If you are curious about the benefits and details of forming a Limited Liability Company (LLC), you’re not alone! In the Forming an LLC Webinar, led by staff from Farm Commons in partnership with the University of Illinois Extension, you will learn that most farmers choose the LLC as their preferred business structure and that forming one is quite simple. But at the same time, farmers and ranchers need to know a few keys to ensure they get the benefits they expect from this entity.
This webinar will explain why an LLC is a valuable risk management tool before going into how to form one, which best practices to implement after it’s formed, and regular obligations to keep the LLC in top legal shape. Even farmers who have had an LLC for years will learn how to preserve their resilience.
“This is our 2nd webinar in our year-long, quarterly series with Farm Commons,” states Grant McCarty, Local Foods and Small Farms Educator. “We know how important a topic like LLC can be not only for new farmers but those that are well established. So we’re pleased to be able to offer such a relevant topic.”
Forming an LLC Webinar will be offered via Zoom on Monday, December 16, at 7 p.m. This webinar is part of the Legal Training for Illinois Small Farms Webinar Series. Future webinars in the series include March 17, 2025: Land Leasing Basics and June 23, 2025: Farm Property Insurance.
Registration is required to attend; register online or call University of Illinois Extension at (815) 235-4125.
University of Illinois Extension provides equal opportunities in programs and employment. If you need reasonable accommodation to participate in this program, please call (815) 986-4357.
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 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.
University of Illinois Extension develops educational programs, extends knowledge, and builds partnerships to support people, communities, and their environments as part of the state's land-grant institution. Extension serves as the leading public outreach effort for University of Illinois Urbana-Champaign and the College of Agricultural, Consumer and Environmental Sciences in all 102 Illinois counties through a network of 27 multi-county units and over 700 staff statewide. Extension’s mission is responsive to eight strategic priorities — community, economy, environment, food and agriculture, health, partnerships, technology and discovery, and workforce excellence — that are served through six program areas — 4-H youth development, agriculture and agribusiness, community and economic development, family and consumer science, integrated health disparities, and natural resources, environment, and energy.