Fall-2006
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The cardiovascular team of NICP, pictured left to right:<br />
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Dr. Marchand. Sitting: Dr. Harris, Dr. Linert and Dr. Sehgal.<br />
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Valpopourri<br />
Did you know?<br />
The first airfield in Valparaiso was<br />
located at the corner of Calumet Ave.<br />
and Vale Park Rd., and was owned by<br />
Urschel Laboratories, Inc. (This area is<br />
now known as Cumberland Crossing.)<br />
The Magazine of the Greater Valparaiso Chamber of Commerce<br />
Volume 6 Issue 4 <strong>Fall</strong> <strong>2006</strong><br />
Contents<br />
ON THE COVER: Kyle Kuebler, airport manager<br />
for the Porter County Municipal Airport<br />
▲<br />
Cover photo and photos on this page<br />
by Aran Kessler Photo Imaging<br />
Valpo 4<br />
Taking Off<br />
How the Porter County Airport<br />
Impacts Economic Development<br />
Aviation Museum 6<br />
Offers Visitors a Glimpse of History<br />
Air Charters 8<br />
and Flight Schools<br />
Bring the Sky Within Reach to<br />
Local Travelers<br />
Chamber Focus 11<br />
The Valpo Chamber’s<br />
Leadership Development/<br />
Community Engagement<br />
Committee Conducts Leadership<br />
Programs for Valpo Professionals<br />
Chamber 12<br />
Network Night<br />
Business-to-Business Networking<br />
Event on Thursday, Oct. 26<br />
Ask An Expert 18<br />
Expert answers to your<br />
business questions.<br />
What entity choice should I choose<br />
when beginning a new business?<br />
Sections<br />
New Chamber Members 14<br />
Around Town 16<br />
Business Spotlight 21<br />
Our Voice 26<br />
Calendar of Events<br />
www.connecttovalpo.com<br />
FALL <strong>2006</strong><br />
A publication of the Greater Valparaiso Chamber of<br />
Commerce. 162 W. Lincolnway, Valparaiso, IN 46383<br />
Phone (219) 462-1105 Fax (219) 462-5710<br />
gvcc@valparaisochamber.org<br />
www.connecttovalpo.com<br />
www.valparaisochamber.org<br />
GREATER VALPARAISO CHAMBER OF COMMERCE<br />
Rex Richards, President<br />
Amy Page, Senior Vice President, Member Services<br />
Ashli Bowen, Marketing & Communications Specialist<br />
Julie Gaskell, Administrative Assistant<br />
Danielle Oeding, Advertising & Membership Sales<br />
Renee Egan, Bookkeeper<br />
Debbie Pulley, Support Staff<br />
VALPARAISO MAGAZINE<br />
Publisher: The Greater Valparaiso Chamber of Commerce<br />
Design and Production: Griffin Marketing Services, Inc.<br />
Editor: Griffin Marketing Services, Inc.<br />
Printing: Home Mountain Publishing, Inc.<br />
Mailing: Flanagin’s Bulk Mail Service<br />
VALPARAISO MAGAZINE is published quarterly by<br />
the Greater Valparaiso Chamber of Commerce, P.O.<br />
Box 330, Valparaiso, IN 46384-0330. To submit<br />
“Around Town” entries, call 219-462-1105 or send<br />
to: gvcc@valparaisochamber.org, Attn: Editor.<br />
For advertising inquiries, call 462-1105.<br />
VALPARAISO MAGAZINE circulates 16,500 copies<br />
per issue by direct mail to all businesses, and, on a<br />
rotating basis, to most households in the 46383,<br />
46384 and 46385 zip codes. Subscriptions may be<br />
purchased at an annual rate of $12, for those<br />
outside our regular circulation.<br />
www.connecttovalpo.com<br />
3
When executives at Pratt Industries were considering<br />
places to locate another facility for their<br />
packaging manufacturing business, several<br />
meetings between Pratt and city officials actually took<br />
place in the conference room at the Porter County<br />
Municipal Airport. These negotiations eventually led to<br />
the construction of a corrugating plant near East Point<br />
Centre, and one has to believe that the convenience and<br />
quality of the facilities helped present this community in<br />
a very positive way to Pratt officials.<br />
“We are extremely proud of our terminal and facilities<br />
and the role the airport plays in the economic growth<br />
of this area,” explains Kyle Kuebler, airport manager. But<br />
whatever small role the airport may have contributed, it’s<br />
only the tip of the iceberg. Kuebler cites a 2003<br />
Economic Impact Study published by the Aviation<br />
Association of Indiana that attributes nearly $23 million<br />
dollars of economic impact for that year. “This amount<br />
represents a factor roughly 25 times the operational budget<br />
of the airport and roughly 50 times that of the levy to<br />
meet the budget.”<br />
In fact, according to numerous studies, airport construction<br />
and utilization is among the most significant<br />
economic engines at work in the United States today. The<br />
study cited by Kuebler addresses not only the economic<br />
benefits generated at individual airports throughout the<br />
state of Indiana, but also the economic benefit for the<br />
entire state.<br />
(cont. on page 6)<br />
4 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
▲<br />
▲<br />
Photos by Aran Kessler Photo Imaging<br />
www.connecttovalpo.com 5
Valpo Taking Off (cont. from page 4)<br />
The findings reveal that the total annual<br />
impact of direct and indirect airport economic<br />
activity on Indiana's economy is estimated to<br />
be more than $2.8 billion per year. These<br />
expenditures in turn generate an induced<br />
annual impact of more than $1.3 billion. In<br />
addition, transportation cost savings exceeded<br />
more than $455 million, providing a total<br />
annual impact of more than $4.6 billion.<br />
Also, airports mean jobs to communities.<br />
At Indiana airports, more than 18,940 people<br />
are employed, representing more than $478<br />
million in direct wages statewide. Porter<br />
County Municipal Airport board president<br />
Paul Chael also emphasizes the jobs the facility<br />
generates through the people it employs and<br />
those employed by other companies who provide<br />
services for, or at, the airport. “With eight<br />
full-time and two part-time employees plus<br />
nearly 60 other full and part-time employees<br />
who work for other companies located here, it’s<br />
important to recognize the financial impact<br />
this provides to the area,” he explains. “Also,<br />
we are continually working on facilities and<br />
runways, adding technology and other<br />
improvements which bring in local construction<br />
companies and other contractors and vendors.”<br />
With a 7,000 foot runway – longer than<br />
any at Midway Airport – the Porter County<br />
Municipal Airport has come a long way since<br />
its inception in 1949 when residents including<br />
“I don’t think most people have any idea of the scope<br />
of activity that takes place here.”<br />
a World War II pilot, pulled together a coalition<br />
of business and civic groups to spearhead<br />
a movement to convince the county to pass an<br />
ordinance creating a Department of Aviation.<br />
This led to the construction of an 1800 foot by<br />
50 foot north-south runway, a 2000 foot by<br />
200 foot east-west runway and a modest terminal<br />
which also housed the administration.<br />
Throughout the 60s, 70s and 80s various<br />
other navigational aids, taxiways, hangars and<br />
apron areas were constructed, and continual<br />
improvements and technological upgrades<br />
were implemented. Finally, in 1997, a new<br />
corporate complex/terminal was opened, providing<br />
an impressive<br />
5250 square foot terminal<br />
area comprised of a<br />
plush passenger lobby,<br />
pilot’s lounge and rest<br />
area, computerized<br />
flight planning, vending,<br />
restrooms and, of<br />
course, the aforementioned<br />
conference<br />
room. The second<br />
floor provides lease<br />
space for corporate<br />
flight offices. An<br />
18,000 square foot<br />
hangar offers accommodations for large business<br />
jets for owners based in the area as well as<br />
for transient users. All-in-all the airport occupies<br />
718 acres.<br />
“Considering all of our recent improvements,<br />
the airport has positioned itself as the<br />
full service airport of choice when traveling to<br />
and from Northwest Indiana,” Kuebler says.<br />
“We have the most up-to-date technology and<br />
systems and a staff dedicated to customer satisfaction.”<br />
The first glimpse Bob Swinehart, president<br />
and chief operating officer of Emerson<br />
Power Transmission, had of Valparaiso was<br />
6 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
Jim Read was having the time of his life<br />
when suddenly things went wrong. Very<br />
wrong. It was July 4, 1998 and he was putting<br />
his new toy – a vintage 1947 Corsair<br />
warbird aircraft – through a series of loops<br />
and belly rolls. The plane had recently<br />
arrived in Rockford, Illinois from its previous<br />
home in England where he had bought it<br />
almost a year previously. This was Read’s<br />
first flight in the aircraft the Japanese in<br />
World War II had nicknamed “Whistling<br />
Death” because of the distinctive sound of its<br />
engines. But on this day, it almost lived up<br />
to that name for Read and his cockpit companion<br />
Don Keller.<br />
“It flew very easily and was quite nimble<br />
for a big airplane,” he explains. “I rolled it<br />
upside down, came through a hole in the<br />
deck (clouds), and the engine backfired so<br />
loudly I thought it would fall out!” After<br />
much wrestling with the controls and an<br />
emergency call to a nearby airfield in<br />
Freeport, Read brought the aircraft back to<br />
earth – on its wheels – and instead of<br />
“I rolled it upside down,<br />
came through a hole in<br />
the deck (clouds), and<br />
the engine backfired so<br />
loudly I thought it<br />
would fall out!”<br />
– Jim Read<br />
becoming history, Read’s magnificent aircraft<br />
(not to mention the pilot himself) is preserved<br />
for history at the Indiana Aviation<br />
Museum at the Porter County Municipal<br />
Airport.<br />
Today the Corsair is one of the focal<br />
points of a unique and intriguing collection<br />
of 11 vintage aircraft housed in a hangar at<br />
the east end of the Airport. And, like each of<br />
the other planes in the group, it still flies.<br />
Included in the museum are a P-51D<br />
Mustang, F4U5N Corsair, T-28 Trojan, AT-<br />
6G Texan, P-17 Stearman, L-2 Grasshopper,<br />
A-37A Dragonfly, T-34B Mentor, and DHC<br />
1 MK 22 Dehavilland Chipmunk.<br />
Creation of the museum was the direct<br />
result of the curiosity it aroused in visitors to<br />
the airport. “When we would open the<br />
hangar up to work on the airplanes, people<br />
would stop and come in just to watch,” Read<br />
explained. “They would ask a lot of questions<br />
and got us to thinking that (a museum)<br />
might be an asset to the airport and the<br />
community.”<br />
He filed for nonprofit status for the<br />
concept and the rest, as they say, is history.<br />
The airport is open to the public 10-4 on<br />
weekends.<br />
Read and several of his pilot friends still<br />
take to the air in the remarkable machines,<br />
and can be frequently seen flying in formation<br />
over the communities of Porter County.<br />
“It’s a lot of fun,” Read says.<br />
– Mark Taylor, board vice president,<br />
Porter County Municipal Airport<br />
from the runway at the Porter County<br />
Municipal Airport in the early 90s. “An<br />
Emerson plane picked me up in St. Louis and<br />
dropped me off here,” he explains. “At the<br />
time, the terminal was not a very impressive<br />
structure, but this new facility holds its own<br />
with any small airport in the country.”<br />
Executives from Emerson fly in and out of<br />
Valpo several times a month, according to<br />
Swinehart, and having a convenient airport is<br />
critical to his company’s success. “We have<br />
plants and offices in places where there are no<br />
direct commercial flights,” he says. “When<br />
you can either spend five or six hours driving<br />
to Kentucky or fly there in one hour and be<br />
back the same day, the decision is really not difficult<br />
to make.”<br />
“I don’t think most people have any idea<br />
of the scope of activity that takes place here,”<br />
airport board vice president Mark Taylor says.<br />
With 35-40,000 operations per year, the Porter<br />
County Municipal Airport is among the<br />
busiest in Indiana. It is also in the top two in<br />
the number of aircraft based there. “This is a<br />
prime example of what government can do<br />
right. The growth of this place is amazing in<br />
the last ten years.”<br />
“We’ve always tried to jump out ahead of<br />
the demand (for service),” Chael adds. “We<br />
Photo by Aran Kessler Photo Imaging<br />
have operated on the philosophy of ‘build it<br />
and they will come,’ and it has worked real<br />
well.”<br />
This thriving, growing, hustling entity<br />
serves as an integral cog in the economic<br />
machinery that helps support business and<br />
commerce in the entire Porter County area. It<br />
provides a critical link between Northwest<br />
Indiana and literally the rest of the world for<br />
local corporations such as Family Express,<br />
Focus Enterprises, Chester Inc., Urschel<br />
Laboratories, Inc., Task Force Tips, North<br />
Coast Distributing, Emerson Power<br />
Transmission and many others. The airport is<br />
also the place to go for flight instruction, charter<br />
flights, scenic excursions and connections<br />
to the two big Chicago airports.<br />
Pete Peuquet, CEO and chairman of the<br />
board of Chester Inc., can literally watch the<br />
runway from his office at company headquarters.<br />
His company has found the accessibility<br />
and convenience of the airport to be a tremendous<br />
asset. “When we’re doing jobs outside<br />
the area in places like Detroit, Louisville or<br />
Atlanta, it is extremely productive to be able to<br />
hop on a charter, fly to the site and be back and<br />
working the same day,” he says.<br />
Executives at Chester have also benefited<br />
from the amenities the airport makes available<br />
to incoming customers. “Often our clients will<br />
fly in and meet us right at the airport in their<br />
conference room. This is so convenient and<br />
means we don’t have to rent hotel conference<br />
facilities.”<br />
Stewart McMillan, President of Task Force<br />
Tips, says that his company has been taking<br />
advantage of the airport for years. “The Porter<br />
County Airport has been a huge resource to<br />
Task Force Tips,” he explains. “We can leave in<br />
the morning with a team of engineers, pickup<br />
a tool manufacturer in Piqua, Ohio, fly to<br />
Pennsylvania, have a four or five hour meeting<br />
with a critical supplier of castings, drop off the<br />
tool maker in Ohio on the way home (after<br />
(cont. on page 10)<br />
www.connecttovalpo.com 7<br />
▲<br />
▲
Air Charter Services and Flight Schools<br />
Bring the Sky Within Reach to Local Travelers<br />
The flight that started it all – a 12-second, 120-foot-long sojourn on the windswept sands of Kitty Hawk in 1903 – set into motion<br />
a series of events that, as much as any, created and defined the 20th Century. Even though it happened nearly 103 years ago, the<br />
hypnotic allure of flight still amazes and attracts people today. For some people, flying is a hobby; for others, an integral part of<br />
their business. That’s why the Porter County Municipal Airport offers a wide range of services that cater to everyone’s needs – from<br />
the pleasure flyer, to the corporate fleet, to the traveler who simply needs to get somewhere fast.<br />
▲<br />
John Slegers (left) president of Eagle<br />
Aircraft stands in front of the recently<br />
renovated hangar and facilities with<br />
Lisa Lynch, operations manager and<br />
Dr. John Read, founder and current<br />
vice president of the organization.<br />
The 4500 square foot office and classroom<br />
structure is adjacent to the<br />
company’s bright, expansive hangar.<br />
At any given time, some 50-60 aviation<br />
students are in various stages of<br />
flight training by the staff at Eagle.<br />
▲<br />
▲<br />
Photo by Aran Kessler Photo Imaging<br />
Eagle Aircraft<br />
Founded by Dr. John Read some 30 years ago, Eagle Aircraft<br />
specializes in aviation training, but also offers a full spectrum of<br />
other flight-related services. With a mission “To promote and<br />
support a thriving general aviation industry in Porter County<br />
and throughout Northwest Indiana,” Eagle Aircraft provides:<br />
❏<br />
❏<br />
❏<br />
❏<br />
Flight instruction<br />
Aircraft rental and sales<br />
LaserGrade testing facilities<br />
Discovery Aerial Tours<br />
For more information call 219-464-0132.<br />
Midwest Air Link<br />
Midwest Air Link provides daily shuttle services<br />
to Midway and O’Hare, effectively cutting drive<br />
time by as much as two-thirds and at a cost that<br />
is less than a private limousine service. Trip time<br />
from terminal to terminal averages 25 minutes to<br />
Midway and 40 minutes to O’Hare and passengers arrive at<br />
luxurious executive terminals in both airports. “The experience<br />
is VIP all the way,” says John Slegers, president of the<br />
organization. “It is a tremendous value and makes Valpo accessible<br />
to anywhere in the world.”<br />
For information call 219-465-2104.<br />
Midwest Air Charter<br />
This company provides charter flights to anywhere in the<br />
contiguous US and Alaska aboard a Cessna Citation V<br />
which flies at 480 miles per hour at 40,000 feet. “We can<br />
take up to eight passengers to the destination of their<br />
choice,” explains Curt Morse, chief pilot and director of<br />
flight operations. From shuttle flights to and from the<br />
Chicago hubs – or any other major airport – Midwest provides<br />
a no hassle, luxurious flight experience.<br />
“We really pamper our customers,” Morse adds. “We<br />
can even have a rental car on the tarmac waiting for<br />
them.”<br />
8<br />
For information call 219-776-0516.
www.connecttovalpo.com<br />
9
VALPO TAKING OFF (cont. from page 7)<br />
further discussions have occurred on the plane)<br />
and have everyone home at their own dinner<br />
table and in their own beds.”<br />
McMillan also appreciates the sheer practicality<br />
of the concept. “It allows us to have<br />
more minds focus on a problem with less cost<br />
and still maintain the quality of life for our<br />
employees. With our aircraft we can deliver<br />
eight people anywhere east of the Rocky<br />
Mountains nonstop<br />
in less time<br />
“If we could<br />
just get<br />
more people<br />
to think<br />
about the<br />
value of this<br />
airport, how<br />
important it<br />
is to people<br />
coming to<br />
visit the<br />
area, the sky<br />
is the limit”<br />
than it takes to<br />
drive to O’Hare<br />
and go through<br />
security.”<br />
“If we<br />
could just get<br />
more people to<br />
think about the<br />
real value of this<br />
airport, how<br />
important it is<br />
to people coming<br />
to visit the<br />
area, the sky is<br />
the limit,” says<br />
John Slegers,<br />
president of<br />
Eagle Aircraft,<br />
which operates<br />
its aviation<br />
– John Slegers,<br />
training school,<br />
president of charter service<br />
Eagle Aircraft and Cessna<br />
dealership out<br />
of the airport<br />
facility. “To realize that you can literally fly to<br />
any place in the world from here and that anyone<br />
from anywhere can get here by air is a<br />
tremendous asset and advantage to this community.”<br />
While growth over the past decade has<br />
been extraordinary, the future looks even<br />
brighter according to Chael, even though the<br />
local aviation industry – like the rest of the<br />
country – was rocked by the events of 9/11.<br />
“We had a dip (in activity) for a short time, but<br />
ultimately grew in spite of the tragedy.”<br />
In fact, Taylor points out, general aviation<br />
has grown since that day, and the changes taking<br />
place in the entire industry bode well for<br />
operations like Porter County’s. “The wave of<br />
the future seems to be away from hubs (like<br />
O’Hare and Midway) and towards local airfields,”<br />
he says. “People are looking for ways to<br />
avoid the hassles of the major hubs.”<br />
Chael adds another factor: “A whole new<br />
generation of light jets is going to cause the system<br />
to blossom,” he says. “A reduction in capital<br />
costs and technology in the design of aircrafts<br />
are going to make private flying a lot<br />
more attainable for more companies.” Plus, he<br />
adds, technologies like GPS and other protocols<br />
make it easier and more affordable for<br />
local airports to provide the same level of control<br />
as larger airports do.<br />
This sea change in air travel also promises<br />
a bright future for those current local operators<br />
who provide air taxi flights to and from the<br />
hubs as well as throughout the country. (See<br />
Midwest Air Link and Midwest Air Charter<br />
sidebar.) “I truly believe you’re going to see<br />
great growth in these areas as people turn to<br />
their local options,” Taylor says.<br />
▲<br />
▲<br />
GETTING READY TO TUG.<br />
Moving airplanes from hangars to the<br />
tarmac requires the use of a vehicle<br />
known as a "tug." Here (left to right)<br />
Jim Bilic, line technician, Dave<br />
Bachman, director of maintenance<br />
and Kyle Kuebler get ready to set an<br />
airplane for boarding.<br />
Photo by Aran Kessler<br />
Photo Imaging<br />
But these great opportunities for small airports<br />
also provide some challenges.<br />
“Technologies involved in aviation and the<br />
needs of the user are ever-changing, and to succeed<br />
as an industry, we must grow and modify<br />
our facilities and services to meet those needs.”<br />
The Porter County Municipal Airport has<br />
received numerous awards in the last five years,<br />
has hosted several airshows and events, and<br />
Kuebler was named Indiana Aviation Person of<br />
the Year in 2003 by the Aviation Association of<br />
Indiana.<br />
“Probably the greatest compliment we can<br />
receive is when people from other communities<br />
come here to study how we run our operations,”<br />
says Chael. “This has been happening<br />
a lot lately, and it is a tribute to Kyle and the<br />
rest of our staff.”<br />
To Kuebler, awards are fine, but the passengers<br />
and users are most important. “We<br />
focus on service and convenience,” he explains.<br />
“Our philosophy is to be proactive to the needs<br />
of our customers. From the amenities they<br />
find in our terminal, to the conditions of our<br />
landing areas, our staff does whatever it takes<br />
to ensure an efficient and pleasing experience<br />
at our facility.”<br />
By combining state-of-the-art technology<br />
with unparalleled customer service, it’s easy to<br />
see why airport officials unanimously agree<br />
that the sky, indeed, is the limit.<br />
Member<br />
FDIC<br />
10 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
The Valpo Chamber’s Leadership Development/Community<br />
Engagement Committee conducted several professional leadership<br />
events designed to provide skills and techniques for engaging<br />
young professionals in the community. The Committee teamed up<br />
with United Way September 21, <strong>2006</strong> to present Map to the Minefield:<br />
Choosing Your Guide to Becoming a Professional Leader at Strongbow<br />
Inn. A moderated forum of six community leaders discussed how to<br />
choose the right mentor. They also shared personal experiences, both<br />
as mentors and individuals who were mentored earlier in their careers.<br />
The committee also hosted the first Speed Networking event at<br />
the Chocolate Café in downtown Valparaiso on October 6, <strong>2006</strong>.<br />
Inspired by the speed dating rage, Speed Networking is designed for<br />
those whose business success benefits from meeting new people, referrals<br />
and marketing. Structured and fast-paced, Speed Networking<br />
allows participants to interact with other professionals one-on-one, for<br />
a set period of time. Participants walk away with more new contacts<br />
in one evening than some make in six months.<br />
The committee was established late in 2005 in response to the<br />
desire of Chamber members – particularly young professionals – for<br />
guidance on how to become actively involved in the community and<br />
engaged as a leader. The committee, led by co-chairs Bill Trowbridge<br />
of Harris N.A. and John Seibert of Opportunity Enterprises, develops<br />
programs that instill a heightened personal commitment to community<br />
involvement and build awareness of the opportunities and challenges<br />
that exist in the Valparaiso area.<br />
"Our principal goal is to provide emerging and existing leaders<br />
with opportunities to enhance their business and community knowledge,<br />
civic network and leadership skills,” explains Trowbridge. “The<br />
Leadership Development/Community Engagement Committee will<br />
serve as a continual source of active volunteers committed to the development<br />
and advancement of Valparaiso.”<br />
In addition to Trowbridge and Seibert, the committee consists of:<br />
Andrea Proulx Buinicki (United Way of Porter County), Dan McGuire<br />
(Valparaiso Department of Parks and Recreation), Craig Menne<br />
(General Insurance Services, Inc.), Jon Schmaltz (Burke Costanza and<br />
Cuppy LLP), Antonice Thomas-LeRoy (Manpower), Kris Parker<br />
(Purdue Extension, Porter County), April Wolford (Harris N.A.),<br />
Melissa Fagen, (Fagen Pharmacy), Jamie Jaurez (Meridian Title),<br />
Anna Parker (Porter County Convention Recreation & Visitor<br />
Commission), Kevin Pressel (Chester, Inc.), and Mark Ribordy<br />
(North Coast Distributing, Inc.) In addition, Amy Page and Rex<br />
Richards of the Valpo Chamber, Deb Butterfield of Porter and Jim<br />
Jorgensen of Hoeppner Wagner & Evans LLP provide expert guidance<br />
and experience.<br />
www.connecttovalpo.com<br />
▲<br />
LEADERSHIP ACADEMY PARTICIPANTS (from left to right):<br />
Michael Mika, Martin Sonnenberg, Charles Hurst, Kevin Pressel,<br />
Kacie Harrington, Barry Pruett, Matt Harvey (photo cont. on page 19)<br />
“My initial role as a co-chair of this committee was to serve in a<br />
leadership position, working with the committee to set direction and a<br />
vision,” says Seibert. “Ultimately, it has been a privilege to coach and<br />
support the group of young professionals who serve on this committee.<br />
They are some of the most talented and dedicated individuals I have<br />
come in contact with. Their visions are extraordinary and their commitment<br />
to engaging their peers in the community, as leaders, is to be<br />
commended.” (cont. on page 19)<br />
Large or Small . . .<br />
Few or Many<br />
The solution has<br />
always been close<br />
to home<br />
• Stationery<br />
• Business Cards<br />
• Postcards<br />
• Sales Kits<br />
• Newsletters<br />
Call us today for all<br />
your printing needs<br />
• Brochures<br />
• Magazines<br />
• Newsletters<br />
• Manuals<br />
• Direct Mail<br />
3602 Enterprise Avenue • Valparaiso, IN 46383<br />
219-462-6601 • Fax 219-465-0766<br />
Since 1906<br />
11
Business-to-Business<br />
Networking Event<br />
809 Wabash Ave, Chesterton<br />
800.828.2253<br />
www.republicservices.com<br />
502 Wall St, Ste 104B, Valparaiso<br />
219.548.1670<br />
www.catalyst-marketing.com<br />
2301 E. Morthland Dr, Valparaiso<br />
219.465.1700<br />
www.marriott.com/vrpcy<br />
2101 E. Morthland Dr, Valparaiso<br />
219.465.6225<br />
www.marriott.com/vrpfi<br />
14 Indiana Ave, Valparaiso<br />
219.462.4165<br />
www.fnbv.com<br />
4295 Ohio St, Michigan City<br />
800.382.0808<br />
www.fosterprintingservice.com<br />
2702 Beech St, Ste C, Valparaiso<br />
219.465.3133<br />
www.indianarebath.com<br />
Greg Farrall, Financial Advisor<br />
219.926.1182<br />
www.lakesidefinancialgroup.com<br />
1567 E 93rd Ave, Merrillville<br />
800.935.2181<br />
www.pickmta.com<br />
12 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
Presented by the Porter County Chamber Coalition<br />
Chesterton/Duneland, Hebron, Kouts, Portage and Valparaiso Chambers of Commerce<br />
Discover solutions to your business needs, connect with potential customers and meet the people<br />
behind Porter County’s thriving business community face to face. Over 120 exhibitors will introduce<br />
their newest and greatest products and services. Chamber Network Night is the premier<br />
business to business networking event of the year dedicated to generating high-quality leads,<br />
learning from the brightest and networking with the best.<br />
LaPorte<br />
219.362.7610<br />
www.warmfloors4u.com<br />
Ron Bush<br />
219.617.2651<br />
www.divresdev.com<br />
332 W US Hwy 30, Ste C, Valparaiso<br />
219.465.1868<br />
www.expresspersonnel.com<br />
New<br />
Location<br />
4980 W. US 20, Michigan City<br />
219.872.1700 219.617.1453<br />
www.garmanelectric.com<br />
3602 Enterprise Ave, Valparaiso<br />
219.462.6601<br />
www.homemountain.com<br />
Recycling & Waste Reduction<br />
District of Porter County<br />
155 Indiana Ave, Valparaiso<br />
219.465.3694<br />
www.itmeanstheworld.org<br />
901-1 Calumet Ave, Valparaiso<br />
219.531.4997<br />
www.tricorpwireless.com<br />
www.connecttovalpo.com<br />
13
Members<br />
All addresses are in the 46383 zip code and phone<br />
numbers are 219 area unless otherwise indicated.<br />
THE GREATER VALPARAISO CHAMBER OF COMMERCE welcomes new members who joined during June, July and Mid-August <strong>2006</strong>.<br />
Accounting Made Simple<br />
957 West St, 46385<br />
462-0588<br />
Anna Sheets<br />
Computer Networking/Products/<br />
Services/Training<br />
Art Advertising Specialties, Inc.<br />
230 1/2 Main St, PO Box 31<br />
Hobart, 46342<br />
942-2814<br />
Melissa Czekaj<br />
Promotional/Specialty Products<br />
Century 21 Executive Group<br />
(Genovese)<br />
2612 N Calumet Ave<br />
508-6742<br />
Kimberly Genovese<br />
Real Estate Residential/Commercial<br />
Construction Services of<br />
Indiana<br />
17500 S Paxton Ave<br />
Lansing, IL 46375<br />
808-3542<br />
Stephen Gillespie<br />
Construction<br />
D Mofield Property Services<br />
0152 S 400 W<br />
LaPorte, 46350<br />
362-7610<br />
Amy Feikes<br />
Heating & Air Conditioning<br />
Desert Moon Fresh Mexican<br />
Grille<br />
2310 LaPorte Ave, Ste 500<br />
531-9000<br />
Jennifer Gillespie<br />
Restaurants<br />
The Flagstick<br />
2355 Clifford Rd<br />
531-7888<br />
Larry Stuber<br />
Recreation<br />
Good Hospitality Services, Inc.<br />
1351 Silhavy Rd, Ste 100<br />
462-6265<br />
Carrie Hanks<br />
Property Management &<br />
Construction<br />
Griffin Valuation Group, LTD<br />
1311 Peachtree Dr<br />
465-1908<br />
Barbara Wiggins<br />
Accounting/Tax Services<br />
Green Field Technologies<br />
2264 Morthland Dr, Ste 101<br />
309-0127<br />
Dale Kroeger<br />
Computer Networking/Products/<br />
Services/Training<br />
Making Dinner Fun<br />
1809 N Calumet Ave<br />
531-2949<br />
Eric Hiller<br />
Meal Preparation<br />
Mr. Electric of Porter County<br />
PO Box 1396<br />
465-5205<br />
Charles McCrammer<br />
Electricians<br />
Northwestern Mutual Financial<br />
Network (Hurst)<br />
954 Eastport Centre Dr, Ste C<br />
548-8722<br />
Charles Hurst<br />
Financial Services<br />
Northwestern Mutual Financial<br />
Network (Reuter)<br />
954 Eastport Centre Dr, Ste C<br />
548-8722<br />
Steven Reuter<br />
Financial Services<br />
Pines Ski & Family Recreation<br />
Area<br />
674 N Meridian, 46385<br />
477-5993<br />
Jennifer Pluskis<br />
Recreation<br />
Porter County Family<br />
Counseling Center, Inc.<br />
554 South Locust<br />
464-3919<br />
Dana Hofstetter<br />
Counseling Services<br />
RCA Physical Therapy<br />
952 S State Rd 2, 46385<br />
548-0597<br />
Fatai Adisa, DPT<br />
Physical Therapy<br />
RE/MAX Affiliates (Osika)<br />
2803 Boilermaker Ct, Ste 1A<br />
548-9020<br />
Melissa Osika<br />
Real Estate/Commercial &<br />
Residential<br />
Saint Anthony Center for<br />
Diagnostic Imaging<br />
2411 LaPorte Ave<br />
476-7226<br />
Valerie Shields<br />
Medical<br />
Snow Pros, Inc.<br />
900 Locust St<br />
476-7669<br />
Michael Anderson<br />
Snow Removal<br />
Stewart Title<br />
175 Lincolnway, Ste H<br />
531-4147<br />
Joe Yonkman<br />
Title Company<br />
Tweenville Glamour Salon, LLC<br />
1806 Burlington Beach Rd<br />
464-7200<br />
Gladys Osby<br />
Salons<br />
Special Event Planning/<br />
Products/Services<br />
Valparaiso Family Health<br />
Center, PC<br />
808 E Lincolnway<br />
462-4446<br />
Faleh Atassi MD<br />
Physicians<br />
Valparaiso Nazarene Church<br />
2702 E Glendale Blvd<br />
462-2751<br />
Juli Radtke<br />
Churches<br />
Venue<br />
74 W Lincolnway<br />
512-5620<br />
Michelle Carter<br />
Banquet/Meeting Room Facilities<br />
Special Event Planning/<br />
Products/Services<br />
Walsh & Kelly, Inc.<br />
1700 E Main St, Griffith, 46319<br />
924-5900<br />
Jim Sellhorn<br />
Construction<br />
14 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
www.connecttovalpo.com<br />
15
Visit www.connecttovalpo.com for a calendar of events and a list of fall/winter recreation.<br />
Answering Service Professionals, Inc., of<br />
Valparaiso, was awarded with the exclusive<br />
<strong>2006</strong> Award of Excellence for the third consecutive<br />
year. The award is presented annually<br />
by the Association of TeleServices International<br />
(ATSI), the industry’s trade association for<br />
providers of telecommunications and call center<br />
services including telephone answering and<br />
message delivery. For more information visit<br />
www.ringading.com or call (219) 462-4007.<br />
The Chicago Theatre Guild’s Chicago<br />
Street Theatre opens its 52nd season<br />
(<strong>2006</strong>/07) with Neil Simon's Rumors,<br />
October 6 - 22, <strong>2006</strong> directed by Stephany<br />
Mullen and It's a Wonderful Life<br />
Nov. 17 - Dec. 10, <strong>2006</strong> directed by Kelly Hite<br />
and Jan Rees, dramatized by James W.<br />
Rodgers. Visit www.ctgonline.org for more<br />
information or call (219) 464-1636.<br />
On Thanksgiving morning, Thursday,<br />
November 23, Kids Alive® International<br />
will host their Third Annual Turkey Trot<br />
10K Run and “Fun Run”/Walk. The proceeds<br />
of this race go to help Kids Alive rescue<br />
10,000 children in 14 countries around the<br />
globe. The race begins at 8:30 a.m. from<br />
Valparaiso High School. Pre-registration fee is<br />
$15 per entrant if registered by Nov. 20, <strong>2006</strong>.<br />
Same day registration fee and registration after<br />
Nov. 20 is $20. For your convenience, online<br />
registration is available, please visit www.kidsalive.org.<br />
For more Turkey Trot information,<br />
contact Phyllis@kidsalive.org or call (219)<br />
464-9035.<br />
The Memorial Opera House presents<br />
Mame, November 4, 10, 11, 17, 18 at 8:00<br />
p.m. and November 5, 12, 19 at 2:00 p.m.<br />
The Winter Wonderettes take the stage<br />
December 8, 9, 15, 16 at 8:00 p.m. and<br />
December 10, 17 at 2:00 p.m. Individual tickets<br />
are $16 for Adults, $13 for Students &<br />
Seniors. Call (219) 548-9137 or visit<br />
www.memorialoperahouse.com.<br />
If you are doing business in Porter County, this<br />
is where you need to be! Chamber Network<br />
Night, hosted by the Porter County<br />
Chamber Coalition will be held at the Porter<br />
County Expo Center on Thursday, October<br />
26th from 4:00 – 7:00 p.m. One of the largest<br />
and most entertaining business trade shows in<br />
all of Porter County, this annual event features<br />
120 exhibitors and the opportunity to meet<br />
more than 700 potential customers and business<br />
decision makers. Open to the public.<br />
Admission is free. For more information visit<br />
www.valparaisochamber.org or call (219)<br />
462-1105.<br />
Porter-Starke Services, Inc. is offering the<br />
following Lunch & Learn monthly educational<br />
seminars: October 17th, 11:30-1:00<br />
p.m., Carol Todd of The Mental Health<br />
Association in Porter County presents Helping<br />
Families Cope with Schizophrenia at Porter-<br />
Starke's Children's Services Building, 701 Wall<br />
Street, Valparaiso, IN. November 21st, 11:30-<br />
1:00 p.m. Holidays and Stress...at Holiday Inn<br />
16 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
Express, Portage, IN. December 19th, 11:30-<br />
1:00 p.m., New Treatments for Kids presented<br />
by Dr. Linda Munson...Knox Community<br />
Center, Knox, IN. January 16th, 11:30-1:00<br />
p.m., Coping with Chronic Illness by Susan<br />
Fingerhoot at Porter-Starke's Children's<br />
Services Building, 701 Wall Street, Valparaiso,<br />
IN. The Lunch & Learn’s are monthly educational<br />
seminars open to the general public as<br />
well as clinicians and educators. Lectures feature<br />
informative and practical topics. There is<br />
no charge for the presentation. The Mental<br />
Health Association in Porter County proudly<br />
sponsors the series and offers 1.5 Continuing<br />
Education Credits for $5.00. A boxed lunch<br />
can be purchased from our Wall Street Café for<br />
$5.50 or you may bring your own. For more<br />
information or to RSVP, simply call (219) 476-<br />
4505 or email: thowe@porterstarke.org.<br />
Alice’s Halfway House, Boys & Girls<br />
Clubs of Porter County, Family<br />
Counseling of Porter County and VNA<br />
Hospice were recently presented $15,000 collectively<br />
as part of St. Theresa of Avila<br />
Church's three-year long Good Samaritan<br />
Campaign. The Good Samaritan Campaign<br />
was launched in 2004 and registered members<br />
of the church were invited to make a financial<br />
pledge to aid the Raise a Roof campaign for the<br />
new Spring Valley Homeless Shelter. The<br />
response from a small congregation of only 250<br />
registered families was so overwhelming that<br />
the Social Justice Commission at the church<br />
decided to begin a grant process to help other<br />
non-profit organizations in Porter County.<br />
Over $109,000 has been pledged over three<br />
years (2004-06). A total amount of $60,000<br />
will be awarded to Spring Valley Homeless<br />
Shelter, $20,000 each year for three years<br />
(2004-06). For more information about this<br />
program, contact Danielle & Bill Oeding, cochairpersons,<br />
219-464-9829, or Father Kevin<br />
McCarthy of St. Teresa of Avila Church, 464-<br />
4042.<br />
Valparaiso Community Festivals &<br />
Events will hold its annual Trick or Treat<br />
Fun Nite on Friday, October 27, <strong>2006</strong> from<br />
4:00 – 6:00 p.m. in downtown Valparaiso. A<br />
ghostly fun Halloween celebration includes<br />
trick-or-treating at downtown businesses,<br />
cider, and hayrides around the downtown<br />
square. Admission is FREE. For more information<br />
visit www.popcornfest.org or call<br />
(219) 464-8332.<br />
Holly Days & Live Nativity, a kick-off to<br />
the Christmas Holiday Season hosted by the<br />
Valparaiso Community Festivals &<br />
Events, will be held downtown at the<br />
Valparaiso Courthouse Square on Friday,<br />
December 1, <strong>2006</strong> from 5:00 – 8:00 p.m. A<br />
family-fun event, Holly Days & Live Nativity<br />
is filled with the spirit of the season. Come and<br />
hear the girl scouts caroling, witness a Live<br />
Nativity scene, enjoy a cup of hot cocoa, take a<br />
carriage ride around the downtown square, and<br />
shop at your favorite downtown stores. And,<br />
don't miss Santa Claus riding into town on a<br />
fire truck! Admission is FREE. For more information<br />
visit www.popcornfest.org or call<br />
(219) 464-8332.<br />
The Valparaiso Department of Parks &<br />
Recreation is currently accepting reservations<br />
for the <strong>2006</strong> hayride season at Rogers-<br />
Lakewood Park. The group hayride is great<br />
fun for youth groups, family gatherings, clubs,<br />
birthday parties and more. Hayrides will be<br />
held on Friday and Saturday evenings, and<br />
NEW FOR <strong>2006</strong> on Sunday afternoons,<br />
September 15 through November 12.<br />
Available hayride times will be 5:00, 6:30, and<br />
8:00 p.m. on Friday and Saturday evenings and<br />
2:00, 3:30, and 5:00 p.m. on Sundays. The<br />
reservation includes a 45-minute hayride and<br />
45-minute campfire. Hayrides take place at<br />
the Derby Downs area in Rogers-Lakewood<br />
Park. Groups are welcome to bring food and<br />
beverages. The standard fee per hayride is $65;<br />
resident discount fee is $55. For more information<br />
visit www.valparaisoparks.org or call<br />
(219) 462-5144.<br />
The Valparaiso University Chamber<br />
Concert Band, which released its fourth<br />
album earlier this summer, will again feature<br />
the works of John Phillip Sousa during its<br />
<strong>2006</strong>-2007 season. The Chamber Concert<br />
Band opens its season Nov. 4, partnering with<br />
the VU Chorale for its fall concert. The concert<br />
will be the Chamber Concert Band's first<br />
since the June release of "Spirit of the March<br />
King," featuring live recordings from the<br />
ensemble's authentic Sousa concerts. The<br />
University's 9th annual Sousa Tribute Concert<br />
takes place Feb. 17, 2007 with a program that<br />
includes a variety of ballads, marches and patriotic<br />
songs by Sousa. Joining the Chamber<br />
Concert Band for the concert will be musicians<br />
from community and high school bands. The<br />
ensemble's final concert of the year will take<br />
place April 27, 2007. The Chamber Concert<br />
Band also will be one of the featured groups at<br />
the annual Valparaiso Christmas Concert,<br />
which will be performed Dec. 1 and 2. All of<br />
the Chamber Concert Band's performances<br />
take place in the Chapel of the Resurrection on<br />
campus. Tickets for each concert are $15 for<br />
adults and $10 for senior citizens and students.<br />
For more concert and ticket information, call<br />
the VU Box Office at (219) 464-5162.<br />
www.connecttovalpo.com<br />
17
Establishing a legal structure for your business<br />
is a decision that is based on many factors.<br />
The choice you make will govern virtually<br />
all the aspects of your business. How you<br />
interact with investors, banks and other sources<br />
of capital; whether you acquire operating assets<br />
through purchase or lease; how the company<br />
will be managed day-to-day and in the future;<br />
how to allocate profits and losses among owners,<br />
lenders, employees and investors; and how<br />
these decisions dovetail into State and Federal<br />
regulatory legal requirements and limitations –<br />
are all critical questions that are addressed by<br />
the legal formation of your company entity.<br />
Operating as a sole proprietorship or as a<br />
single partnership does not require formal<br />
organization in writing. A person operating as a<br />
sole proprietorship need not be concerned with<br />
State or Federal regulations. All business matters<br />
of operation and management inures to the individual.<br />
Both State and Federal governments<br />
look to the individual and holding the individual<br />
responsible for compliance. The individual<br />
reports business financial affairs, i.e. profits and<br />
losses, on their individual tax returns without<br />
accountability beyond himself. Accounting can<br />
be handled by bank deposits and issuing checks,<br />
risks of business affairs by insurance and individual<br />
asset protection devices. This is the simplest<br />
form and least expensive to maintain. However,<br />
such election determines whether or not the<br />
business practices and financial records are subject<br />
to confidential and privacy protection or is<br />
disclosure permitted to third parties. Costs of<br />
administration of the business enterprise are low.<br />
The owner of a created legal entity, such as<br />
a limited partnership, a limited liability company<br />
or corporation, begins to lose his individual<br />
discretionary authority and becomes more<br />
accountable to those who do not have as much<br />
money, commitment to the business plan or to<br />
the ultimate success of the business venture as<br />
the individual owner. By being removed from<br />
the business activities, such third persons as well<br />
as government interests require more formality<br />
for the owner. It is the need to rely on others to<br />
furnish money or provide assistance that the<br />
organization needs to be more formalized but<br />
more restrictive to the owner. It is the creation<br />
of legal entities which require lengthy written<br />
contracts, such as an Operating Agreement,<br />
Articles of Organization or Incorporation, and<br />
corporate by-laws, formalized accounting and<br />
audit procedures and disclosures. Lesser committed<br />
persons now require that their rights and<br />
obligations be in writing, opportunity for review<br />
of operations by accountants and lawyers with<br />
the management structure more confining, with<br />
less discretion in the owner, and with more hindsight<br />
and criticism of business operations and<br />
decisions. Costs and administration increase to<br />
meet the needs of these outsiders.<br />
(cont. on page 20)<br />
18 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
(cont. from page 11)<br />
VALPO YOUNG PROFESSIONALS (VYP)<br />
Social and/or cultural enrichment activities are also offered as part of<br />
Valpo Young Professionals which is in its third year and brings<br />
together future business leaders with events that are fun, educational<br />
and allow attendees to establish business relationships that could last a<br />
lifetime. Every first Thursday of the month, from 5:00 – 8:00 p.m.,<br />
the VYP host AFTER 5 at a local restaurant. AFTER 5, a casual networking<br />
event, is free to Chamber members and no reservations are<br />
required. Earlier this year, the VYP held the 2nd annual Wine<br />
Experience at “Blue”, An American Restaurant. In June, City<br />
Planning Director Craig Phillips presented The Puzzle of Planning<br />
Valparaiso as part of the VYP’s Cultivation Café, an annual educational<br />
seminar and luncheon. July’s event, Grand Slam Summer Outing,<br />
a picnic and Railcats’ baseball game at the U.S. Steel Yard, was a huge<br />
hit. The final <strong>2006</strong> VYP event, the 2nd annual Center Stage, a theatre<br />
and dining event, will be held at the Chicago Street Theatre on<br />
Wednesday, November 29th from 6:30 – 9:00 p.m. Participants will<br />
Valparaiso North<br />
3500 Calumet Ave.<br />
Valparaiso, IN 46383<br />
(219)462-0105<br />
▲<br />
LEADERSHIP ACADEMY PARTICIPANTS (cont. from page 11)<br />
Cliff Malings, Stephenie Moser, Michelle Jones, Diana McMillon,<br />
Chad Rodriguez, Lynette Jones, Scott Akins and Clay Patton<br />
sit in on a dress rehearsal of “It’s a Wonderful Life,” take a tour of the<br />
theatre and enjoy hors d'oeuvres and drinks.<br />
VALPO CHAMBER LEADERSHIP ACADEMY<br />
In addition to the Valpo Young Professionals’ events, the Leadership<br />
Development/Community Engagement committee, through a collaborative<br />
effort with the Greater Valparaiso Chamber of Commerce staff<br />
and Board of Directors, established the first Valpo Chamber<br />
Leadership Academy. The mission of the Leadership Academy is to<br />
provide a growing leadership pool of willing and able leaders and volunteers<br />
for current and future civic, charitable and governmental<br />
organizations in Valparaiso. The academy complements other leadership<br />
organizations with a focused training on the skills and knowledge<br />
necessary to be an effective leader in the community, including serving<br />
on boards, public speaking, dealing with media, managing time, problem<br />
solving, team building and understanding corporate structure.<br />
During the six four and half hour sessions, August through November,<br />
participants will be infused in the community, exploring the<br />
public/city government sector, private business sectors and non-profit<br />
organizations that currently benefit from local leaders. Local leaders<br />
will also mentor the group, sharing their personal experiences at each<br />
session. Upon completing the six sessions, students will take the<br />
insights, skills and contacts gained in the Leadership Academy and<br />
apply them to community activities and organizations.<br />
Fifteen students are participating in the inaugural Leadership<br />
Academy, including: Scott Akins (Task Force Tips), Kacie Harrington<br />
(First National Bank), Matt Harvey (Claudon & Anderson Insurance,<br />
LLC), Charles Hurst (Northwestern Mutual Financial Group),<br />
(cont. on page 23)<br />
Valparaiso South<br />
750 S. Washington<br />
Valparaiso, IN 46383<br />
(219)531-6497<br />
www.harrisbank.com<br />
Member FDIC<br />
www.connecttovalpo.com<br />
19
ASK AN EXPERT (cont. from page 18)<br />
Limited liability companies, limited partnerships and corporations<br />
are creatures of State legislation but impact of the State and Federal<br />
statutes and regulations upon formation of these entities and special<br />
benefits for these created entities is the tension of choices. Furthermore,<br />
these State created entities are only viable and existing if governmental<br />
requirements are met in its formation and during its existence. Ignoring<br />
or failing to meet requirements will preclude the entity from recognition<br />
as an entity and may evolve into a sole proprietorship with its limitations.<br />
Maintaining a legally created entity is more expensive and time<br />
consuming.<br />
The State has evolved a business philosophy to promote inventiveness<br />
of ideas and entrepreneurial ventures. Through legislation the State<br />
permits creation of statutory business entities, which insulates an individual’s<br />
personal wealth and future financial well-being from seizure for<br />
business debts. The State’s statutory schemes for entity formation create<br />
methods to form limited liability companies, limited partnerships<br />
and corporations to create this shield. By law these entities limit personal<br />
assets put at risk for these entrepreneurial ventures. The trade-off for<br />
this shield of protection is an increase in regulatory State requirements<br />
for the entity. These State requirements require formalized legal documents<br />
filed with the Secretary of State, as well as periodic filing of<br />
reports of business activity. The Federal government is limited in its<br />
involvement with entity formation, but influences business formation<br />
decisions through its taxing and regulatory authority. Tax returns are<br />
required for the entity and the individual owner. Financing institution<br />
and trade creditors require more formalized and detailed statements of<br />
business operations.<br />
Having chosen an entity for limitation of risk and for individual<br />
asset protection, the next major concern is how does the successful<br />
owner access profits but avoid, minimize or defer the taxman’s share.<br />
Choosing a corporation form puts at risk business profits and causes<br />
burdensome “double taxation” and complicates decisions necessary to<br />
maximize the retention of business profits. Centuries old business entity<br />
concepts have limited the flexibility of financing arrangements and<br />
the needs of owners, partners and investors. In today’s expanded international<br />
market the economic model for operating and financing small<br />
business enterprises are not limited to local economies. One must keep<br />
in mind the innovative financing arrangements for real estate development<br />
funded through individual banks and insurance companies which<br />
are not U.S. citizens, let alone residents. To meet these issues, the limited<br />
liability company was created by State legislation and recognized by<br />
State and Federal taxing agencies. The limited liability company statutory<br />
scheme takes that which is necessary and desirable from decades of<br />
business experiences from the State limited partnership, corporate statutory<br />
requirements and Federal taxation law. This entity is not a vehicle<br />
which meets all business issues anticipated at the time of its formation,<br />
(cont. on page 24)<br />
20 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
The right place to be.<br />
For more info:<br />
219-921-1444<br />
www.lbji.com<br />
Orthopedics. Podiatry. Rheumatology.<br />
For over 50 years, Lakeshore Bone & Joint Institute has been<br />
dedicated to helping our patients overcome their pain. From necks<br />
to feet and everything in between, our physicians and specialists use<br />
the most innovative surgical and non-surgical treatments available.<br />
Our Specialties Include:<br />
• Orthopedic Care • Pediatric Orthopedics • Sports Medicine<br />
• Spine Surgery • Upper Extremity Care • Rheumatology<br />
(arthritis) • Podiatry (foot & ankle) • Trauma Care<br />
Orthopedic Surgery<br />
: : James A. Malayter, MD<br />
: : Michael C. Leland, MD<br />
: : Bruce J. Thoma, MD<br />
: : Paul J. Gruszka, MD<br />
: : Thomas H. Kay, MD<br />
: : Ron Clark, MD<br />
: : David J. Musgrave, MD<br />
: : Anthony C. Levenda, MD<br />
Spine Surgery<br />
: : Anton A. Thompkins, MD<br />
Upper Extremity<br />
: : George Alavanja, MD<br />
Podiatry<br />
: : Marc S. Bruell, DPM<br />
: : Rachel L. Stern, DPM<br />
Rheumatology<br />
: : Karen Kovalow-St. John, MD<br />
CHESTERTON • HOBART • MICHIGAN CITY • PORTAGE • VALPARAISO<br />
22 Valpo Magazine <strong>Fall</strong> <strong>2006</strong>
(cont. from page 19)<br />
Lynette Jones (The Caring Place), Michelle Jones (McDonald/Cagen,<br />
Inc), Cliff Malings (Compass Financial Advisors), Diana McMillon<br />
(Compass Financial Advisors), Michael Micka (Harris N.A.),<br />
Stephenie Moser (Emerson Power Transmission), Clay Patton<br />
(Gordon Etzler & Assoc.), Kevin Pressel (Chester, Inc.), Barry Pruett<br />
(Burke, Costanza & Cuppy LLP), Chad Rodriguez (Computer<br />
Services Inc.) and Martin Sonnenberg (Task Force Tips).<br />
“The leadership academy is not just about training. The students<br />
who complete the academy in <strong>2006</strong> will be linked with organizations<br />
in the community and placed in a position of leadership for the year<br />
2007. Whether they decide to serve on a board or a commission, they<br />
will have the skills necessary to be successful and prosper,” says John<br />
Seibert, co-chair of the Leadership Development/Community<br />
Engagement committee.<br />
Henrik Isben, an influential Norwegian playwright, once said, “A<br />
community is like a ship; everyone ought to be<br />
prepared to take the helm,” and with the spirit and commitment<br />
put forth by the Valpo Chamber’s Leadership<br />
Development/Community Engagement committee, Valparaiso will<br />
continue sailing with great fortitude.<br />
For more information on the Valpo<br />
Chamber’s Leadership<br />
Development/ Community<br />
Engagement committee or the<br />
Valpo Young Professionals,<br />
please visit<br />
www.valparaisochamber.org<br />
or contact the Valpo Chamber<br />
(219) 462-1105.<br />
Valpopourri<br />
Did you know?<br />
Thomas Edison visited Valparaiso in<br />
1881 to demonstrate his newest invention,<br />
the incandescent lamp (seven<br />
years before the first light bulb.)<br />
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ASK AN EXPERT (cont. from page 20)<br />
but is and has become the entity of choice for most small businesses.<br />
A limited liability company is an entity whose laws and regulations<br />
permit necessary flexibility to meet present day business issues. Through<br />
contract provisions incorporated into the Operating Agreement, it is possible<br />
to define selectively who will operate and manage the company, perhaps<br />
separate from investors and employees; how the company will comply<br />
with accounting rules and regulations; how investor contribution<br />
funds are treated and return on investments rendered; who is paid, how<br />
much, and in what manner; how losses and other tax deductions and<br />
attributes are recognized; how privacy concerns and trade secrets are recognized<br />
and protected. A limited liability company has the flexibility to<br />
favor one investor over another, if having substantial economic substance.<br />
The Operating Agreement can also determine the legal status of the<br />
owner as a member or as an employee. This classification can effect<br />
whether a person is entitled to health and life insurance benefits or even<br />
if social security and other employment taxes are paid. Of course, the<br />
major positive effect is that personal assets are<br />
protected without the inflexibility of State or<br />
tax regulations of Sub “S” Corporation or the<br />
double taxation of a “C” Corporation.<br />
The choosing of entities is a function of<br />
the analysis of State and Federal regulatory and<br />
taxation law, which imposes limitations and<br />
exceptions to general rules. Choosing a proper<br />
entity is as important to a business’s success as<br />
making sound management and marketing<br />
decisions. Success doesn’t hang in the balance<br />
but the wrong decision can be costly, and, as in<br />
all matters, it pays to do it right.<br />
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About the author:<br />
Gordon A. Etzler is<br />
licensed to practice<br />
law in the state of<br />
Indiana in both<br />
State and Federal<br />
Courts and maintains<br />
his office at<br />
251 Indiana Avenue,<br />
Valparaiso, Indiana.<br />
If you live, work,<br />
worship, or go<br />
to school in<br />
Porter County,<br />
you are eligible<br />
to join!<br />
We’re looking<br />
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Together We Will Share!<br />
302 Silhavy Road •<br />
Valparaiso, IN<br />
219-465-5047 •<br />
www.selectcommunityfcu.org<br />
810 Michael Drive, Chesterton, IN 46304<br />
(219) 983-9832<br />
24
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The Birth Day Place features the most advanced<br />
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For more information about The Birth Day<br />
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call 219-877-1610.<br />
301 West Homer Street • Michigan City, IN 46360
The Porter County Municipal Airport has<br />
been a key ingredient to supporting and<br />
encouraging jobs in not just Valparaiso,<br />
but Porter County as a whole. The 7,000 foot<br />
runway was a significant factor in helping<br />
Bethlehem Steel in its early days with the airport<br />
being an important tool in shuttling executives to<br />
and from Bethlehem, Pennsylvania on their corporate<br />
aircraft. Many of the decisions leading up to<br />
the announcement of Pratt Industries coming to<br />
Valparaiso were actually made at meetings held at<br />
the Porter County Municipal Airport. These<br />
important meetings were held at our municipal<br />
airport because Pratt flew their decision makers<br />
into Valparaiso when they were scouting the area.<br />
Today, local firms base their corporate planes here<br />
to accommodate their management teams’ need to<br />
be out and back in one day visits to both customers<br />
and their far flung operations that are<br />
located elsewhere. The Chamber feels it is important<br />
to showcase the Porter County Municipal<br />
Airport as an important core asset for our job<br />
retention and job creation efforts.<br />
Another key component in attracting people<br />
to Valparaiso is the quality of education offered<br />
here. During late August of this year, many of our<br />
educational institutions were recognized for their<br />
outstanding performance. Washington Township<br />
and Porter Township School Corporations were<br />
both designated as exemplary school districts by<br />
the Indiana Dept. of Education. Valparaiso<br />
schools were also recognized with the important<br />
award of commendable. The awards put our K –<br />
12 districts at the highest levels of achievement in<br />
the state. We are most fortunate to have highly<br />
achieving leaders and teachers working with our<br />
youth. Valparaiso University was also given<br />
national recognition in August when the US News<br />
and World Report ranked the University number<br />
2 and number 3 in the entire Midwest for 4 year<br />
degree and master’s conferring institutions. Few, if<br />
any, communities in the state have been so fortunate<br />
to achieve such honors for outstanding performance<br />
at all levels of their educational institutions.<br />
Valparaiso could easily call itself the premier<br />
education community in the state of Indiana.<br />
Good schools play a major role in attracting people<br />
to the community. Award winning schools,<br />
like ours, help distinguish our community as an<br />
excellent quality of life community.<br />
Valparaiso - good job!<br />
26<br />
Valpo Magazine <strong>Fall</strong> <strong>2006</strong>