Farm Succession Planning Is Also Business Planning: What Illinois Farm Families Should Consider is an important reminder that passing down a farm is not only an estate planning issue. For many Illinois farm families, succession planning may also involve business structure, management authority, contracts, leases, taxes, family communication, land ownership, and long-term decision-making. A farm is often more than a …
Business Structure Options for Farms in Illinois: LLCs, Partnerships, and CorporationsBusiness Structure Options for Farms in Illinois: LLCs, Partnerships, and CorporationsRunning a successful farm is not only about planting crops and raising livestock, but also about protecting your assets and planning for the future. Business structure options for farms in Illinois: LLCs, partnerships, and corporations to protect farmland and operations …