Friday, March 24, 2017| 9 am – 1 pm
Program Chair:
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This program will focus on the corporate, real estate, liquor license, and labor/employment issues involved in opening a restaurant in New York City. Learn about the choices of legal entity to form for restaurant projects, investment and management structures, purchase and sales transactions and transfer liability. Review buy vs. lease issues, build outs, provisions regarding including assignment, contingencies, and guarantees. Find out the requirements for obtaining on and off premises liquor licenses and how to navigate the process and procedure before the New York State Liquor Authority and the local Community Boards. Learn about overtime, spread of hours, the 80/20 rule, tip credit, non-compete restrictions, and other essential labor and employment issues.
Live Program & Webcast: $199 Member | $299 Nonmember
Small Law Firm: $99 Member -
Jack Gordon
Kent, Beatty & Gordon LLPCarolyn Richmond
Fox Rothschild LLPSonal Shah
General Counsel
Ark Restaurant GroupAlex Victor
Davidoff, Hutcher & Citron LLPLarry A. Welch
Golenbock Eiseman Assor Bell & Peskoe LLP -
9:00 am – 9:15 am Introduction & Overview
Sonal Shah9:15 am – 10:05 am Corporate Considerations - LLC v. corporation – entity choices for restaurants
- Common corporate structures for startup restaurants and for growing restaurant groups
- Investment in restaurant businesses – typical investment terms
- Acquiring a restaurant business – factors to consider for a purchase of assets or equity of an existing business
Jack Gordon
10:05 am – 10:55 am Real Estate Issues - Key money deals v. raw spaces
- Negotiating the term sheet
- Due diligence required when checking out a space
- Lease sections to pay attention to for restaurants
Larry Welch
10:55 am – 11:10 am Break 11:10 am – 12:00 pm Retail Liquor License Issues - The three core components of the liquor license
- The people – who may or may not be licensed
- The place – which premises may or may not be licensed
- The operation – what may or may not be licensed (the 200 Foot Law and 500 Foot Law)
- The application process – from Community Boards to SLA
Alex Victor
12:00 pm – 12:45 pm Labor and Employment Considerations - Wage & hour issues
- Eligibility requirements (undocumented workers)
- Minimum wage and overtime issues
- Hospitality Wage Order
- Unionization and worker organization
- Recommended best practices
Carolyn Richmond
12:45 pm – 1:00 pm Q&A
Panel -
NY: 4.0 professional practice
NJ: 4.3 general
CA: 4.0 general
PA: 3.5 general -
Sponsoring Association Committee: Restaurant & Hospitality Law | Louis Pechman, Chair
Sponsorship Opportunities are Available! Please Contact:
Maricela Alfonso| Membership and CLE Relations Associate| (212) 382-6608 | MAlfonso@nycbar.org______________________________________________________________