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Beginners Board
Tax question
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<blockquote data-quote="kenny thomas" data-source="post: 1606793" data-attributes="member: 8993"><p>To my knowledge there is no registering unless you are Inc. or LLC. But check with your tax advisor. </p><p> Also remember many banks now will only let you deposit a check in the name on the account. If you sell in the farm name then the account must be the same. I know BB&T did that to a friend. He had to get the sale barn to issue him a new check in his name not the farm.</p></blockquote><p></p>
[QUOTE="kenny thomas, post: 1606793, member: 8993"] To my knowledge there is no registering unless you are Inc. or LLC. But check with your tax advisor. Also remember many banks now will only let you deposit a check in the name on the account. If you sell in the farm name then the account must be the same. I know BB&T did that to a friend. He had to get the sale barn to issue him a new check in his name not the farm. [/QUOTE]
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