equity and Keep the Business Open and Operating
by evansfox | Jul 30, 2020 | Covid-19
There are some newly created options for restaurant owners if they find they can’t pay their rent, vendors, or lenders during the ongoing COVID-19 pandemic crisis. Under a new law that went into effect in February 2020, shortly before the coronavirus pandemic began —...
NY Governor announced the creation of a multi-agency task force to crack down on social distancing violations at restaurants and bars
by evansfox | Jul 28, 2020 | Covid-19
The Governor announced the creation of a multi-agency task force to crack down on social distancing violations at restaurants and bars across the state. New York State Police and State Liquor Authority will lead the effort, which will employ real time data to enhance...
Pandemic Trends are Here to Stay
by evansfox | Jul 28, 2020 | Covid-19
Industry experts predict that some of the pandemic adaptations will be permanent fixtures in the industry. While some have existed for a while, they were embraced and became the norm during the shelter at home orders. These include curbside delivery, contactless...
Owners Need to Strictly Enforce Social Distancing Orders or Face Fines or No More Indoor Dining
by evansfox | Jul 23, 2020 | Covid-19
The Governor is publicly encouraging citizens who see restaurants and bars with staff or customers not wearing masks or adhering to the social distancing mandates. The state even asks people to include photos with their anonymous complaints to the State Liquor...
Trade Organizations Working to Clarify the Latest Executive Orders
by evansfox | Jul 21, 2020 | Covid-19, Uncategorized
The New York Restaurant Association continues to work with the State Liquor Authority and Governor Cuomo’s staff to clarify the new state Executive Order that requires restaurants and bars statewide to only serve alcohol to people who are ordering food, especially to...
What are the New FTC Guidelines for Influencer Marketing?
by evansfox | Jun 25, 2020 | Tips For the Entrepreneur, Uncategorized
Guest Blogger: Emmeline Drake What Does the FTC Require of Influencers? The FTC requires the influencer to disclose any relationship they have with the brand when providing an endorsement for that brand. These relationships aren’t limited to personal or family...
Sublet Opportunity for Professional Offices in Gates (near Tinseltown)
by evansfox | Jun 11, 2020 | Tips For the Entrepreneur, TJLF in the Community
Office has a conference room, a storage room, 2 restrooms, a kitchenette with fridge and dishwasher, and 8 offices. Set up allows for shared office space between professionals with a central reception desk that has room for 3. Well maintained complex. Sublease now...
New Economic Recovery Loan from New York Forward Loan Fund (NYFLF)
by evansfox | Jun 2, 2020 | General Business, Restaurants & Bar, TJLF in the Community
The New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE. The NYFLF targets the state’s...
WHAT ARE THE OPTIONS FOR STRUCTURING A BUSINESS SALE? WHICH IS BEST?
by evansfox | Apr 21, 2020 | Buying/Selling a Business
While there are many variations and hybrids of each, there are two primary ways to structure a business sale: a bulk asset sale or a stock sale. Not all types of business are eligible for a stock sale. A sole proprietorship (‘dba”) and partnership do not issue stock...
Where are the business opportunities going to be created by the COVID pandemic?
by evansfox | Apr 16, 2020 | Buying/Selling a Business, General Business, Restaurants & Bar, Tips For the Entrepreneur
Forecasts already predict that 10-20% of businesses will fail because of the COVID shut downs. For opportunists, this may be the time to grab a great discounted deal due to someone else’s misfortune. Investors with the cash or access to credit will be able to buy and...
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