Although the incorporation of a farm seems like a great idea, there are factors to consider beforehand to ensure it's the right plan for you.
By Andrew Joseph, Farms.com; Photo by Andrew Draper on Unsplash
For those of you who are considering the incorporation of your farm, Farm Credit Canada (FCC) said there are a few things that need to be considered first.
\While incorporating a farm may seem practical and a good business decision, it isn’t in the best interests of all agri-businesses to do so.
According to Lance Stockbrugger, a chartered accountant and farmer in Saskatchewan, farm incorporation has its pros and cons.
To read the FCC article providing advice on farm incorporation, click HERE.