Starting your own restaurant is a huge endeavor. According to the National Restaurant Association, in 2019 there is $863 billion in projected sales in the restaurant business. There is a ton of money to made in opening a restaurant, but you must do things correctly from the beginning in order to be profitable. Simply having a cool menu and a fun name does not guarantee success. There are many things to consider when attempting to start a restaurant such as the right business structure, the management and happiness of employees as well as ensuring the business is properly protected. Since there are so many things to take into consideration, Law 4 Small Business wants to ensure you start off on the right foot.
Start a Restaurant Today!
Your Business Structure
The first thing you should consider is: What corporate structure do I need to start a restaurant? If you have done your research, you’ll find that there are a few different options for your restaurant.
Some of the options Law 4 Small Business provides are:
Each of these options provide different ways to help your business and ultimately you may need help deciding. We have an awesome tool to help the decision making a little easier for you. Click the image below to try it out.
Insurance
Did you know that “wrongful acts” on the part of a business is one of the top reasons why small businesses are sued? A “wrongful act” can be anything from water left inadvertently on your company’s sales floor to a car accident that one of your fleet vehicles was involved in. While owning a business can be scary, having the right insurance in place to protect yourself against any of life’s “wrongful acts” doesn’t have to be.
We know you’re the expert when it comes to your business… and we know insurance. So here is how it will work:
- You tell us about your business by answering a few questions.
- Based on your answers, our Insurance Experts will contact you directly.
- We also tell you how much coverage you should have.
We want to make it as easy as possible for you to start a restaurant. Let us help you get started the right way. Contact us or give us a call at 505.715.5700.
Law 4 Small Business, P.C. (L4SB). A little law now can save a lot later. A Slingshot company.
