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The most important things you need to know in a liquor license transaction.
- Be orgainzed
- Know the law
- Have a relationship with licensing authorities.
- Communicate what you want
- Consult an expert
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IMPORTANT THINGS TO KNOW ABOUT LIQUOR LICENSE TRANSACTION
If you or your company is considering opening a restaurant, bar, operating a hotel, acquiring multiple sites, or seeks to capitalize on concession opportunities in your state or in a new state, ABC can provide to you the information needed to determine what the timeframe and cost for such a venture will be.
ABC can assist in formation of new business entities which can limit alcohol related violations and shield individual earners or investors from personal liability. ABC can handle all aspects of any type of alcohol, tobacco, business or tax licensing transaction, or can simply assist you or your in house licensing department with navigating through the complexities of federal, state, and local legislative requirements that can slow a transaction and could make such business transactions cost prohibitive but for the involvement of an experienced company like ABC.
Based on its experience and contacts with various licensing agencies, ABC can save you considerable time, resources, and money at the same time, it is able to expedite receipt of all necessary licenses and permits required to begin operations or assume the operations of an existing entity.
The most important things you need to know in a liquor license transaction.
- Be organized.
As the licensing process typically requires the applicant to provide information on its corporate officers and directors, location, documentation substantiating its exclusive right to hold the license for a location and for much more additional documentation to be provided, it is necessary to be organized to expedite the licensing process.
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- Know the law.
In addition to understanding the licensing laws, which must met to obtain a license,you must know and understand enforcement regulations which must not be violated, must be followed and adhered to in order to expedite the licensing process, as well as to keep the license in the future. Due to the complexity of numerous differing laws and constant changes and enforcement to licensing laws, the staff at ABC is intimately familiar with regulations that differ from state to state and town to town.
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- Have a relationship with licensing authorities.
The old adage, “It is not what you know, but who you know.” also rings true in the licensing context. Through our years of experience, we at ABC have good relationships with the lawmakers, licensing authority personnel, and enforcement agents that can make the difference between an ABC client’s application being processed quickly or sitting in a stack on licensing personnel’s desk for weeks or months. It can also be the difference between incurring costly penalties or license loss and receiving a warning.
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- Communicate what you want.
As ABC offers the full range of alcohol and business licensing services, it is important for you to communicate your expectations and budget for those services. ABC will work within those parameters and is willing to advise and consult on a limited basis in the event you decided to attempt to license your establishments on your own, and is also capable of handling all aspects of the transaction, so that you can worry about the most important task at hand, which is the ins and outs of opening or acquiring a new location in order to generate positive revenues as quickly as possible.
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- Consult an expert.
Rather than reinvent the wheel, it is best to consult an expert like ABC to assist with your licensing needs, so that you did not need to add to your already full plate the daunting task of learning the above.
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