AgTalk Home
AgTalk Home
Search Forums | Classifieds (272) | Skins | Language
You are logged in as a guest. ( logon | register )

What business structure to put farm in
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
featherfarmer
Posted 2/20/2021 07:36 (#8846089 - in reply to #8845992)
Subject: RE: What business structure to put farm in


Upper Midwest
Fetv - 2/20/2021 06:38

You might consider putting the land in an LLC. Then you rent the land from the LLC as an operator. The rent that you pay to the LLC would not be subject to Social Security tax. Running it as you are all profits May be subject to Social Security tax.
I think you have it backwards. You want the land in your name and the LLC would rent the land from you. It's not the rent your going to pay SS tax on, its the profits. The LLC would not pay SS tax on the profits.

Edited by featherfarmer 2/20/2021 07:38
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete all cookies set by this site)