NNY Q&A: Boots Brewing

Co-founder of Boots Brewing Co., Daniel Daugherty at his business in downtown Watertown. Kara Dry/NNY Business

[Read more…]

From the Ashes: Potsdam couple rebuilds family legacy

Audrey and Jake Roberts in the kitchen area of Maple Rock Bed and Breakfast in Potsdam. Christopher Lenney/NNY Business

[Read more…]

Titus Mountain Focuses on Family for Success

Christopher Lenney/ NNY Business Titus Mountain is proud to be a family friendly mountain, small enough to find your way around easily but big enough that you can find the perfect terrain. 

[Read more…]

Tapping the Family Tree

CHRISTOPHER LENNEY / NNY BUSINESS
Entrepreneur Josh Parker with wife Alessandra and son Rhett at the Parker’s Real Maple road side stand in front of his County Route 21 business in Canton.

[Read more…]

20 Questions: Family Vines Run Deep at Coyote Moon Vineyards

AMANDA MORRISON / NNY BUSINESS
Philip Randazzo, owner of Coyote Moon Vineyards in Clayton, holds onto a popular bottle of wine, left, and the new label wine being produced at the vineyard.

[Read more…]

For the Love of Food, Family and Fine Wines

DAYTONA NILES / NNY BUSINESS The Di Prinzio family stands in front of Di Prinzio’s Kitchen, located at 428 Riverside Drive in Clayton. The restaurant will feature outdoor seating in the summer.

[Read more…]

Keeping family in the business

 Thomas J. Cheney in the garage at his family’s Watertown business on State Street. Cheney Tire celebrated 60 years in business in March. Amanda Morrison / NNY Business

Thomas J. Cheney in the garage at his family’s Watertown business on State Street. Cheney Tire celebrated 60 years in business in March. Amanda Morrison / NNY Business

Succeeding generations often face challenges greater than ones before for family firms to flourish [Read more…]

Family firms have much to decide

When family members consider starting a small business, one of the first problems they encounter is deciding what type of business entity to use. Family members not only own their business, but work long hours in the business to ensure its survival since they derive their livelihood from the profits. One entity option is a close corporation.

When family members decide to incorporate their business, they should be aware of three important legal concepts. are three important legal concepts that they should be aware of. Under New York state law, a corporation is a separate, distinct legal entity from its owners. It is considered a “person” with many of the legal rights of a “natural person.” It can sue, be sued, pays taxes, has Constitutional legal rights and can even be charged with a crime. [Read more…]

Overcoming family biz challenges

Depending on what sources you refer to, 80 percent to 90 percent of all businesses in the United States are family owned. I think that trend holds true locally and may even range toward the higher percentage. The fact that the majority of our business community consists of family-run ventures doesn’t mean that being in the family business is easy. In fact, many entrepreneurial families will be quick to tell you that working with family is rewarding, but can also be challenging. [Read more…]

Business as usual in family firms

Family-owned businesses are an integral part of the economy and require hard work and determination on the part of family members who run them. [Read more…]