News

Governor Hochul continues to take action to prioritize the New York craft beverage industry. She recently signed legislation allowing NY-based producers of mead (a fermented beverage made with honey, water and yeast, often called “Honey Wine”), cider, and spirits to ship directly to consumers within and outside of New York State. This new legislation, along with the recent enactment of to-go alcohol sales, is another legalization by Governor Hochul of temporary measures which [...]

Acquiring or selling a business can be a daunting task, even more so when the business holds one or more liquor licenses. To ensure a successful outcome, it is important for you to understand the threshold issues for transactions generally, as well as those unique to these types of transactions so you can hopefully avoid common pitfalls.Asset vs. equity purchaseFirst, the type of purchase – asset vs. equity (stock or membership interest) -- is not only the key to the structure of the [...]

Obtaining a liquor license in the state of New York can be a complicated process, and the ongoing backlog at the New York State Liquor Authority (the SLA) is resulting in application processing times of between six and eight months; however, in many cases, applicants may be able to obtain a temporary permit to operate while the application is reviewed.If you are thinking of starting or purchasing a business requiring a liquor license, there are a number of threshold issues to consider before you [...]