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Subchapter V For Restaurants: A Streamlined Chapter 11 Option For New York Owners

Subchapter V For Restaurants: A Streamlined Chapter 11 Option For New York Owners Traditional Chapter 11 can feel out of reach for many independent and small‑group New York restaurants: it’s complex, time‑consuming, and expensive. Subchapter V, a relatively new part of Chapter 11, was designed to give small business owners a more accessible path to […]

Managing Spousal Claims To Business Profits In Divorce

Managing Spousal Claims To Business Profits In Divorce 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 legal planning, your spouse could be entitled to a portion […]

Who’s Really in Charge? Governance, Control, and Voting Rules for Restaurant Owners

Many restaurant disputes boil down to one question: “Who gets to decide?” Is it the chef? The money partner? The majority owner? The answer should be in your governance structure — not in the middle of a heated argument. Manager-Managed vs Member-Managed LLCs For LLCs, you must decide: Member-managed: All members have the authority to […]

How to Split the Pie: Equity, “Sweat” Ownership, and Investors in Restaurant Deals

Restaurant deals almost always involve some mix of: A chef or operator contributing sweat and expertise, One or more money partners, and Maybe a landlord, advisor, or brand partner in the background. If you don’t define who owns what — and why — you’re setting yourself up for resentment and litigation later. Let’s talk about […]