Filtering by tag: Limited Liability Company ✕

Farm Operating Limited Liability Company: $465,000 max; three members each $155,000 max

Farm Organizations: New Federal Law Simplifies Payment Limitations

The recent H.R. 1 budget reconciliation bill signed into law on July 3, 2025 made a number of changes to farm programs and qualifications that would normally be addressed in a five year farm bill.…

No image

BOI Injunction Returns, A Timeline of Events

It's been a wild month for the Corporate Transparency Act (CTA) but as of today, the injunction against the beneficial ownership information (BOI) reporting requirement is back in place.The reversal…

No image

FinCEN & BOI: Does My Inactive Company Have to File a BOI Report?

December 26, 2024 UPDATE: On December 26rd, a merits panel on the Fifth Circuit Court of Appeals stayed the ruling that vacated the nationwide injunction against beneficial ownership information…

No image

Update for BOI/FinCEN: Federal Court Issues Nationwide Injunction Against CTA

December 26, 2024 UPDATE: On December 26rd, a merits panel on the Fifth Circuit Court of Appeals stayed the ruling that vacated the nationwide injunction against beneficial ownership information…

No image

FinCEN & BOI: Who Is a Beneficial Owner? What Must Beneficial Owners Report?

December 26, 2024 UPDATE: On December 26rd, a merits panel on the Fifth Circuit Court of Appeals stayed the ruling that vacated the nationwide injunction against beneficial ownership information…

U.S. Treasury seal centered on banner reading "Financial Crimes Enforcement Network"

Business Entities: New Federal Reporting Requirements for Small Businesses, Including Farms (UPDATED)

[Farm Law (FLW) Editor's Note: This entry will be coninually updated. This new federal reporting requirement adds a required element of reporting for businesses in the farm and forestry industry…

A man teaches a class using a projector.

Farm Succession: Video of Recent Presentation in Duplin County

The good folks over at Alphin Insurance, Inc. - Mt. Olive office - invited me down the other week to a program for their agents and farmer clients. Was very nice to get "down east" (as I call it) to…

No image

What Are the Steps to Form an LLC?

The Limited Liability Company (LLC) has become, in North Carolina and elsewhere, the preferred entity of choice for most closely-held businesses, including farms. The LLC has also become more widely…