Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
cattle ownership: personal property vs. business assets
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="brihop" data-source="post: 1000053" data-attributes="member: 18530"><p>Do ya'll recommend forming an LLC to own cattle and build a herd, or do you just consider them personal property and not fool with maintaining/reporting as a business? I only have 12 cows but plan on growing. However, I do have an LLC on the books already (personal business that never really got legs). No busy roads around, so don't need incorporation for risk/liability reduction. However, maybe purchase of cows as business property could be a deductible expense come tax time? ...What are your thoughts?</p></blockquote><p></p>
[QUOTE="brihop, post: 1000053, member: 18530"] Do ya'll recommend forming an LLC to own cattle and build a herd, or do you just consider them personal property and not fool with maintaining/reporting as a business? I only have 12 cows but plan on growing. However, I do have an LLC on the books already (personal business that never really got legs). No busy roads around, so don't need incorporation for risk/liability reduction. However, maybe purchase of cows as business property could be a deductible expense come tax time? ...What are your thoughts? [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
cattle ownership: personal property vs. business assets
Top