If you own a bar, or if you sell any type of alcohol in Texas, you need to sign the TABC management agreement. This is part of the licensing that allows you to sell this product legally in the state. There are going to be licensing divisions that will investigate your business, and will consistently be checking with you from time to time. They need to make sure that the sale, purchase, and the storage of this merchandise is up to their standards. You can find more information about this management agreement on the web.
What Does This Management Agreement Say?
This management agreement can come in many different forms. For example, you may be transferring the ownership of your bar to someone else. It would require you to fill out an interim liquor management agreement so that the new owner can sell alcoholic beverages legally. Everyone that sells must have a license to do so, and until that time, this agreement will be enough. It is simply the legal paperwork that must be filled out if you are taking possession of a business that sells alcohol, or if you are transferring it to another party.
Where To Find Information On This Agreement
You can go directly to the Texas alcoholic beverage commission website where you can learn all about this process. They will have the forms that you will need to download, and if you are able to get this information, you can move forward with your business transaction. Whether you are selling alcohol for the first time at your place of business, or you are transferring ownership, these agreements need to be filled out and made official. By complying with the laws of Texas, you should have no problems at all with selling alcoholic beverages.
Some people do not realize that this agreement needs to be completed when they are doing a transition from them to another party, or if they are going to sell alcohol at their place of business. Once this is filled out and approved, you will have the ability to transition your company to 1/3 party buyer, or you will be able to conduct business which will include the sale of alcoholic beverages in the state of Texas. If you have any questions, you can always work with an attorney that specializes in TABC laws. This will ensure that the process will go smoothly, allowing you to relax knowing that everything will be completed as required.Read More