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Partnership Mistakes and How to Avoid Them
Nearly anyone who has been in business either knows of or at least has heard of the pitfalls of partnerships. However, a lot of people don’t know that you can be partners with someone and not even...
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5 Ways to Avoid Costs of Acquiring Restaurants
All too often the margins of restaurant acquisition require stringent cost control. To help, here are five things to keep those costs low when considering the purchase of a restaurant: 1. Assemble...
View ArticleTo Partner Or Not To Partner: Top Things To Consider Before Bringing On A...
Many of my clients think that partners and shared ownership are great. They are right, to a point, but there are often times that partners are more a pain than a benefit. With that in mind, I thought...
View Article5 Top Strategies For Protecting Your Restaurant And Personal Assets
How safe are the assets in your restaurants? Are you personally liable for your restaurant’s liabilities? These are two of the most common questions we get from our restaurant owner clients, so we...
View ArticleThe Absolutely Essential Issues In A Restaurant Lease
Leasing is a big issue for restaurants. Almost all restaurants at least start out leasing their space. Often, restaurants are required to lease their space to capture the prime locations of a given...
View ArticleHow To Avoid Taxes From Your Restaurant LLC
For years, I have recommended that all restaurants should be operated as limited liability companies – that is no more! Recent tax changes have now made LLCs much less attractive. Instead, we now...
View ArticleHow To Deal With Restaurant Partner Disputes
There are many motivations for restaurant creation and investment. However, these different desires can lead to conflict, so how are restaurant operators, owners, and investors supposed to resolve...
View ArticleTop Ten Tax Mistakes for Restaurant Owners
We all know how important restaurant taxes are to restaurant owners. Last week, our own tax counsel, David Gair, outlined his Top Ten Tax Mistakes for Restaurant Owner on TexasTaxTalk.com, so...
View ArticleThe Top 7 Things To Consider Before Buying A Restaurant
There are so many things to consider when buying a restaurant that we decided to break that list down to just seven issues. If you only look at these issues, you should avoid most of the big hazards...
View ArticleWhat’s The Best Way To Pass On A Restaurant At Death?
Most restaurant owners want to provide for their families when they die and protect their assets from liability. However, there are issues if the owner just conveys the real estate in a Will. To avoid...
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