Farmers, agri-businesses and food entrepreneurs are highly encouraged to put the terms of an agreement in writing. Simple partnership agreements are also recommended for agreements to share ownership in one livestock animal, such as a bull, ram, boar, or show animal. Partnership agreements serve several purposes. First, absent a partnership agreement, the New York “default rules” will apply. Second, when …
Choice of Business Entities Blog Series: The Cooperative
I am oftentimes asked about the best choice of business entity for a farm/ranch, agri-business or food entrepreneur. There is no one-size fits all answer to that question as each type of business entity offers different strengths and weaknesses. It is important to pick the right business entity for your specific type of enterprise – the answer to that question …
Choice of Business Entities Blog Series: The Limited Liability Company
I am oftentimes asked about the best choice of business entity for a farm/ranch, agri-business or food entrepreneur. There is no one-size fits all answer to that question as each type of business entity offers different strengths and weaknesses. It is important to pick the right business entity for your specific type of enterprise – the answer to that question may …
Choice of Business Entity Blog Series: The Corporation
I am oftentimes asked about the best choice of business entity for a farm/ranch, agri-business or food entrepreneur. There is no one-size fits all answer to that question as each type of business entity offers different strengths and weaknesses. It is important to pick the right business entity for your specific type of enterprise – the answer to that question may …
Choice of Business Entities Blog Series: The Limited Partnership
I am oftentimes asked about the best choice of business entity for a farm/ranch, agri-business or food entrepreneur. There is no one-size fits all answer to that question as each type of business entity offers different strengths and weaknesses. It is important to pick the right business entity for your specific type of enterprise – the answer to that question …
Choice of Business Entities Blog Series: The General Partnership
I am oftentimes asked about the best choice of business entity for a farm/ranch, agri-business or food entrepreneur. There is no one-size fits all answer to that question as each type of business entity offers different strengths and weaknesses. It is important to pick the right business entity for your specific type of enterprise – the answer to that question …
Choice of Business Entity Blog Series: The “D/B/A”
I am oftentimes asked about the best choice of business entity for a farm/ranch, agri-business or food entrepreneur. There is no one-size fits all answer to that question as each type of business entity offers different strengths and weaknesses. It is important to pick the right business entity for your specific type of enterprise – the answer to that question may …
Choice of Business Entity Blog Series: The Sole Proprietorship
I am oftentimes asked about the best choice of business entity for a farm/ranch, agri-business or food entrepreneur. There is no one-size fits all answer to that question as each type of business entity offers different strengths and weaknesses. It is important to pick the right business entity for your specific type of enterprise – the answer to that question may …
Farm and Ranch Lease Webinar
I will be presenting on farm and ranch leases on March 12, 2014 with Tiffany Dowel, an agriculture lawyer and extension specialist with Texas A & M University for the National Agricultural Law Center (“NALC”). The CLE is titled “Farm & Ranch Leases: Overview and Practical Negotiation Pointers.” The webinar is free to members of the American Agricultural Law Association. …
Using Business Entities as a Risk Management Tool for Your Farm or Food Business
I enjoyed presenting at the NOFA-NY Annual Meeting last Sunday in Saratoga Springs, NY. My presentation on “Using Business Entities as a Risk Management Tool to Help Organic Growth for your Food & Agriculture Business” is below. [slideshare id=30215443&doc=organicgrowthforyourbusiness-useofbusinessentities-140120092329-phpapp02]
Organic Growth for your Food & Agri-Business- Using Business Entities as a Risk Management Tool
I’ll be speaking this Sunday, January 26, 2014 at the Northeast Organic Farming Association (“NOFA”) of New York’s Annual Meeting in Saratoga Falls. My presentation is titled “Getting Prepared for Organic Growth: Using Business Entities as a Risk Management Tool.” My presentation will give an overview of the different choices of business entities, including sole proprietorships, general partnerships, limited partnerships, …
C-Corp, S-Corp, B-Corp- Huh? What’s Best for Your Food and Agriculture Operation
Under NY Business Corporation Law (“BCL”), a corporation is formed in New York by filing a Certificate of Incorporation with the NYS Department of State. Individual shareholders will not be held personally liable for the debt of the corporation unless the “corporate shield” can be pierced. The corporate shield can be pierced in New York if a court finds that the …