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May 5, 2025
Business Succession and TransitionBusiness transitions: New owners seek to honor legacies while eyeing the future
Business transitions range from generational succession to local investors to buyers looking to change careers. A theme? How to maintain legacy brands while revamping with new ideas and growth potential.
- Business Succession and Transition
Business Succession and TransitionPreparing for the future: Two family businesses managing succession
- Building Business
Building BusinessBuilding Business: PC Construction breaks ground on Martin's Point headquarters
Tina Fischer
How to set yourself up for succession success
Drew OestreicherWhether you’re considering transferring ownership to a family member, working with a strategic buyer, selling to another company or converting to an ESOP, you’ll want to have some sense of who on your team would lead day-to-day operations after you leave.
How to sell your business to maximize value and minimize regret
Kristen MialeExit planning is not the same as putting a business up for sale. It’s the process of laying the groundwork in advance to ensure a smooth transition when the time comes.
Newsworthy people and performances for May 5, 2025
A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.
- Ask ACE
Ask ACEAsk ACE: How hard is it to make my LLC an S-Corp?
Carrie Green Yardley, Yardley Esq. PLLCUnder Maine law, there’s no such thing as an S-Corp, per se. You form your entity under state law (in your case an LLC), and then you elect S-Corp status with the IRS.
Editor's note: Business transitions take time and planning
Any number of issues can come up and any number of noses can be put out of joint, particularly when family members are involved.
