Legal Question in Business Law in New York

I am trying to start a music event & live festivals promotions/organizing company. I plan to form an LLC. The company will organize live music events in NEW YORK. Here are my questions: (1.) We are not renting a venue with a liquor license but we need to sell liquor - how can we do this? We will rent a warehouse or big open space. Note, we will be selling Beer, Vodka, Hard Liquor, Wine, and so forth. (2.) If we do sell liquor at this private place during our event with this particular permit, can we earn profits from it? Or is the caterer / whoever is providing the liquor not allowed to share profits with us?

Thank you SO much!!!


Asked on 5/17/16, 9:48 pm

1 Answer from Attorneys

Both questions require careful consideration of your specific situation and I will also add that you should consult an attorney in connection with forming the LLC. You may be concerned with liability in connection with the liquor laws (justifiably), but the larger issues could come about as a result of improperly setting up the LLC or the operating agreement.

Generally speaking, one can procure a temporary license (permit) to sell alcoholic beverages but there are many terms and conditions that would determine what license can be gotten (and if at all) such as the nature of the event, the activities contemplated, type of food served, the prior liquor license history of the premises, the hours and day of the week, how many bars are planned, what type of alcohol is going to be served etc.

If you are permitted to sell you can earn a profit. Though keep in mind that there are restrictions on where you can buy the alcohol and limitations on what happens to excess alcohol left over after the event is complete.

There are other ways to figure out a fruitful and profitable arrangement that meets the licensing requirements without necessarily having to get your own license.

The bottom line is that when it comes to procuring liquor licenses, the little details matter a lot and that requires a paid consultation. My consultation rates are very reasonable and would be tax deductible for your venture.

Please contact me directly

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

t e l : 2 1 2 -- 3 3 7 -- 9 8 3 7


Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matters addressed herein.

Read more
Answered on 5/17/16, 10:28 pm


Related Questions & Answers

More Business Law questions and answers in New York