Entities

Farmers can choose from a variety of business arrangements to organize their farming business, including sole proprietorships, general partnerships, limited partnerships, limited liability companies (LLCs), limited liability partnerships (LLPs), corporations and trusts. More than one entity may be used to separate the ownership of assets from the operation of the business and to provide tax advantages for the owners who work in the business.

Resources

• AgVentures Business Arrangements and Farm Transfers Chapter 5: Farm Business Arrangement Alternatives
• Farm Transfers in Wisconsin a Guide for Farmers Chapter 4: Farm Business Arrangements
• Two Generation Farming Step 2: Selecting a Business Arrangement