Forming an LLC
Legal Training For Illinois Small Farms
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 last in a quarterly webinar series for Illinois small farmers including new, beginning, and urban farmers brought to you by Illinois Extension's Local Food Systems and Small Farms team and presented by Farm Commons
Monday March 18, 2024 at 7 pm CST: Forming an LLC presented by Rachel Armstrong, Executive Director Farm Commons. If you or your producers are curious about the details of an LLC, you’re not alone! Most farmers choose the LLC as their preferred business structure. The good news is 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’re expecting from this entity. We’ll do a quick recap of why an LLC is a good 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 some things about how to preserve their resilience.
Cost: Free for Illinois farmers.
Please register individually for each session of the series:
- Exploring H2A, June 26, 2023 - go.illinois.edu/ExploreH2A
- 5 Steps to Protect Your Farm, September 18, 2023 - go.illinois.edu/ProtectYourFarm
- Land Leasing Basics December 18, 2023 - go.illinois.edu/LandLeasingBasics
- Forming an LLC, March 18, 2024 - go.illinois.edu/FormingAnLLC
University of Illinois • U.S. Department of Agriculture • Local Extension Councils Cooperating. University of Illinois Extension provides equal opportunities in programs and employment. If you need a reasonable accommodation to participate, please contact Sarah Batka firstname.lastname@example.org or 217-300-8636