How to Succeed in Succession Planning

According to the Family Firm Institute, only 30 percent of family businesses survive into the second generation, and by the third generation, only 12 percent remain viable. There are many reasons why family businesses fail, but all too often, they succumb because the owners neglect to plan for an orderly transition from one generation to […]

Greater Lansing: A Region Rich in Entrepreneurial Spirit

What are the characteristics that define a great region? No doubt, you’ll get many different answers depending on whom you ask. Some of the most likely answers you would hear include strong education, jobs, infrastructure, safe, walkable communities, quality housing, recreation and cultural options and a clean environment.In my years as an educator and business […]

Will You be Hit by the Medicare Surtax?

On January 1, a new 3.8 percent tax on certain kinds of investment income took effect. The Medicare surtax (officially termed the Unearned Income Medicare Contribution) is slated to affect single filers with adjusted gross incomes above $200,000 and most joint filers with adjusted gross incomes above $250,000, according to the Wall Street Journal online. […]

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