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Succession planning leads to smoother ownership transitions
“Any business who looks out and says in 5 to 10 years, I don’t want to do this anymore,” should start succession planning now, says Richard Scrimale, chair of the business department and succession planning counsel at Hancock Estabrook, LLP in Syracuse. Succession planning, in its most basic terms, is how a business will transition […]
VIEWPOINT: Planning a Benevolent Business Exit
If you’re a business owner, at some point you may begin thinking about an exit strategy. Sometimes that strategy presents itself in the form of an unplanned, unsolicited buyer. Before you engage any potential acquirers, you might want to explore the benefits of contributing an ownership interest in your business to a donor-advised fund or
People news: Fust Charles Chambers hires audit associate
SYRACUSE, N.Y. — Fust Charles Chambers LLP announced that Taylor Chapman has joined the accounting firm as an audit associate. She will help service the
SUNY ends emergency COVID-19 vaccine mandate
ALBANY, N.Y. — SUNY will no longer require a COVID-19 vaccine for students to attend its 64 campuses, effective for summer courses. The decision coincides
Moody’s upgrades Broome County financial rating
BINGHAMTON, N.Y. — Moody’s Investors Service has upgraded Broome County’s financial rating — to A1, from A2 — for the first time since 2011. In
SYRACUSE, N.Y. — More than 20 universities are now part of what’s called the Northeast University Semiconductor Network to form a “training pipeline to build
People news: Goldberg Segalla adds attorney in Syracuse–area office
SYRACUSE, N.Y. — The law firm of Goldberg Segalla announced it has recently added Erin M. Tyreman as a special counsel in its civil litigation
Buono Construction certified as service- disabled veteran-owned business
New York State Office of General Services (OGS) Commissioner Jeanette Moy recently announced that a Binghamton–area construction firm has been certified as a service-disabled veteran-owned business (SDVOB). The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to Buono Construction, LLC, a contractor specializing in site preparation. The business is located
Former treasurer in St. Lawrence County village pleads guilty to stealing more than $73,000
NORWOOD, N.Y. — Nancy Berger, 55, the former clerk/treasurer of the Village of Norwood in St. Lawrence County, has pleaded guilty to grand larceny in the second degree for stealing $73,725 from the village. New York State Comptroller Thomas P. DiNapoli, St. Lawrence County District Attorney Gary Pasqua, and the New York State Police announced
Binghamton marketing firm earns MWBE certification
BINGHAMTON, N.Y. — MediaBrush Marketing recently received certifications as both a Minority Business Enterprise (MBE) and a Women Business Enterprise (WBE) (or MWBE together) from Empire State Development’s Division of Minority and Women’s Business Development. “It was something I wanted to do from the beginning,” owner Stephanie Krummenacker says, however the company needed to be
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