Meet Farm Commons and get some context on what we'll be covering in today's presentation.
What kind of operation classifies as a nonprofit organization? Hint: You don't automatically have a nonprofit just because your business isn't making money!
Sole Proprietorships and Partnerships
The upsides and downsides of these relatively simple business entity options.
LLCs and S Corporations
General parameters and limitations, tax aspects , how to create, and other decision-making factors to consider.
PSA and Question Break
We answer: What makes a farm a good fit to farm a nonprofit, and how would look in the context of our earlier definition?
What is a C Corporation and why would you choose to form one?
Is forming a cooperative the right choice for your farm operation?
Annual duties and operating agreements
Learn what your basic duties are when forming a business entity. Also - what is an operating agreement, do you need to form one, and how?
We answer questions on running cooperatives as worker cooperatives, updating operating agreement, and more.