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Displaying items by tag: Foster Swift Collins & Smith PC

Friday, 11 September 2020 10:04

Don’t Wait to Begin Business Succession Planning

A common and costly mistake when it comes to business succession planning is not starting the process early enough. By waiting too long, an owner runs the risk of not having the right people in place to run the business, as well as having much of the business’ value consumed by estate taxes. Either misstep can and sadly often does cause a business to fail when it passes from one generation to the next.

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The Paycheck Protection Program is a business relief program providing small business loans that are generally forgivable. Despite initial issues, more than 1.5 million applicants were approved for PPP loans, reaching the Program’s entire $350 billion budget in less than two weeks. There is a consensus that the Program will receive significant additional funding this week. 

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DALTON TOWNSHIP — The would-be creators of a large agricultural and industrial complex for growing cannabis have decided not to purchase long-vacant property at the North Muskegon Business Park.