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Buying an existing business is exciting, but also stressful, especially when it is your first business. Each business is unique, and specific considerations for purchasing a specific business may vary depending on the industry, size, and location of the business. In addition, the acquisition process itself can be daunting. Below are some lessons learned by…

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Check out the full The Industry publication: March 2023 Edition

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Outdoor dining throughout Boston increased as a response to pandemic restrictions and, over the course of the past three years, further proliferated as customers, restaurant operators, and local officials realized the social and economic benefits of outdoor dining space. Even as concerns related to COVID-19 subside, customers continue to seek the diversity of options offered…

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Franchising is a method of distributing products or services through the license of a brand and a system.  It can be a lucrative growth strategy for a business (the franchisor) as it allows a business to grow its brand through providing the use of its intellectual property to others (the franchisee) in exchange for certain…

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Check out the full The Industry publication: Year In Review 2022 Edition

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Check out the full The Industry publication: October 2022 Edition

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Check out the full The Industry publication: July 2022 Edition

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Tip pooling is the practice of taking gratuities received from patrons and either pooling all or part of them to be distributed to other employees. It is the typical practice for restaurants, banquet facilities and other places where prepared food or beverages are served to implement some form of tip pooling as part of their…

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Check out the full The Industry publication: June 2022 Edition

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Proposed Massachusetts Ballot Initiative Would Increase Retail Liquor License Cap A proposed ballot initiative is currently pending with the state legislature and, if the requisite signatures are obtained by the July 6, 2022 deadline, would appear on the ballot this November. The petition, titled “An Initiative Petition for a Law Relative to 21st Century Alcohol…

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