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Back in the “Dark Ages” when I was in university taking classes in Industrial/Organizational psychology, the topic of “change” was an issue that would come up occasionally, was an interruption to “normal” activities, and had to be tackled much like a project with a beginning and an end. 1,525 more words


Determining How to Structure Your Family Farm Business, P.2

In our last post, we began looking at the issue of business planning within the context of a family farm business. We’ve already spoken about the importance of appropriately structuring a family farm business because of the potential tax consequences. 294 more words


Determining How to Structure Your Family Farm Business, P.1

Regardless of the type of business you run, you need to put a well-thought-out business plan in place. Business planning covers all aspects of a business, from its legal structure, to marketing, to succession planning. 275 more words


Pet Peeve: Should you form an LLC or an S Corporation? Why not both?

Today’s pet peeve is a question that is frequently asked. In fact, the question is so common that if you type “LLC” into Google, its autocomplete function may suggest the term “LLC vs. 601 more words

Pet Peeves

Pet Peeve: The "C" in "LLC"

Today, I’m introducing a new category of posts on the blog: Pet Peeves. Posts in this category will discuss popular (and too-often-professional) misconceptions about the law in the hopes of correcting those misconceptions. 198 more words

Pet Peeves