Farm Business & Financial Management
Farm Business Entity Comparison Guide
A comparison guide to common business structures for farms, listing what to weigh for each one. Helps owners prepare questions for an attorney and tax adviser.
Download free PDF1 page, US Letter, prints clean in black and white
GuideFarm Business & Financial ManagementFree PDF
The steps on this page
- List your goals for the business
- Review sole proprietorship features
- Review partnership features
- Review LLC features
- Review corporation features
- Compare liability protection
- Compare tax treatment with your adviser
- Consider ownership and succession plans
- Record questions for your attorney
How to use this guide
Walk a new hand through the steps once, then let them use the page on their own. Add your own notes as you learn what works.
Where to check the details
This sheet is a general template, so confirm specifics with your own manuals, labels and local rules. For current official guidance, start with SBA and IRS.
For more in this area, see the farm loans, grants and taxes. Between chores, farm.FM has farm humor, including Jesus Was Born on a Dairy Farm, and agribusiness farm stories.