Rachelle Damico

Apr 19, 2024 | crainsdetroit.com | Rachelle Damico |MGM Grand Detroit

After nearly 80 years in business, Haviland Enterprises Inc. transitioned its family-owned company to a 100% employee-owned business using an employee stock ownership plan.

Apr 17, 2024 | crainsdetroit.com | Rachelle Damico

Companies such as Gardner White, Carhartt and Meijer have been family-owned and -operated for generations. Yet, passing down a company to the next generation isn’t always a given nor always the best option for a variety of reasons.

Apr 17, 2024 | crainsdetroit.com | Rachelle Damico

Selling: Some business owners need cash or assets to help fund their retirement, Jinsky said. In this case, a sale would be an appropriate option. Gifting: Those who are financially independent, however, can gift the business to a family member. However, they should consult an adviser about current state or federal gift tax laws. Gifting shares can help family business owners reduce future estate tax exposure. This year's federal lifetime exemption — which sunsets on Dec.

Sep 17, 2023 | crainsdetroit.com | Rachelle Damico

September 18, 2023 05:45 AM 35 minutes ago

Aug 21, 2023 | crainsdetroit.com | Rachelle Damico |Sonya Hill

A commercial construction boom - especially that driven by the rapid rise of plant construction for the electric-vehicle industry - is driving some of Southeast Michigan's fastest-growing companies. Two of the biggest players in that business appear in the top five in Crain's Fast 50 ranking for...