Ag Law In The Field

On today's show, we've got Amber Miller, an agricultural law attorney from Lubbock, Texas.  Amber is a Partner at the law firm of Crenshaw Dupree & Milam in Lubbock, where her practice focuses on agricultural law.  On the podcast, we focused on considerations for farms and ranches when it comes to utilizing business entities in their operations.    As we discuss, there is no one-size fits all entity for farmers and ranchers, and there are even situations where one family might utilize multiple different entities.  Amber says that, generally in her practice, folks are interested in business entities are looking for a way to organize management of their operation or are interested in liability limits.  We take the time to talk through four commonly used business entity structures in agriculture: general partnerships, limited partnerships, LLCs, and corporations.  Amber and I discuss the pros and cons of each, outline the filing requirements and other documentation that should be drafted, and we talk about h