Farm Business & Financial Management
LLC Formation Checklist for Farms
A checklist of steps and papers for forming a limited liability company for a farm. Helps owners prepare for filing and for the changes the new structure brings.
Download free PDF1 page, US Letter, prints clean in black and white
ChecklistFarm Business & Financial ManagementFree PDF
What is on this checklist
- Talk with an attorney and tax adviser
- Choose and check the business name
- Select a registered agent
- File formation papers with the state
- Write an operating agreement
- Apply for a tax identification number
- Open a separate bank account
- Update permits, insurance and contracts
- Transfer assets as advised
- Set calendar for annual filings
How to use this checklist
Print a few copies and keep them where the work happens. Go item by item, tick OK, FIX or N/A, and write what needs attention in the notes.
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 money and loan guides. Between chores, farm.FM has farm humor, including Washington Saves Family Farms by Paying Corporations, and agribusiness farm stories.