Family-owned California restaurant closes after gender discrimination lawsuit for ‘ladies night’ promotion
The family-owned Peruvian Lima restaurant in Concord, Calif., financially battered by the weight of recent lawsuits, served its last meal on New Year's Eve. Lima gained national attention for its weekly Ladies Night promotion. This promotion was once a common and highly lucrative practice of offering discounted drinks to attract women to stores. However, chef […]
Americans travel to family-owned Christmas tree farms to pick the perfect pine: ‘People love it’
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Exclusive | Gosman’s Dock — family-owned mainstay in Montauk for 81 years –
One of Montauk's last bastions of affordable seafood has been scooped up by yet another set of deep-pocketed investors, but the father-and-son buyers are vowing to keep the place budget-friendly, Sidedish learns. Understood. Gosman's Dock, named for the family that ran the original Montauk home for 80 years, was sold last month to Stephen Deckoff […]
Death tax reform under Harris could be disastrous for family-owned businesses, experts say
Under former President Donald Trump's Tax Cuts and Jobs Act (TCJA), the federal estate tax, also known as the death tax, applies only to estates passed to heirs that are worth more than $13.61 million. If this exemption standard expires or lapses, as Vice President Kamala Harris has indicated she would grant if she becomes […]