Loading

26°F

31°F

36°F

31°F

36°F

32°F

30°F

30°F

36°F
NEWS STORIES

Business owners prepare to pass along ownership Submitted: 08/22/2013
Shardaa Gray
Reporter/Anchor
sgray@wjfw.com


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
Promoting feed beets in Wisconsin Submitted: 10/21/2014

Play Video

BRYANT - Only one farm in all of Wisconsin grows sugar beets.

Rine Ridge Farms is northeast of Antigo, in Bryant. The farm hopes more farmers will catch on to alternative dairy feed.

"They're 80% digestible where corn is usually only around 40% digestible. They're high in sugar they're 20% sugar," said Dan Rine of Rine Ridge Farms.

Beets are easy to grow in our neck of the woods.

+ Read More
Wisconsin DNR encourages composting Submitted: 10/21/2014

MADISON - The Wisconsin Department of Natural Resources wants homeowners to compost or mulch fallen leaves. This will help keep the leaves out of landfills and lower the chances of burning piles.

DNR leaders say composting means more room and landfill and less chance of stray sparks from burning piles that can start wildfires.

Fewer burning piles will also helps maintain a high level of air quality.
potassium.

+ Read More
Free meals helps fight hunger in northcentral Wisconsin Submitted: 10/21/2014

Play Video

WAUSAU - Nearly a billion people in the world don't eat enough to stay healthy. People in Wisconsin do much better than that, but too many still struggle with hunger.

One church in northcentral Wisconsin wants to help more people understand the hunger issue.

St. Paul's United Church of Christ in Wausau serves hot meals every Tuesday. They've been doing this for about a decade. More than 30 people had a hot meal Tuesday. They don't ask for an ID or any type of income verification.

They started this because they saw more people ending up on the streets.

+ Read More
Teal pumpkins to signal allergy-safe trick-or-treating in the NorthwoodsSubmitted: 10/21/2014

Play Video

NORTHWOODS - Teal pumpkins will act as a beacon to some trick-or-treators in the Northwoods this Halloween.

For kids with food allergies, gathering candy might not be an option.

A new program by the Food Allergy Research & Education organization wants to help those kids. They've come up with the Teal Pumpkin Project.

+ Read More
Humane societies see influx of kittens Submitted: 10/21/2014

Play Video

NORTHWOODS - We know fall for pumpkins, football, and falling leaves but it's also known for kittens.

Shelters in northcentral Wisconsin refer to both fall and spring as "kitten season."

The Oneida County Humane Society has already found homes for 30 kittens just in the last month. Right now the adoption center has 25 kittens.

+ Read More
Merrill's old DNR Ranger Station will become brew pub Submitted: 10/21/2014

Play Video

MERRILL - The old DNR ranger station in Merrill will become a brew pub.

The city of Merrill sold the building to a company that plans on opening up the pub within the next year. The company plans on eventually becoming a microbrewery.

The building was built in 1940. The DNR opened up a new ranger station in a different spot in Merrill a few years ago.

"When the ranger station rebuilt this building was turned back to the city and we've used it for a couple of years now since we've had it for the park and recreations summer program," says Merrill City Administrator David Johnson. "We decided to sell the property when there was an interest shown in turning it into a business."

+ Read More
Thousands of Walker-related emails releasedSubmitted: 10/21/2014

MADISON - Thousands of emails prosecutors collected during the first secret investigation into Gov. Scott Walker's former aides and associates when he was county executive have been released.

Milwaukee County Executive Chris Abele's office on Tuesday made public the nearly 16,000 emails and attachments that prosecutors seized from county and personal computers.

The investigation ended in 2013 with six of Walker's aides and associates convicted on charges ranging from theft to misconduct in office.

+ Read More
+ More General News
Search: 




Click Here