Business Succession Planning for Restaurant Owners: Protecting Your Legacy
Business Succession Planning for Restaurant Owners: Protecting Your Legacy By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law For restaurant owners, business succession planning is crucial to ensuring a smooth transition of ownership while protecting the legacy of their establishment. Whether the goal is to pass the restaurant to family, sell to a trusted partner, […]
How to Handle a Business Divorce Between Restaurant Partners
How to Handle a Business Divorce Between Restaurant Partners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: Just like personal relationships, business partnerships can sometimes come to an end. For restaurant owners, parting ways with a business partner—often referred to as a business divorce—can be an emotional and financially complex process. Disagreements over […]
Preparing for Divorce: Essential Steps for Restaurant Owners Facing an Inevitable Split
Preparing for Divorce: Essential Steps for Restaurant Owners Facing an Inevitable Split By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: Divorce can be one of the most challenging experiences a person faces—emotionally, personally, and financially. For restaurant owners, the complications extend beyond personal matters and into the heart of the business they’ve built. […]
How Non-Reporting Income Affects Restaurant Divorce Settlements
How Non-Reporting Income Affects Restaurant Divorce Settlements By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law For restaurant owners going through a divorce, one of the most contentious financial issues can be non-reporting income, particularly cash earnings. Courts require full financial disclosure, and failure to accurately report income can lead to legal consequences, unfavorable settlements, […]
Buyout Agreements: Protecting Your Interest in a Restaurant Business
Buyout Agreements: Protecting Your Interest in a Restaurant Business By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Owning a restaurant with partners can be rewarding, but it also comes with challenges—especially when one partner wants to leave the business. A well-structured buyout agreement is essential to ensure a smooth transition and protect all parties’ […]
The Role of Buy-Sell Agreements in Preventing Ownership Disputes
The Role of Buy-Sell Agreements in Preventing Ownership Disputes By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: In the high-pressure world of restaurant ownership, partnerships can be as delicate as they are rewarding. When business owners don’t plan for the unexpected—whether that’s a partner’s departure, illness, or disagreement—disputes can arise that jeopardize the […]
Resolving Deadlocks: What Happens When Restaurant Owners Disagree?
Resolving Deadlocks: What Happens When Restaurant Owners Disagree? By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: Running a restaurant with business partners can be rewarding, but even the strongest partnerships face moments of disagreement. When those disagreements escalate into a deadlock—where neither party can move forward—it can jeopardize not only the partnership but […]
Comprehensive Asset Protection Strategies for New York Restaurant Owners: Shielding Against Wage and Hour Liability and Beyond
Comprehensive Asset Protection Strategies for New York Restaurant Owners: Shielding Against Wage and Hour Liability and Beyond By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: As a restaurant owner in New York, you face complex financial and legal challenges that go beyond typical business risks. Along with operational responsibilities, you are personally exposed […]
Resolving Partnership Disputes in Restaurants: Key Legal Considerations
Resolving Partnership Disputes in Restaurants: Key Legal Considerations By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Partnership disputes are common in the restaurant industry, where high-stress environments, financial pressures, and differing business visions can create tension between partners. If not handled properly, these disputes can disrupt operations, damage the restaurant’s reputation, and even lead […]
Restrictive Covenants in Restaurant Ownership Agreements: Enforceability in New York
Restrictive Covenants in Restaurant Ownership Agreements: Enforceability in New York By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Restrictive covenants are critical in restaurant ownership agreements to protect business interests, prevent unfair competition, and safeguard proprietary information. However, in New York, courts scrutinize these clauses to ensure they are reasonable and enforceable. Restaurant owners […]