Nothing can replace the feeling of euphoria that comes with selling that first of bottle of wine made from grapes you crushed yourself or perhaps serving that first entree in the restaurant you worked for months to open. Yes, dreams of owning your own winery, restaurant, or hospitality business can be realized even in [...]
Tag Archive: business formation
Is There A Wine Or Hospitality Business Franchise In Your Future?
A couple of friends of mine have recently gone into business by purchasing a franchise. One friend purchased a pizza franchise while the other purchased a computer repair franchise. Each is reaping the benefit of investing in an existing business model and brand for which the corporate name, logo, products, services, business and [...]
Is That Wine Or Hospitality Business Partner Really Your Consultant?
Do you already own your own wine or hospitality business and now want to merge your business expertise with those of another? Have you contemplated a new business venture with another business person that you think offers promise for you both?
Perhaps you’ve identified a potential business partner whose business combined with yours makes practical sense [...]
What Wine Or Hospitality Business Are You Creating? Forming A Limited Liability Corporation
Do you dream of opening your own winery, vineyard, restaurant, bed and breakfast, catering, wine-based or hospitality business? If so, it is important for you to choose the correct legal structure that’s right for your business.
In this series on forming your business entity, we previously considered the “Sole Proprietorship” , “Partnership” and “Corporation” as [...]
What Wine Or Hospitality Business Are You Creating? Forming A Corporation
Are you considering starting a winery, restaurant, bed and breakfast, catering, wine-based or hospitality business? If so, when forming a business it is important to choose the legal structure that’s right for your business circumstances.
In the earlier posts of this series, we considered the “Sole Proprietorship” and the “Partnership” business entities. Knowing and understanding how each [...]
What’s Your Plan For Starting A Winery, Wine Or Hospitality Business?
Every business should have a plan. Too often, new business owners fail to commit their business goals and objectives to writing. Whether your dream is to start a winery, open a restaurant, buy a bed and breakfast, or to create your own wine based or hospitality business, you need a plan. A well [...]
What Wine Or Hospitality Business Are You Creating? Forming A Partnership
Are you a great team player? Can you make a marriage work? Do you recall telling your co-worker, friend or loved one, “let’s sink or swim together” ? If so, perhaps that idea or concept that you and another have been incubating over time is ready to take flight and evolve into a [...]
What Wine Or Hospitality Business Are You Creating? Forming the Sole Proprietorship
In my recent travels along the Pennsylvania wine trail, I met an entrepreneurial minded young lady who expressed an interest in forming a “wine-tasting business”. We briefly explored her need to create the right business structure. Thus, I thought I would discuss the various business structures for those of you who are considering opening [...]
Intergenerational Transitions and Succession Planning for Wineries
What’s Love Got to Do with It?
I read an article recently about the family feud taking place at the Korbel Champagne Cellars Winery between father and daughter. Both parties are embroiled in a fight to the finish currently entangled in a defamation lawsuit wherein millions of family dollars are now at stake.
While dysfunctional families [...]
