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.
EAGLE RIVER - Some schools give out movie tickets, pizza parties, or ice cream coupons for students with good grades and good behavior. We do things a little differently here in the Northwoods.
Twenty-two students from Northland Pines Middle School will enjoy a half-day of fishing with a local guide as a reward for their success in school. The "Guides for Grades" program rewarded students on Monday for setting a good example in the classroom.
Supporters of a second softball field at Pioneer Park in Rhinelander will need to wait for any decision on if those plans can move forward.
The Parks, Buildings and Grounds Committee decided Monday night to hold a public hearing in front of the full city council before deciding on whether it wants to accept the park plans.
The Rhinelander softball program hopes to build a second softball field at Pioneer Park just south of its existing field. The program would use about $50,000 from donations and fundraisers to build the new field. Softball coach D.J. DeMeyer tells Newswatch 12 the second field would allow the city to host upwards of 70 games a year, including RHS softball games, tournaments, and city recreation leagues.
But the new field would require cutting down nearly 10 trees and take up space routinely used by the fair and farmers' market. City Administrator Kristina Aschenbrenner says she's heard from plenty of people worried about space issues.
Wisconsin Gov. Scott Walker still owes nearly $900,000 on his failed presidential campaign, which ended abruptly last fall.
The campaign has been gradually reducing its $1.2 million debt from the end of 2015. According to finance records, the campaign owed $898,676 at the end of April, down about $50,000 from the previous month.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. Rockfleet Broadcasting / Northland Television, Inc. and By Request Web Designs shall not be held responsible for any typographical errors, misinformation, or misprints.