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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.
Whether 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.
Exit 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.
A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.
Under 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.
Any number of issues can come up and any number of noses can be put out of joint, particularly when family members are involved.
The first quarter of 2025 gave businesses a lot to think about, with ever-changing trade policies, funding cuts, market volatility and so on.
J.P. Morgan Research last month put the probability of a recession in 2025 at 60%, up from 40%. It said tariffs — particularly taxes on imports from China — were a "material threat to growth."
While recessions are "inherently unpredictable," says J.P. Morgan's chief global economist, most businesses probably have some sense by now of what's ahead.
With the second half of the year in sight, Mainebiz wants to get an idea of the mindset of Maine business leaders.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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