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Incorporation of farm businesses

Incorporation of farm businesses

Economics Information Report. Department of Economics, North Carolina State University. Raleigh, N. C, 26, 61

The corporation offers an alternative organizational form for farm businesses, even though less than 1 per cent. of US farms are now incorporated. Since the act of incorporation creates a new legal entity, serious advance study should be made by farm families. Traditional advantages and disadvantages of corporations are examined for their applicability to farming conditions. For general information, the steps in organizing a corporation are cited.

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