To: rabidralph; Yaelle
Of course, you will be responsible for the drunks that have accidents after visiting your pub, so that liability is something to consider.
Oh yeah, along those lines, definitely look into forming an L.L.C. or some other form of incorporation. Restaurants can be risky for a number of reasons, primarily the low profit margins and high overhead and startup costs. You don't want to be personally liable for your business's debts.
I'd strongly recommend talking to a lawyer about those options, though, because how your structure your business could have substantial tax consequences.
It's probably common sense, but I thought I'd throw that out there anyway.
To: The Pack Knight
Extremely good point about liability. Thank goodness we have a lot of lawyers in the family. (Sometimes... Some of them were prepared to vote Edwards... :))
127 posted on
03/03/2010 2:24:34 AM PST by
Yaelle
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