Starting your own business can be very rewarding, but there are a few things you need to understand before you jump into becoming a business owner. To start, you will need to know what type of business you are going to start, who your customers...

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There comes a time when a restaurant owner (or any business owner) may need to sell their business.  There are several different aspects to the sale of a business, and many steps that need to be taken.  You should perform some due diligence on your...

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“Sidewalk sheds” are temporary structures built to protect people and property during construction. They are everywhere in New York City, and their numbers continue to grow.  Last year there were a total of 2,668 scaffolds and 5,846 sidewalk sheds according to the New York Department...

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When looking to open a new restaurant or bar, the two choices are to find a new space to rent to use for your restaurant, or to buy an existing restaurant or bar.  Often times, spending the money up front to buy an existing restaurant...

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Usually, the tenant in a commercial lease will be a company (LLC or corporation) as opposed to an individual.  In these cases, the landlord will generally require a personal guaranty from a principal of the company.   Instead of a full guaranty of the entire lease,...

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One question that comes up quite often in discussing commercial leases, in particular restaurant leases or retail leases, is exactly how long should the lease be for?  While the industry standard for a restaurant lease is ten (10) years for the initial term with a...

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