7 Ways to Avoid Mistakes When Starting a Drinks Business
Head of the Alcohol Beverage Team and Partner Michael Newman was mentioned by SevenFiftyDaily on how to avoid mistakes when entering the drinks business. Mr. Newman discusses the legal considerations that business owners should make as the legal and logistical steps toward creating a new alcohol beverage business differ from the supplier, wholesaler and distributor side. Mr. Newman provides insights into how business owners should consider forming a corporate entity, research state and local regulations and to expect a waiting period when applying for licenses and permits.
"A new business needs to make sure that it doesn’t overstep the boundaries of what federal and state alcohol beverage regulations allow," Mr. Newman says. "Depending on the state, [three-tier system restrictions] can limit the business to operating in only a single tier."