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Securing Your Legacy on the Land, Part 3: Alternate Ownership Structures

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? These questions and more are addressed in this third part of our 5 part succession planning for landowners series with Bank of America family office practice expert Howard Weiss. 

The Western Landowners Alliance and the authors reserve all copyrights on publications posted on our website unless otherwise noted. Please contact us for reprints or for special use requests.

Habitat Conservation Strategies for Migrating Wildlife

Landowner perspectives gained through one-on-one interviews and focus groups throughout the Upper Rio Grande region provide the foundation for the recommendations contained within this toolkit. These perspectives are shared side-by-side with concise strategies for policymakers, funders, and organizations looking to improve wildlife habitat in this dynamic trans-boundary region of Colorado and New Mexico.

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Securing Your Legacy on the Land, Part 2: Family Governance

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?

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Conservation Economics on Western Working Lands

Conservation is a form of economics What policy conditions would empower landowners to allocate time, talent and resources to biodiversity and connectivity? This question is the center of this paper, which treats conservation primarily as a certain desirable form of economics. Ultimately, it argues, the next era of conservation must focus on creating fertile conditions…

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Securing Your Legacy on the Land, Part 1

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?

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Reducing Conflict with Grizzly Bears, Wolves and Elk

In this guide, WLA offers the collective knowledge and hands-on experience of over 30 land, livestock and resource managers constructively engaged in one of the greatest conservation challenges of our time: how to share and manage a wild, working landscape that sustains both people and wildlife.

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Frontline Perspectives

Landowners speak from experience on forestry The American West is home to some of our nation’s most iconic forests. WLA staff interviewed landowners throughout the West to gain their perspective on these incredibly diverse ecosystems and their role in supporting local economies and providing critical water supplies, recreational opportunities and sanctuary for wildlife populations.

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Water Rights in the West

Few things are as crucial to ranch operations as water. Getting a handle on your water rights may seem akin to drinking from a fire hose, but it is wildly important. Western water is complex, contentious, and rooted in rich history. This must-read article will help you keep your head above water.

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Speaking from Experience: Landowners & the Endangered Species Act

This informative guide on the Endangered Species Act provides essential information on the law itself, changes currently being proposed and perspectives from experienced landowners.

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Toward a Healthy & Productive West

Six common sense principles endorsed by more than 130 organizations light the path to a better West. We urge Congress and the Administration to advance these principles to achieve rural economic health and a productive agricultural sector, provide for our human needs, and protect the landscapes in which we live and work.

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Restoring America’s Rural Economies, Land and Wildlife

The land and people of rural America are the foundation of our national economy and way of life, providing the food, water, energy and wildlife upon which we all depend. Yet rural America is struggling and working lands are disappearing. With the right public policies and strategic investments we can change this. Read WLA’s 2017 policy platform to learn more.

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