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Agro Lambacin  Form

Agro Lambacin Form

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[Music] should I convert my farm business to an LLC the short answer is it's definitely worth consideration limited liability companies in Pennsylvania have become by and large the entity of choice for small businesses a limited liability company is available for entities with as many as one owner to as many as like from a tax standpoint it's not all that different than how many farms are currently set up a multiple member LLC can be taxed as a partnership while a one-member LLC will be taxed as a disregarded entity just like a sole proprietorship the limited liability company offers for its members protection from liability unlike a partnership more like a corporation one of the advantages of forming the LLC is that you can contribute real estate to the LLC tax-free through the Realty transfer tax exclusion for real estate devoted to the business of agriculture if you are contemplating forming an LLC you'll want to meet with an attorney to discuss through the d

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