How can the property and finances be split if a succession plan is Not in place? If you don’t have a plan in writing with a Last Will and Testament, Trust and/or business formation documents (e.g., Operating Agreement or Bylaws) then the law will decide for you. Everybody has an estate plan- it’s what the “default rules” are in your …
Show Me the Money – How to Open a Business Account
New business owners often wonder which action items to prioritize when launching a new venture. If you recently started or are about to start a business, one of the most important steps you should take is to open a business bank account that is separate from your personal account. Opening a separate account will lay the foundation for more effective …
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 …
New York Food and Agriculture Law Book for Farmers and Food Entrepreneurs – Coming Soon!
I’m super excited to announce that I have a New York food and agriculture law book that will be published soon! I co-authored this book with the great Pat Dillon, an Iowa agriculture lawyer who wrote Field Manual: Iowa Farmer’s Guide to Legal Issues. This book is specifically designed to assist New York farmers and food entrepreneurs.
Looking Back: Two-Year Blogging Anniversary
Seems like just yesterday I was driving across South Dakota with my dog Taylor before starting Rincker Law, PLLC and this blog. It’s been a great ride so far. Big thank you to my friends, family, colleagues, contract attorneys/legal assistants, clients and blog readers for all your support. It’s been a busy year indeed. Over the last year, I am …