NEWS STORIES

Business owners prepare to pass along ownership Submitted: 08/22/2013

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RHINELANDER - Every community in the Northwoods wants their small businesses to grow.

In order for them to grow sometimes the business owner needs their children to take over the business.

The Rhinelander Chamber of Commerce wants those business owners to be prepared when the time comes.

The chamber held a Lunch and Learn session for owners today.

The session informed business owners of options to sell or transfer ownership of the business when the time comes.

Business owner Steve Ory plans for his son to take over Enterprise Wood Products in Rhinelander.

"I think this is good for the community to have somebody come in and talk to small businesses that wants to pass it along to their children," said Ory.

"The more tax and legal information you can have the better."

Sometimes the child of the business owner might not want to take over.

That's why it's important to have a back up plan.

"Be prepared. When we talk about assembling an advisory team, we talk about attorneys, business brokers to help you sell that business and a financial advisor," Morgan Stanley Wealth Management financial advisor, Tyler Krombholz.

"All these people have to work in concert to help this transition happen."

The chamber plans to have another lunch and learn session next month.

Story By: Shardaa Gray
Photo By: Shardaa Gray

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Library requests bids for expansionSubmitted: 04/23/2014

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The Eagle River city council members told the library trustees to look for new bids.

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Design and Build by Visner in Eagle River designed the expansion plan they fund-raised for.

"I think there was some disappointment on the part of the person that created the conceptual design that we fund-raised with," said Library Trustees President Tina Koller. "But they've stepped up to the plate and are willing to participate in the bidding process. So this is where I think we can really move forward today."

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Correction: Northwoods man initially charged with attempted homicide, takes plea deal Submitted: 04/23/2014

LAC DU FLAMBEAU - We want to correct a mistake we made in our Newscasts at ten last night and again this morning.

The story was about 31-year old James Peterson of Lac du Flambeau who accepted a plea deal.

We wrongly said he had originally been charged with first degree intentional homicide.

He actually had been charged with attempted first degree intentional homicide and was convicted of reduced charges.

We apologize for that error.

Witnesses told police Peterson showed up to a party with a knife and drunkenly started a fight.

Other witnesses say Peterson was attacked.

This week he accepted a plea deal.

Peterson pleaded no contest to hurting someone by carelessly using a weapon.

He was also found guilty of a second O-W-I.

Peterson will find out his sentence in August.

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