Fraud and Financial Misconduct in Restaurant Partnerships: Legal Recourse
Fraud and Financial Misconduct in Restaurant Partnerships: Legal Recourse By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Handling Financial Mismanagement Between Restaurant Owners Introduction:Running a restaurant requires a delicate balance of creativity, management, and financial responsibility. When partners share ownership of a restaurant, each has a fiduciary duty to act in the business’s best […]
What Gray Divorcees Should Know About Maintenance — And The No. 1 Way To Help Yourself
What Gray Divorcees Should Know About Maintenance — And The No. 1 Way To Help Yourself By Adam D. Citron, Partner | Divorce and Family Law Gray divorce rates are rising. If you’re considering it, you’ll want to consider your maintenance obligations, especially if you’re simultaneously thinking about retirement. What do Bill Gates and Jeff […]
Service Charges vs. Tips: Ensuring Legal Compliance in New York Restaurants
Service Charges vs. Tips: Ensuring Legal Compliance in New York Restaurants By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Understanding the difference between service charges and tips is critical for New York restaurant owners to remain compliant with state and federal labor laws. Misclassifying these charges can lead to legal disputes, penalties, and claims […]
Overtime Compliance for New York Restaurant Owners: Avoiding Costly Legal Mistakes
Overtime Compliance for New York Restaurant Owners: Avoiding Costly Legal Mistakes By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction:Running a restaurant in New York involves managing a fast-paced, labor-intensive business—and keeping up with employment laws can be overwhelming. One of the most common legal pitfalls restaurant owners face is overtime compliance. Both federal […]
Meal and Rest Break Requirements for New York Restaurants: What Owners Need to Know
Meal and Rest Break Requirements for New York Restaurants: What Owners Need to Know By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: In the hustle of running a restaurant, it’s easy for meal breaks to slip through the cracks. However, New York law has specific requirements for giving your employees time to eat […]
Understanding Spread of Hours Pay: Compliance Guide for New York Restaurant Owners
Understanding Spread of Hours Pay: Compliance Guide for New York Restaurant Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction:Long days and double shifts are common in the restaurant business. As a New York restaurant owner, it’s crucial to understand the “spread of hours” rule – a unique state requirement that can catch […]
Tip Pooling and Tip Credit Compliance: A Guide for New York Restaurant Owners
Tip Pooling and Tip Credit Compliance: A Guide for New York Restaurant Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Tip Pooling and Tip Credit Compliance: A Guide for New York Restaurant Owners New York restaurant owners must navigate complex tip pooling and tip credit regulations to ensure compliance with federal and state […]
Navigating Alimony and Child Support Obligations for Restaurants Owners
Navigating Alimony and Child Support Obligations for Restaurant Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: For restaurant owners, divorce brings a unique set of challenges—especially when it comes to financial obligations like alimony and child support. Unlike salaried employees with predictable income, restaurant owners often deal with fluctuating revenue, seasonal earnings, […]
Business Valuation Methods for Restaurants in Divorce Settlements
Business Valuation Methods for Restaurants in Divorce Settlements By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: Divorce is challenging for any business owner, but for restaurant owners, it presents unique complexities—especially when determining the value of the business. A restaurant’s worth isn’t just about profits; it also includes tangible assets, goodwill, brand reputation, […]
Managing Spousal Claims to Restaurant Business Profits in Divorce
Managing Spousal Claims to Restaurant Business Profits in Divorce By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: For restaurant owners, divorce can pose unique challenges—especially when it comes to dividing business assets and profits. Unlike other marital assets, a restaurant is often a personal passion and a critical source of income. Without proper […]
