Thanks for the response. In fairness to you, I have heard this basic rational from a number of B&Ms I have visited. We have over 50 in Vegas and while I have not yet visited all of them, I have spoken to about a dozen owners/prinicipals/investors in person. When I visit, I bring my sites business cards, some material from CASAA and the actual FDA regs. I also disclose that I am a
former angel investor in two B&Ms, I am not an attorney and or CPA and as I state, I encourage folks to seek a diversity of opinions. I currently have zero connections to the industry and clearly state this. Hers is my takeaway from those instances where I received similar responses to yours and I'm not pointing at you, only posting my takeaways from direct face to face conversations with owners/principals and NOT employees.
1- NONE had obtained legal advice in writing from a
qualified attorney. This is always my first recommendation
2- Some owners/principals/investors had not read the deeming
3- Some where simply "spinning" the issue so their employees did not freak out
4- Some in private had a general same page view as myself BUT intended to make as much money as possible up to the very end and then vanish.
5- Some continued to "spin" me which to a certain degree is understandable. Believe it or not, one of these habitual spinners finally got religion and made a contribution to one of the activist organizations. THAT made me very happy
In conclusion OP, have the owners/principals in your company obtained a written opinion from a qualified attorney which you have read and which supports your current views?