Restaurant transactions are similar to the old Kenny Rogers song, The Gambler – “You’ve got to know when to walk away, and know when to run!” Perspective is so important in general, and in restaurant transactions, you must know when to move forward on deals and when to kill them. But how do you determine… Continue Reading
Tag Archives: partnership
Partnership Mistakes and How to Avoid Them
Posted in Acquisitions, Competition, Contracts, Corporate Entity, Franchises, Intellectual Property, Litigation, Real Estate, VendorsNearly anyone who has been in business either knows of or at least has heard of the pitfalls of partnerships. However, a lot of people don’t know that you can be partners with someone and not even know it. You might say, “Funny lawyer. Who cares?” But you should care, and here’s why. Partnerships make… Continue Reading
What is the Best Entity for My Texas Restaurant?
Posted in Corporate EntityBy Matthew M. Sanderson One of the most common concerns of restaurant owners, and frankly any business, is the determination of the best entity is for their operations. Many factors go into this analysis, and this article provides a brief overview to help in this decision. The first question in this analysis is “alcohol or… Continue Reading