Establishing and maintaining the right business structure for your farm operation lays the foundation for a stable, resilient farm business. Forming a business structure can help manage risk by protecting the owners’ assets from the business’ liabilities; promote good business practices through accounting and decision-making protocols; raise funds from outside investors; and ease the ownership transition process. For most farmers and ranchers, choosing a structure is straightforward. Complexity arises when drafting organizing documents to support your structure of choice, or, determining how it will operate.
Organization |
SARE Sustainable Agriculture Research & Education |
Publisher |
Sustainable Agriculture Research and Education (SARE) |
Published |
2018 |
Material Type |
Written Material |