From: Rachel Armstrong
Sent: Tuesday, February 02, 2016 9:22 AM
To: SUSTAG@lists.umn.edu ; WiLocalFoodNetwork@lists.uwex.edu
Cc: Laura Fisher
Subject: [WLFN] Get your farm business entity questions answered
Hi All,
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?
•How a corporation might keep meeting minutes?
•Why farms sometimes organize as a nonprofit?
•About your legal obligations after you form an LLC?
•What anti-corporate farming laws are and what they mean?
•…about a multitude of other issues regarding farm business entities?
Farm Commons has an incredible new resource- it’s 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.
Not ready for the whole guide? Just check out our flowchart to choosing a business entity. Or read just the Farm LLC Guidebook (it’s a chapter excerpt from the big guide).
Not sure why this matters? Watch our 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. They say it much better than I! (Click on the Creating Stable Business Partnerships feature).
Farm Commons exists to build a stronger, more resilient local food system. Let us know if these resources work for your farm or organization. We want to know what you need to move forward. Email or call anytime.
-Rachel
This product was develop with support from the Sustainable Agriculture Research and Education (SARE) program which is funded by the U.S. Department of Agriculture- National Institute of Food and Agriculture (USDA SARE). Any opinions, findings, conclusions or recommendations expressed within do not necessarily reflect the view of the SARE program or the U.S. Department of Agriculture. USDA is an equal opportunity provider and employer.
—
Rachel Armstrong
Executive Director and Attorney
Farm Commons
www.farmcommons.org
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