Experts say best succession plans prepared in advance, not out of last-minute necessity or tragedy Mylese Tucker never considered having a succession plan for her business, Nature’s Cupboard, until she served on the board of the Independent Natural Foods Retailer Association. One of the group’s first strategic goals was to implement a succession plan. “We […]
Owners usually have two choices when considering how companies will go on without them Succession planning is vital to the continuation of any business. And when there are multiple owners—partners, members, shareholders—no single document is more important than a comprehensive, up-to-date buy-sell agreement. Failure to have such an agreement adds confusion and stress at the
Thor Industries Inc. on Feb. 1 announced it had closed on its $2.4 billion purchase of European RV-maker Erwin Hymer Group. The Elkhart-based recreational vehicle maker announced the deal in September. Thor Industries says combining with Erwin Hymer of Germany creates the world’s large RV manufacturer. The acquisition excludes EHG’s North American businesses, and reflects
Companies can find wealth of free resources at public libraries A public library might be viewed by business owners and working professionals as irrelevant to their needs. They might even see them as merely a place for young families, students and retirees to borrow books or as a place to hang out. However, hidden behind
With industry experts forecasting U.S. vehicle sales to reach close to 17 million units in 2019, ArcelorMittal, a major supplier of automotive steel, has reason to be optimistic for the new year. The company said the outlook for the automotive market in North America remains strong in 2019, though it is anticipating some drop in
ArcelorMittal optimistic for 2019 with strong automotive sales forecast Read More »
Solid succession strategies keep companies growing, prospering Pete Korellis knows his business and those who work for him will be taken care of long after he decides to step away from his company. He recognizes succession plans are vital for entrepreneurs to ensure their businesses thrive in the future. “A well-thought succession plan is one
Tax cuts bring business benefits, accounting complexities On Dec. 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law. Passed by the House of Representatives on Dec. 19 and then the Senate three days later, the bill makes widespread changes to the Internal Revenue Code. Since then, the nation has had
Hustling to keep pace with sports tourism boom Sports tourism is a multi-billion dollar industry in this country, scoring big points from tiny hamlets to major cities with family-friendly “sportcations” and “tournacations.” Northern Indiana has been stepping up to the plate in recent years to not only get on base with this lucrative market, but
