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Winter Farm Law Education Series: The What, Why and How of Choosing and Organizing a Business Entity for the Farm
January 5, 2016 @ 3:00 pm - 5:00 pm
Many farmers operate as a sole proprietorship, but there are a number of other business entities available for farm businesses. In this tutorial, learn all about partnerships, LLCs, S corporations, C Corporations, and cooperatives. We’ll go over how to choose amongst these choices as well as what goes in to organizing and maintaining a business entity. Do you need bylaws or an operating agreement – and what should go in those documents? How much does it cost to form an LLC or a corporation? And what exactly is an S corporation, anyway? We’ll also address entity structures for the farm business and some tax aspects of business entities.