Displaying items tagged: Smith Haughey Rice & Roegge PC
Experts seek federal guidance as employers offer COVID-19 vaccine incentives
A growing number of employers are offering incentives to their workers who opt for getting a COVID-19 vaccine, including with extra paid time off or small cash bonuses.
Lawsuit alleges Meritage took Anna’s House concept after deal talks stalled
GRAND RAPIDS — The company that owns the popular Grand Rapids breakfast spot Anna’s House has sued the owners of the newly-opened Morning Belle restaurant.
THE COST OF MISCLASSIFICATION: Employees Versus Independent Contractors
Increased attention in Michigan is being given to the classification of workers as independent contractors or employees. As recently as August 29, 2019, Michigan legislators were in the process of creating proposals designed to limit payroll fraud.
Business owners hold the keys to succession planning — if they take action
Some business exits go smoothly; others, not so much. The key for business owners approaching the time when they’re poised to move on is to plan early and often, and to thoroughly think through their approach to the process.
Avoiding ‘nightmare’ succession scenarios requires pre-planning, advisers say
Life happens. So does death. Professional advisers say business owners need to prepare for what happens to their companies in the event they’re taken out of commission by a sudden life-changing event — such as an illness or injury that leaves them incapacitated or debilitated, or worse. Even if an owner experiences a personal crisis that takes him away from the business for an extended period, it can have crushing effects on the company, especially without prior planning, advisers say.
Succession Planning: Finding Your Exit
For some, owning a company is the American dream. At some point in their lives, many Americans will develop and own companies. Some will thrive, and some will fail. For the ones who develop successful companies there will come a time where they will transfer control through sale, retirement, or even death.
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Time for change? Family-owned business execs must recognize signs they need to exit
Every business owner eventually comes to the point when it’s time to step aside and allow new leadership to take over. Leaders of family-owned businesses are no exception.
Knowing when: In succession planning for family-owned businesses, timing is essential
HOLLAND — When Randy Boileau started his Holland-based communications company 14 years ago, he never intended to hand it off to the next generation in his family.
Court orders Charley’s Chips to pay off outstanding debts to supplier
The company behind a popular West Michigan snack brand must pay up after it failed to chip away at its debts to a key supplier.
Mitigating cyber threats: Breaches show companies of all sizes need to plan ahead for cybersecurity
The malware attack against a Grand Rapids-based medical supplier serves as a reminder of the constant cyber threats businesses of all sizes face.
Westpack’s new owner to expand focus on niche packaging, new markets
MUSKEGON — After a career spent in a variety of management and sales roles in the packaging industry, Rich Wilson decided it was time to strike out on his own.
3 experts weigh in on what to consider before you go into business with family
While it’s common for entrepreneurs to turn to family members for business partners, it’s a practice that can come with its fair share of baggage.
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Spectrum Health appeals non-exempt property tax status for Integrated Care Campus
GRAND RAPIDS — A successful appeal by Spectrum Health to win tax-exempt status for a medical office building in Grand Rapids Charter Township could spur similar cases across West Michigan.
M&A activity may peak, but should remain elevated in 2016
If you want to sell your business this year, you still have a pretty good chance of cutting a favorable deal as the seller’s market continues.