Secure Your Farm’s Bright Future
Have you thought about whether your farm survive to the next generation?
Only a very small percentage of family farms do. Taking stock of your business and financial operations, defining your goals for the future of your farm and putting in place a plan can help propel your farm into the future.
An effective plan includes solid business planning for succession of the farm that is coordinated with your estate plan and your goals for the future. Consideration of various organizational strategies depending on your goals can include:
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Limited Liability Corporation
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Partnership
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Corporation
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Family Limited Partnership
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Succession or Transfer Strategies
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Asset Protection
Business Formation Rates
You can afford to protect your family and farm.
Operating your farm as a sole proprietor exposes your personal assets as well as your farm assets to creditors, liens, legal judgments, bankruptcy, as well as other financial hardships that may arise. Business formation is the core of asset protection. Preserving the legacy, you have created and worked for requires business planning to address your specific goals and circumstances.
We charge a flat fee for basic components of business formation. If after an initial consultation, we determine that your situation involves more complex issues and additional planning we will provide you with a free consultation to additional planning and provide a quote for those advanced planning services.
The fees for our business formation services are as follows:
Basic Limited Liability Corporation (“LLC”)
Includes:
- Initial Consultation
- One hour follow up consultation
- All email communication until LLC is filed
- Prepare and file Certificate of Formation
- Obtain Registered Agent
- Initial Operating Agreement
- Obtain Employer Identification Number (“EIN”)
Cost
$665 Individual or $950 Couple
Complex Limited Liability Corporation
Includes:
- Initial Consultation
- One hour follow up consultation
- All email communication until LLC is filed
- Prepare and file Certificate of Formation
- Obtain Registered Agent
- Initial Operating Agreement
- Obtain Employer Identification Number (“EIN”)
Speciality Business Planning
Complex Business Planning involving additional time and documents are charges at $325 per hour.
