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re: Starting a buisness (farming) and curious where to start
Posted on 2/18/17 at 12:33 am to FelicianaTigerfan
Posted on 2/18/17 at 12:33 am to FelicianaTigerfan
quote:
I really have no idea how to do this or what needs to be done.
So, instead of writing a business plan and consulting with professionals, you come to an internet message board?
The best way to start a small business is to start a big one and wait. Do you at least know the basics of the type of farming you intend to do?
quote:
LLC, Partnership/Co-op, LLp, etc?
This is all going to depend on a huge range of factors. It is hard to go wrong with an LLC - because you have partnership (or sole proprietor) rules of management, but limited liability of a corporation. You can also elect flow through taxation, which I assume you're going to want.
Posted on 2/18/17 at 7:14 am to Ace Midnight
Ok so my OP was poorly written. What I have no clue about is how to turn what I've been "official" as a business with the state, get tax ID, etc
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