Succession Planning is Successful Planning

Among the many positives of northern Michigan’s business community is the vast number of local and family-owned companies across our business landscape. That’s important as local and family ownership often brings various assets to a region that extend well beyond a company’s bottom line. Local...

Mighty Market: Fruit Processors Expand Sales Overseas

With a population of more than 1.3 billion, China is an attractive market for many companies. Include local fruit processors among those who see the potential. Brent Bradley, vice president of sales and marketing at Graceland, said his company’s China efforts actually started in 1999, but...

Michigan-Grown Vines Take Root at Commercial Venture

Next year at this time, Tom Greyerbiehl hopes to have a new type of grapevine planted in his Benzie County vineyard. It could come not from out-of-state nurseries where he’s purchased vines before, but from the local operations of Campbell Milarch Vines, LLC. The Copemish-based venture, a...

Out of Thin Air, A Way to Fight Plant Diseases

[caption id="attachment_11128" align="alignleft" width="300"] Pure Water Works' pull-behind ozone generator first concentrates oxygen by removing nitrogen from the air. Then a high-voltage electrical charge converts the oxygen into ozone.[/caption] Bill Siegmund makes the case that owners of Michigan vineyards and orchards need only to look to...

TC Lab a Leader in Making Environmental Data Useful

With the help of updated software, SampleServe, a Traverse City environmental sampling and reporting lab, might someday know as much (or more) than its competitors and even the U.S. EPA about polluted sites around the country. Started by Russ Schindler in 2001, the seven-person company travels...

Breaking Down the DOL’s Final Fiduciary Rule

On April 6, 2016, the Department of Labor (DOL) released its final rule that redefines who is considered a fiduciary of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. The final rule focuses on...

SBA Lauds Local Lending Institutions

A local financial institution is among the winners of the U.S. Small Business Administration lenders awards for fiscal 2016. The SBA District Director’s Award was given to Northern Initiatives, a nonprofit Community Development Finance Institution that provides loans to small business owners and entrepreneurs in...

The Tax Implications of Short-Term Rentals

Beautiful northern Michigan! Lovely surroundings, increased tourism and the proliferation of web sites such as Airbnb, VRBO, and HomeAway have led to a boom in short-term rentals in northern Michigan. What, if any, are the tax implications of a short-term rental? The answer depends on a...