Forming a LLC
October 10, 2023
If you are curious about the details of an LLC, you’re not alone! Most farmers choose the LLC as their preferred business structure. The good news is that forming one is quite simple. But at the same time, farmers and ranchers need to know a few keys to ensure they get the benefits they’re expecting from this entity. We’ll do a quick recap of why an LLC is a good risk management tool before going into how to form one, which best practices to implement after it’s formed, and regular obligations to keep the LLC in top legal shape. Even farmers who have had an LLC for years will learn some things about how to preserve their resilience. Led by staff from Farm Commons, a nonprofit organization dedicated to empowering farmers to solve their own business law challenges in a community of support. To access their robust library of farm law print guides, podcasts, video tutorials, checklists, and more, visit www.farmcommons.org.
Farm Commons is a national nonprofit organization specializing in legal education for farmers. Our mission is to empower farmers to resolve their own business law issues within an ecosystem of support. Through education, leadership development and community-based problem solving around business law, agricultural communities become stronger and more resilient. The result is a legacy of sustainable farms and a community-based food system for everyone. At Farm Commons, paperwork is powerful.