Impact of Finger Lakes businesses on the New York economy

In 1976, the NYSLA passed the Farm Winery Act, which allowed NY grape growers to operate small wineries. Since then, the Finger Lakes Region has sprouted 119 wineries, accounting for more than one-third of NYS wineries. New York wineries is a $3.8 billion industry,...

A tequila “brand”?

When it comes to tequila, there are the purists and there is everyone else. (This could be said of any liquor, I suppose.) The purists of this Mexican liquor would argue that true tequila must be made by a certified process using the agave sap. (Agave is a plant in...

Buying a restaurant in New York

If you are looking to purchase a restaurant in New York, you have two options: (1) buy the sellers’ ownership shares; or (2) buy the seller’s assets. Like any choice, there are advantages and disadvantages to either option, but generally, an asset purchase is more...

NYS tax credit for microbreweries

A ruling in March 2012 concerning Massachusetts-based Shelton Brothers resulted in a huge change in New York State Liquor Authority policy that negatively impacted NY microbreweries (craft breweries producing no more than 60 million gallons of beer annually)....

ABC Law change for alcohol sale to minors

The New York State Liquor Authority has announced a change to the Alcoholic Beverage Control Law regarding the sale of alcoholic beverages to minors and the investigations of these sales. Licensees (with no prior violations in the last five years) now have two...