WARCHILD
Regular Member
My google foo is weak at best, so I'm posting this for someone with better skills than I to confirm this info I was given.
Issue: Continued discussion of what the primary income of any business is. Over 50 percent is consistently referred to. Even though there is no printed statute with a percentage cited in it.
Background: A relative had a conversation about opening a "bar & grill" with a business attorney. He told him to open it as a "grill & bar" instead.
Explanation of reasoning: On the business license application it is required you state what your "primary" sales and income will be derived from?
Your "primary" sales will be listed "first" in the name of your business license.
i.e. ; Bar & Grill; primary is bar liquor sales.
Grill & Bar: primary is grilled food
The attorney also told him it makes a difference with your liability insurance as to what your "primary" sales will be. A bar has a higher liability rate than a grill.
Summation: Would it be feasible to look at the business license of any business in question and see what the "primary" source is listed as?
Would this be a valid defense if it were challenged?
Can anyone provide me with some "facts" regarding this info?
Thank You
JB
Issue: Continued discussion of what the primary income of any business is. Over 50 percent is consistently referred to. Even though there is no printed statute with a percentage cited in it.
Background: A relative had a conversation about opening a "bar & grill" with a business attorney. He told him to open it as a "grill & bar" instead.
Explanation of reasoning: On the business license application it is required you state what your "primary" sales and income will be derived from?
Your "primary" sales will be listed "first" in the name of your business license.
i.e. ; Bar & Grill; primary is bar liquor sales.
Grill & Bar: primary is grilled food
The attorney also told him it makes a difference with your liability insurance as to what your "primary" sales will be. A bar has a higher liability rate than a grill.
Summation: Would it be feasible to look at the business license of any business in question and see what the "primary" source is listed as?
Would this be a valid defense if it were challenged?
Can anyone provide me with some "facts" regarding this info?
Thank You
JB