[Market-farming] setting up an LLC

Beth Spaugh lists at rhomestead.com
Mon Dec 31 12:58:47 EST 2012


Oh, I don't have anyone in mind to join the farm.  Just in planning want to
keep that an option.

 

Beth Spaugh

Rehoboth Homestead, Peru NY

http://rhomestead.com      http://www.facebook.com/rhomestead

 

"How we eat determines, to a considerable extent, how the world is used." -
Wendell Berry

"Without power over our food, any notion of democracy is empty." - Frances
Moore Lappe

It's not that nice guys finish last. They have a whole different notion
where the finish line is. - unknown

 

 

  _____  

From: market-farming-bounces at lists.ibiblio.org
[mailto:market-farming-bounces at lists.ibiblio.org] On Behalf Of Beth Spaugh
Sent: Monday, December 31, 2012 12:17 PM
To: 'Market Farming'; 'High tunnel discussion list'
Subject: [Market-farming] setting up an LLC

 

I probably need to set up an LLC for the farm, to protect personal assets.
Can any advise on how to divide assets such as tractors, hoophouses, between
personal and farm?  What are the ramifications for depreciating new
purchases?  Do you make all new large purchases farm purchases, or buy new
tractors/hoophouses personally and somehow expense them out?

 

At this point it is sole proprietorship, but I hope to find someone to bring
in to expand or take over.  Advice on how to set it up to bring new members
in?

 

Any and all advice is appreciated at this stage.  Recommended books?  So far
all the online stuff I've found has been extremely general.

 

Thank you.

 

Beth Spaugh

Rehoboth Homestead, Peru NY

http://rhomestead.com      http://www.facebook.com/rhomestead

 

"How we eat determines, to a considerable extent, how the world is used." -
Wendell Berry

"Without power over our food, any notion of democracy is empty." - Frances
Moore Lappe

It's not that nice guys finish last. They have a whole different notion
where the finish line is. - unknown

 

 

 

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