Farm Commons Offers New Resource for Farmers
Sunday, February 7th, 2016 -- 7:24 AM
Farm Commons has a new resource for farmers to use when it comes to deciding whether your farm should be a corporation, non-profit and more.If you've ever wondered whether an LLC or an S Corporation is the better choice for a farm, what the wordy clauses in an operating agreement or bylaws really mean, why farms sometimes organize as a nonprofit and more the Farm Commons has an incredible new resource called the Farmers' Guide to Business Entities. The whole guide tops out at 323 pages and offers annotated operating agreements and bylaws, flowcharts, checklists, and easy-to-understand information.
If you're not ready for the whole guide, you can check out their flowchart to choosing a business entity. Or read just the Farm LLC Guidebook. You can also watch their short video featuring Pasture Perfect Poultry and hear farmers tell their story about why forming a business entity and writing an operating agreement is important.
You can find all of this at www.farmcommons.org
Feel free to contact us with questions and/or comments.