SMILEY PETE
PUBLISHING
APRIL 26, 2013 VOLUME 9, ISSUE 9
www.bizlex.com
$2.25
A PA R T N E R I N P R O G R E S S
Top of his game
Focus: Eateries
CULINARY TOURISM Restaurant Week coming to Lexington By Kathie Stamps CONTRIBUTING WRITER
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usiness owners have long known the power of breaking bread with potential and existing clients. Food is part of our culture and very existence. It has also become an important component in tourism, so Lexington is jumping on the very popular “Restaurant Week” bandwagon. Sponsored by the Lexington Convention and V isitors Bureau (LCVB), Restaurant Week will be held July 25 through Aug. 3 at locally owned restaurants in Lexington, with a $25 prix fixe menu, excluding drinks, taxes and gratuity. The prix fixe menu (French for “fixed price” and pronounced “prefix”) will vary from restaurant to restaurant. It might be $25 for one entrée and salad or a dinner for two, or whatever combination each restaurant wants to offer. SEE CULINARY TOURISM PAGE 13
Crowdfunding goes corporate PHOTO BY EMILY MOSELEY
SEC has yet to create rules to regulate crowdfunding as capital investment By Brian Powers CONTRIBUTING WRITER
T UK law grad Jim Woolery leads one of world’s most prominent financial services law firms By Pam Mangas | Contributing Writer
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he surname “Woolery” in easter n Kentucky has become synonymous with success. There’s Chuck Woolery, the handsome and engaging game show host famous for his tenure on Wheel of Fortune and Love Connection from the 1970s through the ’90s. There’s his cousin Bob W oolery, the well-respected and accomplished attorney-at-law who has represented the legal interests of easter n Kentuckians for decades. But the W oolery getting the most attention — not only in Kentucky but also on a national and inter national level — is Jim, Bob’s son, who is arguably one of the most successful mer gers and acquisitions (M&A) attor neys on Wall Street today. SEE WOOLERY PAGE 10
echnological breakthroughs have always posed a problem for regulators, but social media seems to have lately created even lar ger regulatory headaches in the area of corporate law. The Securities and Exchange Commission, for example, is currently reviewing the public/private nature of disclosures made via Facebook in a case involving the CEO of Netflix. In 2009, the SEC put a stop to the crowdfunding attempt to buy the Pabst Blue Ribbon beer company, as regulations at the time considered it a sale of securities that had not been registered. SEC regulations under Rule 506 allow a certain amount of privately of fered securities, but the number is limited to 35 non-accredited investors (investors outside of a specific class of investors presumed to be able to cover their investments), a number lar gely exceeded by the nearly 5 million separate SEE CROWD FUNDING PAGE 7
INSIDE
POINTS OF INTEREST: THE TIPPING POINT PAGE 3 • BRIEFS PAGE 4 • WHO’S WHO IN LEXINGTON PAGE 6 • BUSINESS BOOK REVIEW PAGE 8 BEAUMONT CENTER DEVELOPMENTS PAGE 11 • BIZLIST: LOCAL FINE-DINING RESTAURANTS PAGE 14 • BAR & RESTAURANT TRENDSPOTTING PAGE 15 FOUR DECADES OF ALFALFA’S PAGE 16 • FARM TO RESTAURANT TABLE CAMPAIGN PAGE 17 • PARTING THOUGHTS PAGES 21 • LEADS PAGE 22
Be Medispa caters to a growing client base PAGE 9
Nicholasville wine bar offers a taste of Europe PAGE 12
Jason Noto goes from chopper to chopping PAGE 18
Lexington business seeks to help grow new mamas PAGE 20