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Eight Ways To Ensure That Your Pennsylvania Winery Or Hospitality Business Remains In Order

Forming a separate business entity for your new or existing winery, restaurant, corporate_compliance300_0catering, or wine based hospitality business is a critical step. Your corporation is responsible for the debts and liabilities of your wine or hospitality business shielding your personal assets separate from those of your business. But once the business formation process is complete, your job isn’t finished. You must ensure that your Corporation or LLC entity remains in compliance so that your “corporate veil” is not pierced, making you personally liable for the debts of your wine or hospitality business.

Here are eight ways to ensure that your Pennsylvania winery or hospitality business remains in compliance.

1.) Do not co-mingle your personal and business finances.

2.) Maintain your regular and annual corporate minutes and resolutions.

3.) Be sure to file your annual reporting requirements with the Secretary of State.

4.) Record any changes and amendments to your Articles of Incorporation and file
those timely with State and Federal Regulatory bodies, i.e Municipal Reporting and Zoning Requirements, Liquor Control Boards and the Federal TTB as applicable.

5.) If you operate out of state, make sure your business is legal out of state in the event you need to qualify as a “Foreign Corporation of LLC” within the state that you are doing business.

6.) Take time out of your busy schedule to address your administrative legal requirements.

7.) Maintain your corporate tax filings just as you would with your individual taxes.

8 ) Contact your Accountant or Legal Counsel should you run into any compliance issues.

Taking Care Of Business: The Keys To Success For A Healthier Restaurant Or Hospitality Business

Starting or running a successful restaurant or hospitality business can be extremelysuccesshospitality overwhelming. You need more than just your desire and passion to excel. Careful preparation is key to avoiding making painful mistakes along the way. Because, at the end of the day, diners vote with their forks. And…you want them to vote for you.

Getting the vote of your customers means your food or wine business enterprise will need to emerge as a success. If you currently own or plan to own your own restaurant, small chef eatery, catering, wine business or food selling dynasty here are a few good tips that will help you avoid some unnecessary pitfalls as you grow your successful hospitality enterprise.

A solid business plan is your roadmap to your future. Make sure you have one. A good solid business plan will help you to focus on your location, your anticipated customer base, and what measurable goals you’ll need to make to turn a profit. While you may be an awesome chef, caterer, or wine entrepreneur your ability to stay in business is also a function of your ability to control your costs. A business plan will help you to identify and track your goals and how well you are doing. A good business plan will cover a general description of your business, your financial management and marketing plans.

Develop a cash flow statement. A cash flow statment will project when you will need to borrow money, hustle for more business or reduce your debts. It will also guide you as to when you need to make those much needed capital investments and improvements into your business.

Carefully preserve you credit. Do not borrow for payroll or short term needs. These should be taker from your current cash flow.

Build a relationship with your bank. When it comes time to deal with loans or lines of credit, having a friendly relationship with your banker can be extremely beneficial.

If you feel you lack an appropriate business skill set because your real love is your focus on your food, then be sure to retain the right lawyer to look over your business contracts and to conduct your contract negotiations.

You may want to create a Partnership with another individual or entity not just for and injection of money, but for sound business advice. Alternatively you may want to enlist the services of a business or restaurant consultant who specializes in the restaurant industry. This can be a good resource to develop your ideas or help you to implement a successful business strategy.

Develop good employee relations standards. Pursue a good understanding of your federal, state and local labor laws. You want to avoid unfavorable legal action taken against you by knowing how these laws affect the way you need to conduct your business on a daily basis.

Visit your local planning department in your municipality to educate yourself on applicable zoning, parking, signage, noise, sewage and other requirements that you’ll need to know to cut through the red tape necessary to operate your business.

If you plan to serve liquor in your restaurant you’ll need to protect your business investment by ensuring that you’re properly protected from suits filed by 3rd parties for damages or injuries caused by patrons imbibing in your establishment. Invest in liquor liability training procedures for you and your restaurant staff.

If you incorporate these tips into the daily operation of your business, you will be well on your way to running a successful hospitality enterprise. Keep you eyes on the prize and remember the big picture. Success won’t just be measured in metrics alone but will be expressed with the people connections you make with your food. Now go out there and get your votes.

After-all, you’re taking care of business.

Calling All Pennsylvania Winemaker’s With No Dirt

Do you happen to be a Pennsylvania Winemaker with no vineyard? No UrbanWineryProblem. Perhaps your real calling is that you’re a city dwelling vintner. Besides, the grapes only care about where they are grown and not where they are crushed. With that in mind, have you considered that maybe there is an Urban Winery in your future? If so, your time is now. Advances in both technology and transport are on your side. Today, there is a growing recognition that you really don’t have to have the dirt to start your own Urban Winery. Instead, your grapes can be grown in a remote location with you transporting them to your urban facility for crushing, fermenting, and aging.

Typically when we think of wineries, most of us think of expansive vineyards overlooking large gardens with a view. The Urban Winery is a growing yet different phenomenon. As the winemaker you can locate your winemaking production facility in an urban setting within a city rather than the traditional rural setting typically in close proximity to the nearby vineyard.

The upside of course is that you can attract all of today’s millennial’s who enjoy that frequented city dwelling lifestyle. This concept has all kinds of possibilities. Conceptually you’d be bringing the consumer intimately closer to the winemaking experience in a much more meaningful way, far beyond the wine bar experience. Your Urban Winery can be “the” gathering spot for the neighborhood locals who drop in to sip and take a few bottles of Pennsylvania wine home.

Urban wineries are rapidly cropping up across America. You could now find them in New York, California, Ohio, Maryland and Washington State to name a few.

So, if you’re ready to grab hold of those urban dwellers and are ready to provide them with an authentic winery experience– perhaps there is a Urban Winery in your future. Go for it Pennsylvania Winemakers!

How To Ensure Your Wine and Hospitality Business Success In 2012

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If you’re preparing to open your own winery or hospitality business you have no doubt heard the warnings “its a jungle out there” or that “most businesses fail within the first five years”.

Whether your winery, restaurant, or hospitality business success or fails, the one sure truth is that you’ll be guaranteed to have some challenging times. Building a successful wine or hospitality business can be a true roller coaster ride. New entrepreneurs often underestimate the difficulty and pain that comes with starting a new business. The responsibilities are great. The time pressures are demanding. The financial investment often comes with significant personal costs.

The good news is that if you have fire in your belly, building your own business into a success will give you a personal sense of satisfaction and joy. It feels good. Thus if you’re starting a new winery, restaurant, or hospitality business in 2012, it is essential that you do it right. Here are just a few good tips:

You should consider preparing an effective business plan.
Know your market.
Watch you cash flow.
Deliver a good product or service.
Implement the right legal protections.
Listen to your customers.
Participate in your industry’s trade organizations.
Hire a good attorney who understands your business.

Arming yourself early on at the inception of building your new winery or hospitality business will go a long way to helping your business grow and become a success. And, by all means, “get in where you fit in”

An End To Swipe And Blow For Pennsylvania Wine Consumers

The Pennsylvania Liquor Control Board has ended its ill-fated wine vending program after a year’s experiment with statewide grocery stores. The wine kiosks located at 21 stores throughout the state required customers to swipe their ID, blow into a breathalyzer and look into a security camera to buy their wine. The program came under tough scrutiny with customer complaints, mechanical problems and lagging sales. This week, the PLCB concluded the wine kiosks program after the manufacturer Simple Brands LLC of Montgomery County defaulted on a payment of more than $1 million per Joe Conti, CEO of the PLCB. The end of the kiosks program comes during a time where House Majority Leader Republican plcb_kioskMike Turzai has introduced a bill to privatize the state’s liquor system proposing the sale of liquor licenses wherein supermarkets would be able to purchase licenses and sell wine to its customers. Alternatively, the PLCB initially envisioned the wine kiosks program as a way to implement modernization into the state’s liquor control system. Meanwhile as the turf battles continue in the industry, some of us are still looking for ways to “eat local” and “drink local”. Now what say you?

The Pinnacle Of Professional Achievement In The Wine World Takes In New Members

The Institute of Masters of Wine (IWM) has announced its newest members. As covered in my earlier post, Does The winetasterimagesPinnacle of Professional Achievement In The Wine World Excite You?, this accomplishment is considered the “hardest test of knowledge” in the wine world. Congratulations to all of this year’s newest members. For more read: 11 New Masters of Wine Announced.

Is Your Pennsylvania Wine Ready To Take Flight?

Does your Pennsylvania wine have a distinct taste and flavor that will come through if sipped at 30,000 feet? Is so, the airline industry may be the place for your wine to take flight. It appears that U.S. airlines have taken note that passengers keep coming back to their airline based on the wine and champagne served in the cabin. As such, Sommeliers are now working with the airlines to choose which wines will be served. Perhaps your Pennsylvania is ready to take flight. For more on this subject take a look at the video below:

Pennsylvania Wine Bloggers:Want To Know Who’s Got The Juice?

The public voting is complete for the 2011 Wine Blog Awards! Over 3011 people voted for their favorite finalists. 2WBA_logo_rotatorThe social media wine blog winners were announced at the 2011 North American Wine Bloggers Conference. The public has spoken. These folks have got the juice!

Best Overall Wine Blog–Fermentation
Best New Wine Blog–Terrorist
Best Writing on a Wine Blog–Vinography
Best Winery Blog–Tablas Creek
Best Single Subject Wine Blog–New York Cork Report
Best Wine Reviews on a Wine Blog–Enobytes
Best Industry/Business Wine Blog–Fermentation
Best Wine Blog Graphics, Photography & Presentation–Vino Freakism

Congratulations to all the winners!

Does The Pinnacle Of Professional Achievement In The Wine World Excite You?

winetasterimagesDoes The Pinnacle Of Professional Achievement In The Wine World Excite You? Do you have a serious interest in wine? If so, perhaps you are Pennsylvania’s future Master of Wine! A Master of Wine is someone who has demonstrated through rigorous examination, a knowledge or all aspects of wine and ability to communicate their wine knowledge clearly in order to bring wine communities together.

It is said the “hardest test of knowledge” in the wine world is the Master of Wine Exam. Administered by the Institute of Masters of Wine (IWM) the program has fewer than 300 graduates in total. With essays and blind tastings, very few test takers pass both requirements on the first try.

But don’t let difficulty keep you away from gaining the wine world’s most prestigious credential. Graduates are known to be in the wine world’s most exclusive club. After all, it is the pinnacle of professional achievement in the wine world. Okay I’ll admit, I’ve thought about it myself a time or two. What about you?

For more about the Masters of Wine, read Mike Steinberger’s take on the matter at Slate.com: The Master of Wine Exam

Shout Out To Pennsylvania Winery and Hospitality Bloggers: Whose Got The Juice?

2WBA_logo_rotatorIt’s that time again folks! The nomination period is open for the 2011 Wine Blog Awards. We can look forward again to seeing which social media wine bloggers are giving American media a run for its juice. Will your winery’s blog be chosen to be amongst this year’s nominees?

Go now and make your nomination! 2011 Wine Blog Awards