Business Planning: Business Structures

An important aspect of securing the future of your farm business is to establish the right form of business ownership. How you structure your business could affect your taxes, your ability to make timely decisions, your liability, and your farm succession plan.  

The most common forms of farm business ownership are sole proprietorships, general and limited partnerships, limited liability companies, and limited liability partnerships.   

Launch your Business/Choose a Business Structure from the U.S. Small Business Administration is a great resource that describes and compares the various business structures.   

Depending on the business entity you choose, you may need to register Articles of Incorporation with Oregon’s Secretary of State office