Legal risks can be fatal to a farm business and addressing them proactively can keep farms in business. Just as important, understanding legal issues can dispel anxiety and help farmers realize their power to control their circumstances.
This is the final in a quarterly webinar series for all Illinois small farmers brought to you by University of Illinois Extension's Local Food Systems and Small Farms team and presented by Farm Commons. There is no cost to register for the series. Each session begins at 7 p.m. and lasts for one hour. Individuals who have farmed for years can learn tips to strengthen their legal confidence in running their farming operation.
Forming an LLC
Producers are often curious about the details of an LLC, and most farmers choose the LLC as their preferred business structure. The good news is that forming one is quite simple. At the same time, farmers and ranchers need to know a few key details to ensure they get the benefits they expect from this entity. Join this session for a quick recap of why an LLC is a good risk management tool, learn best practices for implementation, and understand the regular obligations needed to keep the LLC in top legal shape. Farmers who have had an LLC for years can learn a few things about preserving their resilience.
Presenter: Rachel Armstrong, Executive Director, Farm Commons
ABOUT FARM COMMONS: Farm Commons is a national nonprofit organization specializing in legal education for farmers. Our mission is to empower farmers to resolve their own business law issues within an ecosystem of support. Through education, leadership development, and community-based problem-solving around business law, agricultural communities become stronger and more resilient. The result is a legacy of sustainable farms and a community-based food system for everyone. At Farm Commons, paperwork is powerful.