As an old saying has it, the three secrets to making a small business succeed are location, location and location. By the same token, any problem with the location of a small business can mean the difference between business success and failure.
The location certainly seemed to be great for Bourbon Haus 1841, a bar on Covington’s Main Street. For five years, the bar attracted business and good press within Northern Kentucky’s Bourbon industry. People from Kentucky and neighboring states made it a stop on their Bourbon-focused tours of Northern Kentucky.
But early this year, Bourbon Haus 1841’s owners announced that they would be closing the bar permanently. They told the news media that the toll of recent real estate and business litigation had left them no other choice.
Protect your business
Many small businesses exist in a precarious financial state. Even a small business that gets a lot of good press and a loyal customer base can run into trouble when something interrupts its cash flow. Litigation can certainly do that. It can also interfere with a business owner’s ability to focus on their company’s day-to-day needs.
Whenever possible, business owners should use careful planning to minimize the risk of business litigation. For this, they can rely on the help of attorneys who have experience in business formation, transactional law, strategic planning and more. And when it can’t be avoided, and a business dispute turns into a lawsuit, it is crucial that they seek out help from attorneys who have experience in business litigation.