Overview With today’s article I look at more legal and tax issues that farmers and ranchers need to know about. Being aware of legal and tax issues is a means of overall risk management for the operation. More discussion of legal and tax issues – it’s the topic of today’s […]Read more »
Business Planning
182 posts
Overview Farm and ranch clients face many income tax issues that require special attention and planning. Likewise, they also encounter many estate and business planning opportunities that they can either take advantage of miss out on. For those representing farm and ranch clients, professional training in these issues is an […]Read more »
Overview Estate and succession planning is very important to many farm and ranch families. Keeping the land in the family is a key component to estate plans and providing a legacy that keeps the family tied together is critical – not only financially, but also emotionally and spiritually. I have […]Read more »
Overview The legal and tax issues that farmers and ranchers can potentially face are practically innumerable. Today I have pulled four more out of the hat to briefly discuss. The first one is one that can occur if you have a C corporation and retain too much of the corporate […]Read more »
Overview As I have noted many times before. There are many ways in which the law intersects with the daily lives of farmers and ranchers. Today’s article addresses several of those areas. Just a little thinking out loud on a random basis. Self-defense; Good Samaritan laws; preparing for the exit; […]Read more »
Buy-Sell Agreements Buy-sell agreements can be very important to help assure smooth transitioning of the business from one generation to the next. But it’s important that a buy-sell agreement be carefully drafted and followed. In my view, next to a properly drafted will or trust, a buy-sell agreement is often […]Read more »
Overview I have started a new Substack that contains the “Rural Practice Digest.” You can access it at mceowenaglawandtax.substack.com. While I will post other content from time-to-time that is available without a paid subscription, the Digest is for paid subscribers. The inaugural edition is 22 pages in length and covers […]Read more »
Overview Today’s post is a summary of just a snippet of the items that have come across my desk in recent days. It’s been a particularly busy time. The semester has ended at the two universities I teach at, exams are graded and now the seminar season heats up in […]Read more »
Registration for both of the national summer seminars that Paul Neiffer and I will be doing is now open. The Branson (College of the Ozarks) seminar is in-person only, but the Jackson Hole event is offered both in-person and online. For those attending the Jackson Hole seminar in-person, a room […]Read more »
Overview On June 12-13, I will be conducting a farm income tax and farm estate and business planning seminar at the Keeter Center on the campus of College of the Ozarks near Branson, MO. This is a live, in-person presentation only. No online option is available. My partner in presentation […]Read more »