90 Days Before Filing: A Pre-Bankruptcy Planning Checklist for New York Restaurant Owners
90 Days Before Filing: A Pre-Bankruptcy Planning Checklist for New York Restaurant Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Most restaurant bankruptcies are won or lost before the case is ever filed. The 90 days leading up to a filing are critical for New York restaurant owners: the moves you make (or […]
Subchapter V for Restaurants: A Streamlined Chapter 11 Option for New York Owners
Subchapter V for Restaurants: A Streamlined Chapter 11 Option for New York Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Traditional Chapter 11 can feel out of reach for many independent and small‑group New York restaurants: it’s complex, time‑consuming, and expensive. Subchapter V, a relatively new part of Chapter 11, was designed to […]
Buyout Options for Divorcing Restaurant Owners
Buyout Options for Divorcing Restaurant Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: Divorce can be especially complicated for restaurant owners, as it often involves not just dividing personal assets but also making tough decisions about the future of the business. When one spouse is entitled to a share of the restaurant, […]
Protecting Your Restaurant’s Future: Estate Planning Considerations During Divorce
Protecting Your Restaurant’s Future: Estate Planning Considerations During Divorce By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: For restaurant owners, divorce isn’t just about dividing assets—it’s about protecting the legacy you’ve built and ensuring the future of your business remains secure. Amidst the emotional and financial challenges of a divorce, estate planning often […]
Estate Planning Essentials for NYC Restaurant Owners
Estate Planning Essentials for NYC Restaurant Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Running a restaurant in New York City is demanding, but planning for the future is just as crucial as daily operations. Without a solid estate plan, a restaurant owner risks legal disputes, unnecessary taxes, and business instability in case […]
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’ […]