Why does your LLC need an Operating Agreement?

What is an Operating Agreement? An Operating Agreement is a contract between the members of an LLC which serves as the LLC’s governing document. The Operating Agreement outlines voting and ownership percentages, delegates authority to specific managers or members, and determines how distributions of profits and losses, and transfers of interest may occur, among other…

Starting a Brewery: Forming Your Business

Business formation Before you start your new brewery, you should consider the different types of business structures under which your brewery could operate. There are several different forms of businesses such as Sole Proprietorships, Partnerships, Limited Liability Companies (LLCs), and Corporations. Before you start your brewery you should determine which structure is best for your…

Utilizing Temporary Premise Extensions

We know that COVID has really taken its toll on a lot of small businesses in North Carolina, especially the craft beverage industry. Unfortunately, COVID and the government restrictions have closed a lot of our local bars. While it saddens us to see our favorite 80’s bar or the little dive place around the corner…

Happy National American Beer Day to NC!

It’s October 27th which means it is National American Beer Day. National American Beer Day is a special day in North Carolina, because October is also North Carolina Beer Month. North Carolina, with over 300 breweries, has a booming beer industry. Grab a cold one and celebrate with these facts about the beer industry in…

New Virginia ABC Laws Took Effect July 1, 2020

Several new ABC-Related laws went into effect this past summer on July 1, 2020. We have compiled the new laws (which can be found on the Virginia ABC website) which are most likely to affect breweries, wineries, distilleries, and restaurants in Virginia. Mixed Beverage Referendum (HB2634 and SB1110) – This law permits Virginia ABC to sell…

Coronas During the Corona

Some people hoard toilet paper and some people buy a crap ton of beer. With alcohol and ABC stores having been declared “essential” during this time of chaos and Coronavirus, many people have truly taken advantage of alcohol being considered an essential item, which recent stats have shown. I guess it makes sense, there’s nothing…

Are you kidding me?

COVID-19: What the HELL do I do now?

Managing your business during a crisis is never easy. The difficulty is compounded when the crisis is in your business AND all around you. Right now, as business owners and managers, you’re facing tough decisions about your staff and your business while staring down the barrel of uncertainty.

What You need to Know about Beer and NC (House Bill 500)

*Please keep in mind that this is information is specific to North Carolina law. Contact an attorney in your state to find out specific information about this. House Bill 500 (HB 500) from the North Carolina General Assembly has been presented to Governor Roy Cooper for his signature. The Bill contains several changes to ABC…