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.
MADISON - A $3 billion tax break bill for Taiwan-based electronics giant Foxconn Technology Group is poised to pass the Wisconsin Assembly on a bipartisan vote.
Democratic state Rep. Cory Mason said during debate Thursday that he intends to vote for the bill. He is the first Democrat to publicly say he will back the measure that is being championed by Gov. Scott Walker and fellow Republicans.
LAC DU FLAMBEAU - On a busy stretch of Highway 47 near Lac du Flambeau -- where hundreds of wheels spin at 55 miles-per-hour each day -- just one tire drags at a slower pace, pulled by one man: the Tire Man.
"I guess I'm the only one nutty enough to do it, I suppose," Frank Tarantino said with a laugh.
Tarantino lives in Mercer, but trains for marathons in Lac du Flambeau. He started pulling a tire on a chain a few years ago after reading about it in a fitness magazine. People often stop to take his picture.
"Little by little you run a little further, a little further," Tarantino said.
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