The following information is a Web Extra from the pages of Top Producer. It corresponds with the article "Partner Up for Success." You can find the article in Top Producer’s January 2012 issue.
Business Entities for Young Farmers
Farm CPA Paul Neiffer thinks C-corporations are probably the best business entities for young farmers. Here's why.
Follow these links to learn more about the various business structures for farms:
Comparison of Five Business Structures
Taxes, Liability Key Issues for Farm Businesses
Income Tax Consequences of Changing Business Entity
- January 2012