Asset Protection 101 for New York Restaurant Owners with Real Estate Interests
Asset Protection 101 for New York Restaurant Owners with Real Estate Interests By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: Owning and operating a restaurant in New York comes with significant financial and legal responsibilities—especially when real estate is part of your investment portfolio. As a restaurant owner, you face unique risks that […]
Why Restaurant Owners Need Asset Protection Strategies
Why Restaurant Owners Need Asset Protection Strategies By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Running a restaurant comes with financial risks, including lawsuits, creditor claims, and unforeseen business downturns. Without proper asset protection strategies, restaurant owners may expose their personal wealth and business investments to significant liabilities. Implementing legal safeguards can help protect […]
Enforcing Operating Agreements in Restaurant LLCs: Common Pitfalls and Solutions
Enforcing Operating Agreements in Restaurant LLCs: Common Pitfalls and Solutions By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law A well-drafted Operating Agreement is crucial for restaurant LLCs, setting clear rules for ownership, management, and dispute resolution. However, even the best agreements can become a source of conflict if not properly enforced. Business owners must […]
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 […]