Clarifying Restaurant Tax Profit and Loss Allocation Provisions When Bringing in New Investors
When the owner of a restaurant business or restaurant group decides to sell a portion of his equity in an operating partnership to a private equity firm, this can signal that a period of growth is coming for the company. This can be an exciting time for restaurant owners as it will bring in additional […]
Restaurant Profit and Loss Statements: Understanding and Creating Them
Restaurant Profit, Loss, Financial Data What is a Profit & Loss Statement A restaurant profit and loss statement also referred to as a restaurant P&L, shows your business’ costs and revenue (net profit or loss) during a specified period of time. In other words, your P&L functions as a bank statement for your hospitality organization to monitor your […]