LLCs are easy to form and very flexible. Because of this, writing an operating agreement can help a farmer think through all the details of how to address investments, profits, and losses. Good bookkeeping is also important to optimize a
Farmers have the option to form their business as a limited liability company, an entity that offers liability protection to the farmer’s personal assets. Filing is fairly easy after you learn a few key words in the Articles of Organization.
Farming is a business and a way of life. But, if a farmer is expecting liability protection for her personal assets, she might want to keep the distinction between personal and business matters clear, at least when it comes to