Episode 11 of Ag Law Today: Farm Succession Planning

Rincker Law Food & Ag Law Leave a Comment

Hear me speak with the one and only Prof. Shannon Ferrell on one of my favorite topics… passing the farm to the next generation.  It’s on YouTube here.  You can also subscribe on iTunes. Share this Article

Share this Article

Record Keeping for Your Business: What’s Required?

Rincker Law Business/Commercial Law, Employment and Labor Law Leave a Comment

Whether you are just starting up a new company or have a business that has been in operation for a while, good record keeping is an essential part of running your business. You are responsible for establishing an effective system to store and maintain your business records whether your small business is a sole proprietorship, partnership, LLC, or corporation. Some …

Share this Article

LLC Operating Agreement: Is a Non-Compete Clause Necessary?

Rincker Law Business/Commercial Law Leave a Comment

You and several friends start a new business and decide to operate it as a limited liability company (LLC). Now that you’ve completed the  first step—choosing a business entity—it is now important to prepare an operating agreement. The operating agreement is a contract which governs the operations of the LLC and sets forth the arrangements made among the members, including …

Share this Article

What Every You Need to Know about IRS Form 1099: Reporting and Requirements

Rincker Law Business/Commercial Law Leave a Comment

If your business made or received payments to independent contractors and entities (other than compensation to your employees) during the calendar year, it’s likely you must file an information return called a Form 1099 with the IRS. You may also need to send a copy of the form directly to the recipient of the payments. Being aware of and meeting …

Share this Article

Keynote Speech: The Cattle Business Really is a Family Business

Rincker Law Food & Ag Law, Food & Ag Organizations, Food & Ag Policy, Speaking Engagements Leave a Comment

I had the pleasure of being the keynote speaker last night to the Knox County Beef Association, a county affiliate of the Illinois Beef Association.  What a crowd they had for their annual meeting — exciting to witness and be a part of.  My keynote focused on family and its importance to the beef industry. You can read it here. …

Share this Article

Don’t Let Change Wreck Your Business: The Buy-Sell Agreement

Rincker Law Business/Commercial Law Leave a Comment

Divorce. An unexpected death, disability, or retirement. An irreconcilable dispute. These triggering events may put your successful, stable business into a tailspin. Luckily, a buy-sell agreement can help you and your business be better prepared to handle these events. What is a Buy-Sell Agreement? A buy-sell agreement is a legally binding agreement between co-owners of a business that controls what …

Share this Article

Estate Planning and the Millennial Mindset

Rincker Law Estate Planning, Food & Ag Law Leave a Comment

I was quoted in this publication by the Illinois Soybean Association on estate planning and the millennial mindset.  Check it out and let me know if you agree! Share this Article

Share this Article

Episode 10 of Ag Law Today: National Agriculture Law Center

Rincker Law Ag Law Today, Podcasts Leave a Comment

I interviewed Beth Rumley from The National Agriculture Law Center in this week’s Ag Law Today podcast.  You can listen to the recording on YouTube here or on iTunes. A lot of agriculture producers and lawyers forget that this fantastic resource is available to them.  I am obsessed with their online Reading Rooms and have been known to nerd out …

Share this Article

Stay in Control: Good LLC Governance

Rincker Law Business/Commercial Law Leave a Comment

The LLC is a popular way to structure a business because it provides personal liability protection to the members– like a corporation does to its shareholders–but without as many administrative formalities. But if you’re an LLC member, don’t let this lull you into complacency. As a business owner, you’re responsible for the proper governance of the LLC.  If a conflict …

Share this Article

Business License and Permit Requirements

Rincker Law Business/Commercial Law Leave a Comment

If you are starting a new business, it is important not to overlook federal, state, and local business license and permit requirements. Almost every business, even one that is home-based, is required to obtain some form of license or permit in order to operate legally. Failure to do so can lead to fines, and in some cases, the closure of …

Share this Article

Transferring LLC Membership Interests Part 2—Voluntary Transfers

Rincker Law Business/Commercial Law, Food & Ag Organizations Leave a Comment

An LLC affords its members a certain amount of personal asset protection. Part of this protection hinges on the restricted transferability of LLC membership interests.  Restricted transferability protects the non-transferring members from creditors and unwelcome new members, which upholds the integrity and value of the non-transferring members’ membership interests. Most (but not all) LLCs impose requirements or restrictions on the …

Share this Article

Commercial Space: Should You Lease or Buy?

Rincker Law Uncategorized Leave a Comment

The location of your small business is an important factor in whether it succeeds or fails. Accessibility to customers, vendors, and employees, proximity to competitors, and zoning restrictions are just a few of the factors you have likely considered. Once you have determined the best location for your business, the next question is whether to lease or buy your commercial …

Share this Article