General Business | Read Time: 3 minutes

Music Licensing Fees are Unavoidable for Bar Owners

You first opened your brewery taproom, winery tasting room, or craft distillery bar several weeks ago, and everything is going well. A good crowd is enjoying your products and the environment, enhanced by a perfectly curated playlist of just the right chill pop hits. That’s when you open a letter from a company called BMI, ASCAP or SESAC. This...

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Brands | Read Time: 6 minutes

Transfer of Florida Alcoholic Beverage Manufacturer: 5 Keywords

Rather than launching a new Florida alcoholic beverage manufacturer, it might be better to buy an existing operation. The Buyer gets a built-out premises, with all the equipment and buildout already in place, and a built-in customer base. The Seller gets to move onto other things. Business transfer transaction are always complicated, and even more so in a heavily...

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FAQs | Read Time: 3 minutes

Use Convertible Promissory Notes to Grow Your Business

What is a Convertible Promissory Note? A Convertible Promissory Note (“CPN”) is an option for companies that want to build capital without issuing stock or ownership units immediately. An investor, instead of receiving stock or another form of equity upon investment, would receive a CPN. The CPN is a form of debt that converts into equity (typically, preferred stock...

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General Business | Read Time: 5 minutes

Taxes on Restricted Stock for Employees

Beverage manufacturers, distributors, and vendors–like other closely held companies–often use grants of their own stock to compensate and incentivize employees, consultants and other providers (for simplicity, this articles refers to all of them as “employees”). These grants have major tax consequences. News Flash: Stock Grants are Subject to Income Taxes Generally, when money or property is given to an...

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