November 4, 2022

A shell company is a company without active business operations or significant assets. Shell companies have been used for a myriad of purposes for years throughout the world. Whether used for security reasons, liability or estate planning purposes, as holding companies, or as tax havens – shell and front companies are widespread in the global economy and frequently used to shield or distance ownership identity. In many parts of the world, shell companies are legal. Their use for illegal purposes, such as tax evasion, fraud, and evasion of international sanctions, has received increased scrutiny of late.

July 5, 2022

As both our personal and professional worlds become increasingly digitized, sticking to old cash-and-check payment systems means businesses are losing time and money. Even for companies that are already accepting card payments, investing in modernized and integrated processes improves efficiency; provides value through increased collections, lowered cash handling costs and incentives; and improves your business’s relationship with clients and customers, inspiring loyalty.

July 5, 2022

Selling a closely held business is often one of the biggest events in a business owner’s life. The professional and personal impact is tremendous, and the process is complex, often involving careful coordination of wealth management, estate and charitable planning, tax, and business transition and investment banking experts to get the deal done. Despite the complexities, the sale can be successfully accomplished by dividing the process into five distinct steps, outlined below.

July 5, 2022

Finding and keeping quality talent continues to be a top concern for companies of all sizes. For small businesses, the challenge is that much more daunting because we are often competing against much larger organizations with vast resources and brand recognition. It’s metaphorically like treading water in the deep end of a pool, or in some cases, the unfriendly seas!

August 10, 2022

When COVID hit in 2020, and the world shifted to a new way of working, a few key players on the Goering Center team retired. There was so much love and respect for these folks that it was hard to work through the transition. Ultimately, it opened up the best professional opportunity I’ve had in my lifetime – leading our roundtable program.

September 9, 2022

In 1946, Batesville Products, Inc. began as a father-son team. In 1966, Justin Weber took over from the Laugle family, and the Weber family presence has remained strong in the business – from board members and senior leadership to production employees. Today, BPI welcomes the third generation to the company.

September 9, 2022

Since 1924, Baxter Burial Vault Service provides an important piece of the final care for those who have lost loved ones, including during times of war, terrorism, natural disasters, and pandemics. The organization cares deeply for their customers and ultimately the families they serve. Positivity is essential – the leadership team brings humor and camaraderie into the workplace, encouraging employees to find light in the difficult times.

September 9, 2022

When he worked as an engineering firm’s marketing VP, Dr. Sid Barton’s diverse team was extremely close and successful. His boss was known for hiring horses – people who take something and run with it – and he asked Barton his secret. “I said, ‘We have a lot of horses, but I am a jockey. I let these people run, but I’m here to help them.’” This perspective has helped drive Barton’s success over the years – both at the Goering Center and the University of Cincinnati’s Carl H. Lindner College of Business. Barton’s been in a variety of roles at the Goering Center since its inception in 1989, and he is the deserved recipient of the Center’s first ever John Goering Impact Award.

September 9, 2022

The power of a great company culture is that it makes a business stronger and more resilient in the face of adversity. RiskSOURCE Clark-Theders, a risk management and property and casualty insurance business, learned just how strong its culture was during the pandemic.

October 7, 2022

On June 24, 2022, Governor DeWine signed 2022 House Bill 515 (“HB 515”), which codifies two distinct situations in which the sale of an equity or ownership interest in a business will be considered business income.