LEX VINI

New Bill to Aid Private Equity Firms Applying for ABC License

The California Senate Committee on Governmental Organization is considering a bill to streamline the process for qualification of private equity firms seeking to hold an interest in a state alcohol beverage license.  SB 796 would add Section 23405.4 to the California Business and Professions Code, which would allow a private equity fund to hold a license and […]

How to Deal with License Transfer Issues in the Sale of a Winery

As if there aren’t enough things to worry about when purchasing a winery – due diligence, seller demands, financing hassles – there’s the confusing matter of federal Alcohol and Tobacco Tax and Trade Bureau (“TTB”) and California Alcoholic Beverage Control (“ABC”) winery licensing compliance to grapple with.  Buyers want to get down to business as […]

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