Why Deals Stall and How to Get Them Across the Finish Line
By Rachel Wright Acquiring a restaurant, bar, hotel, or other hospitality business in New York seldom closes on schedule. The main sources of delay are liquor license approvals, lender consents, unresolved labor or tax liabilities, and successor-liability exposure. Without clear contingencies, a deal expected to close in 90 days can stretch to six months or… Read More