Wednesday, April 24, 2024

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VALUE JUDGMENT: Karen Rice, a certified valuation analyst at the Providence accounting firm Kahn, Litwin, Renza & Co. Ltd., says it is important for business partners to agree early on about how the value of a company will be calculated to determine how an exiting partner will be compensated. 
PBN PHOTO/­MICHAEL SALERNO

When starting a business, don’t forget about the exit

When starting a new business, the last thing on an owner’s mind is the moment they will walk away from it. But drafting an...
RARE BREED: Edward F. Yazbak, chairman of the Rhode Island Society of Certified Public Accountants who also owns his own accounting practice, says the number of CPAs has steadily declined in recent years, and there are fewer young people to replace them. 
PBN PHOTO/­MICHAEL SALERNO

A lopsided ledger: Jobs plentiful, CPAs not

Edward F. Yazbak has been searching for five years for a younger upstart to take over his North Smithfield practice. But the chairman of the...
JUST ASK: Women’s Fund of Rhode Island CEO Kelly Nevins says a new state statute requiring employers to provide a salary range upon a job applicant’s request will not only increase pay equity but save time for both employers and applicants. 
PBN PHOTO/­MICHAEL SALERNO

R.I. employers must provide salary range for open positions upon request

Between poring over resumes and cover letters and multiple rounds of interviews, the job search process has often been likened to a job in...
SITE VISIT: Justin Kordas, left, and William Porter, co-owners of structural engineering consulting firm Stone Fleet Inc. in Providence, visit the construction site of one of their clients. 
PBN PHOTO/­MICHAEL SALERNO

Engineering firm hopes new veteran-owned certification will bring in more clients

It is never easy readjusting to life after the military. Justin Kordas, who joined the U.S. Marine Corps never thinking he’d one day have to...
WILL IT WORK? State Rep. Karen Alzate is the primary sponsor of one of two bills that would mandate a 32-hour workweek for certain businesses in Rhode Island. There’s not much support for it. 
PBN PHOTO/MICHAEL SALERNO

32-hour workweek law? Not much support in R.I.

In an effort to find and retain workers in a tight job market, some companies have toyed with the idea of converting to a...

Westerly center is designed to build on a military background

Though decades ago, T.J. Smith still remembers the camaraderie and sense of purpose he felt during his time as a member of the Rhode...
WAITING GAME: Jeffrey Cascione, senior vice president in charge of commercial lending at Navigant Credit Union, is eagerly awaiting the details of the U.S. Small Business Administration opening its flagship loan programs to financial technology companies.
PBN PHOTO/­MICHAEL SALERNO

New SBA loan rules spark debate among politicians, lenders

Impending changes at the U.S. Small Business Administration are stirring up whirlwinds of controversy – in Rhode Island and in Washington, D.C. – as...
SPREADING THE WORD: R.I. General Treasurer James Diossa visits Rhode Island Spirits Distillery in Pawtucket to talk with co-owner Kara Larson about legislation that would create a state-run fund that would allow small businesses to offer retirement benefits. 
PBN PHOTO/MICHAEL SALERNO

Measure would create state-run retirement fund for small businesses

Michelle Rivera, policy director with Progreso ­Latino Inc., a nonprofit that does not offer retirement benefits to its employees, struggled with the process of...
BLURRED LINES: Monica Linden, a senior lecturer of neuroscience at Brown University, doesn’t bar the use of ChatGPT by her students outright but says they can use the artificial intelligence program to generate ideas and develop different perspectives on topics. 
PBN PHOTO/­RUPERT WHITELEY

Higher ed in R.I. grapples with the use of ChatGPT

When Monica Linden, a senior lecturer of neuroscience at Brown University, enlisted ChatGPT to write a portion of a class syllabus, there was some...
DATA CENTER: Ocean State Job Lot Chief Information Officer Hisham Aharon, left, and Chief Financial Officer John Conforti inspect the computer servers that power the retailer’s technology, including the artificial intelligence software it uses. 
PBN PHOTO/TRACY JENKINS

From design to contracts, companies embrace AI tools

Even if you haven’t tried artificial intelligence tools that can write essays and poems or conjure new images on command, chances are the companies...
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