Tax Classification for LLC | Our Full Guide to Ways of Being Taxed by the IRS

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LLC is a business structure that’s popular with small-business owners. An LLC offers the benefits of a corporation (separation of personal assets from business assets) without the corporate formalities (such as holding annual meetings and keeping detailed records). What about the tax classification for LLC? Key TakeawaysAn LLC tax classification determines how the company will … Read more

Starting a Farm Business | All You Need to Know for Success in Agriculture

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So you’ve decided to start a farm. You’re far from alone in your ambition–there were over 2 million farms in the U.S. and 4 million farmworkers by 2021. Some are hobby farm projects, but most are substantial commercial enterprises that significantly impact local and global markets. Making this decision means you’ll need to consider the costs … Read more