Posts written by buteralaw

Keeping a Liquor License Safe While it is in Safekeeping

When a licensed establishment is closed for renovation or is damaged by natural disaster or when the business has to close for economic reasons, there are actions the Pennsylvania Liquor Control Board (“LCB”) requires of the licensee. Any licensed establishment closed for fifteen days or… Continue reading

Buy/Sell Agreements in Closely Held Businesses

Buy/Sell Agreements are agreements between owners of a business that determine how and when owners may sell or be bought out of a business entity. In the case of partnership or a limited liability company, buy/sell provisions are typically embedded into, respectively, the partnership agreement… Continue reading

Queen’s English – An Optional Plural and Circular Reasoning

Our first topic concerns money, and its plural.  Is moneys (or monies) a correct plural of the word, or is money one of those words that has both a singular and plural meaning?   It is unlikely that upon hearing the price of a bauble at a Tiffany counter, you would respond, “I… Continue reading

RAMP Requirements vs RAMP Certification

Pennsylvania liquor licensees are required to have the owner or the “premises manager” certified under the Responsible Alcohol Management Program (“RAMP”) within 6 months of becoming an owner or becoming the premises manager. Additionally any employee hired on or after Aug. 8, 2016 who serves or… Continue reading

Your 2018 Tax Return: Itemize or Not?

One of the biggest changes coming out of the new Federal tax law involves the so-called “standard deduction” available to individual taxpayers. For years prior to 2018, middle and higher income taxpayers would almost always itemize deductions (such as mortgage interest, state and local taxes,… Continue reading

Buying or Selling a Business

With the stronger economy we are seeing an uptick in the sale and purchase of small and medium sized businesses. Banks are lending once again, interest rates remain reasonable, and potential buyers are more optimistic about the future of the economy. In the aftermath of… Continue reading

Management Companies for Liquor Licensed Premises

A Pennsylvania liquor license may only be used by the owner of that license, the “licensee.”  The licensee may not lease the license or allow an individual that is not recognized by the Liquor Control Board (LCB) as the owner to use that license.  However, the LCB… Continue reading

Pennsylvania’s Good Samaritan Law

Pennsylvania has enacted a “Good Samaritan Law” which aims to protect certain individuals responding to an emergency situation. The goal behind this statute is obvious, people (and in many instances trained people) should not be discouraged by the threat of a lawsuit from using their… Continue reading

Year End Tax Planning for Small Business

If you own a small business, you still have some time to make some tax planning moves before the end of 2018. Recent tax changes potentially allow greater depreciation deductions for property purchased and placed in service before the end of the year. In addition,… Continue reading

“Tender” Mercies

In most Agreements of Sale for real estate there is language to the effect that “Tender of an executed deed and purchase money is hereby waived.” Clients sometimes see this and ask about it. Sometimes, more usually in the case of buyers, a client will… Continue reading