Loading

10°F

11°F

11°F

11°F

10°F

12°F

11°F

11°F

10°F

10°F

11°F

16°F

11°F
NEWS STORIES

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

Shardaa Gray
Reporter/Anchor
sgray@wjfw.com

Play Video

Photos By Shardaa Gray

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.

Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
Local churches deliver Thanksgiving mealsSubmitted: 11/27/2014

RHINELANDER - Members of two local churches came together this Thanksgiving to serve the community.

Grace Foursquare Church and North Country Vineyard Church in Rhinelander prepared and delivered meals to people in the area.

+ Read More
Friendship House provides free Thanksgiving meal for the communitySubmitted: 11/27/2014

RHINELANDER - Many local businesses want to pay it forward this Thanksgiving. That includes Friendship House in Rhinelander.

+ Read More
Eagle River native releases album with her bandSubmitted: 11/26/2014

Play Video

EAGLE RIVER - A Northland Pines graduate keeps finding success as a musician.

Autumn Skibinski started a Kickstarter campaign back in June for her band "Only on Tuesdays."

It's helped finance her band's extended play album.

Now, that record, entitled "Break Free," was released this week.

The group credits the generosity of complete strangers for the revenue.

+ Read More
Balanced plate could be best option for Thanksgiving mealSubmitted: 11/26/2014

Play Video

RHINELANDER - Americans will eat more than 40 million turkeys Thursday, and that won't be the only delicious food on the table.

Thanksgiving can start weight gain for many people across the country. Dieticians like Jennifer Mikulich with Aspirus say this is the time of year when some patients avoid their dieticians. She believes the key to a healthy day is a balanced plate.

"You know have a balance between those foods that have some carbohydrates and those foods that don't," Mikulich said. "If you're somebody that is a really big sweet eater and you know there is pecan pie and pumpkin pie, well maybe you won't have the dinner roll and the mashed potatoes."

+ Read More
Milwaukee students protest Ferguson shooting caseSubmitted: 11/26/2014

MILWAUKEE - The family of a black man fatally shot by a white police officer in Milwaukee is showing solidarity with the family of Michael Brown.

More than 100 protesters gathered in Red Arrow Park in downtown Milwaukee and then marched through the streets Tuesday demanding justice for both Brown and for Dontre Hamilton, a Milwaukee man killed by Officer Christopher Manney earlier this year.

+ Read More
Intriguing projects neededSubmitted: 11/26/2014

ONEIDA COUNTY - Your organization can get some free help solving a challenge or working on a project.

Sixteen members of the Leadership Oneida County program are spending nine months getting to know the services and organizations in the county.

One of their requirements for graduation is to complete a community project by this coming May.

+ Read More
Small Business Saturday: why stores want you to shop localSubmitted: 11/26/2014

Play Video

RHINELANDER - Following Thanksgiving Day shopping and after Black Friday, Northwoods businesses hope you'll stick around for one more shopping day- Small Business Saturday.

The day encourages shoppers to stay local and help businesses in the community.
Small Business Saturday first began in 2010.

Last year consumers spent about $5.7 billion at independent stores.

Shops like Imaginuity in Rhinelander have jumped on board to bring in customers.

+ Read More
+ More General News
Search: 




Click Here