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’ […]
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 […]