What factors should you consider when selecting an ownership structure for your ranch? What questions should you be sure to answer before deciding? What are differences between an LLC, a C Corporation, and an S Corporation? What are the benefits to partnership, cooperative or shared ownership structures, and what are the drawbacks? Why or when would someone choose a less common ownership structure?
What defines "family governance" and what key factors drive the type of governance structure a family puts into place? How does one effectively integrate family members into its governing structure? What are some governance issues one encounters when creating and administering trusts?
When should a succession plan be put in place? Who should be involved? What are the basic components of a farm or ranch business succession plan? Who can help put it in place?