Published by: The Ohio State University Extension
Written by:
Robert Moore
Attorney, Wright & Moore Co., LPA, Dublin, Ohio
Barry Ward
Leader, Production Business Management, The Ohio State University
Introduction
Today’s farms are more susceptible to liability claims than ever before. This liability exposure comes in many different forms such as moving large machinery over roadways, inviting customers and vendors onto the business property, and environmental issues. While liability exposure cannot be eliminated, it can be managed. Liability limiting entities, such as corporations and limited liability companies (LLCs) can be valuable tools in managing liability. This fact sheet will address the liability protection attributes of these entities and how to design a comprehensive business plan for liability protection…Download full article here
