Loading

48°F

49°F

46°F

47°F

46°F

47°F

49°F

51°F

46°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
What We're Working OnSubmitted: 10/21/2014

- We'll tell you how a study into the impact of water weevils on Eurasian water milfoil turned out.

- Plus, we know fall is for pumpkins, football and falling leaves. But it's also known for kittens. We'll tell you why tonight.

We'll have the details on these stories and more tonight on Newswatch 12 - news from where you live.

+ 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
Rennes Health and Rehab Center to expandSubmitted: 10/21/2014

RHINELANDER - The Rennes Health and Rehab Center in Rhinelander will add an extra 10,000 square feet to its facility.

The center hosted a groundbreaking ceremony Tuesday. It offers rehabilitative and skilled nursing services.

Right now the facility has 72 beds.

+ Read More
Rhinelander Area Food Pantry Open HouseSubmitted: 10/21/2014

RHINELANDER - The new Rhinelander Area Food Pantry features new aisles for easier shopping, a sitting area, and large scale for weighing food.

You could see the updates at the Rhinelander Area Food Pantry Tuesday. The pantry held an open house to celebrate its new location.

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

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
Home sales hold steady in WisconsinSubmitted: 10/21/2014

MILWAUKEE - Wisconsin's housing prices climbed slightly in September as the level of home sales remained about the same compared to a year ago.

The latest figures from the Wisconsin Realtors Association show housing prices rose about 3 percent. The median price of a home rose from about $144,000 to nearly $149,000.

+ Read More
Help for bat could hurt timber industrySubmitted: 10/21/2014

GREEN BAY - The northern long-eared bat needs help.

Efforts are being made to find ways to help the bat, while not hurting the timber industry. The U.S. Fish and Wildlife Service has proposed protections for the bats, including adding it to the endangered species list.

Bats have been dying by the millions since the deadly white-nose syndrome was found in 2006.

+ Read More
+ More General News
Search: 




Click Here