One of the risks for a farming operation that is often overlooked is management and continuity of ownership. This is one of the reasons it is essential that whatever your business structure, you need to understand what the rules are.
Even if you’ve talked about it, and especially if you haven’t, writing down a partnership agreement or unanimous shareholders agreement, is a critical step for your farm business.
This will be a living document, meaning that as the farming business grows the document will evolve with it.
Don’t miss this important lesson from Tracy Hanson, Calgary lawyer, onthe importance of writing down the rules of your farm operation.
This workshop was funded in part by the Agriculture & Food Council of Alberta