business organization

A Family Farm Business Entity in Maryland: What You Need to Know

Photo by Edwin Remsberg Maryland family farms have specific rules and statutes which apply to them regarding their operating as a business entity. You can read our recent publication on business entities here to refresh your memory on the different options, as well as pros and cons of each entity...

Using a Business Organization Structure to Limit Your Farm’s Liability

In Maryland, 82.7 percent of agricultural operations conduct business as sole proprietorships (Census of Agriculture, 2012). As agriculture continues to evolve, however, producers should consider investigating all types of business organization structure for their operations to limit liability and...

Estate Planning for Farm Families (FS-972)

Earlier this year the Maryland General Assembly recoupled the state estate tax exemption with the federal estate tax exemption. Recoupling is tying Maryland’s state estate tax exemption back to the federal estate tax exemption something that has not happened since 2001. Over the next 5 years,...

A Look at Business Organization Structures: Sole Proprietorship

Photo by Edwin Remsberg
This post should not be relied upon as legal advice Just the other day, I posted on the use of business organization structures by Maryland producers and the fact that the vast majority has not adopted any form of business structure to help limit their liability (see previous post ). Today as...

Let’s Partner Up: General Partnership Overview

Photo by Edwin Remsberg
This post should not be relied upon as legal advice Today we continue our series on business organizations and look at partnerships. A partnership is a separate legal entity created by two or more individuals (“partners”) who each contribute capital, equipment, and skills and share in profits and...

A Closer Look At The Corporation Business Structure

Photo by Edwin Remsberg
This post should not be relied upon as legal advice In continuing our overview of business organization structures, I will be illustrating the corporation structure with you today. A corporation is a legal entity separate and distinct from its owners. A corporation is owned by its shareholders who...
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