New York City, New York is an excellent place to launch a restaurants business. With a population of 8.3M and ~900K businesses, New York City offers a robust market. Restaurants face constant liability exposure from food safety issues, customer injuries, employee disputes, and liquor liability. An LLC ensures that a single lawsuit does not put your personal home, car, and savings at risk. Most landlords and investors also require a formal business entity before signing a commercial lease or funding a restaurant venture.