Business
I'm looking to set up an LLC or 2. I have been told to set up 2, one owns everything, the 2nd rents everything from the first to conduct business (custom work and such). I have Livestock and a little bit of machinery, no land. The farm looks like it will be gone after my folks go through a nasty divorce. I'm looking to protect myself through their divorce (I own some stuff at dad's and some equipment with him 50/50) and because I plan on doing some custom fixing/manufacturing of farm stuff when the farm is gone.
What way do you recommend I go? Talk to a lawyer? (I've been trying to find someone to do it for a while now, no luck) Or do I set one up myself online?
Live in South Dakota if that makes a difference. Any advice appreciated, thanks!
6
You should have a state collage that should have some one that they recommend to help you. In Kansas we have K State and they have all kinds of Ag help. Sometimes just for the asking. Sometimes we think the up front price is too much, but if it is done correctly the first time it is usually the cheapest in the long run. Good luck.
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