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- Secure farm business location(s) (i.e., purchase, rent or lease)
- Complete farm planning process (production, marketing and financial plans)
- Select and develop farm product and/or service mix
- Establish farm legal structure (e.g., sole proprietorship, partnership, corporation, cooperative)
- Register farm business; obtain business certificate
- Obtain tax identification numbers for the farm business:
- _____ Sales Tax
- _____ Employer’s Tax
- Acquire necessary permits, licenses and certifications; prepare to comply with all relevant regulations
- _____ Local
- _____ State
- _____ Federal
- Purchase necessary insurance (e.g., liability, property, workers’ compensation)
- Secure necessary financing (farm capitalization and operating); establish credit with key suppliers
- Establish farm management team and job descriptions (e.g., family members and partners; employees; lawyer, accountant, other consultant services)
- Open farm business bank account(s)
- Set up farm business office; obtain necessary supplies and equipment
- Set up farm bookkeeping and record keeping systems
- Establish farm policies (personnel, safety, visitor)
- Establish distribution channels/markets for farm products
- Produce promotional and advertising material
- Establish farm work plan; hire and schedule farm labor
Are you in business? You are if you answer yes to all the following:
- I have products and/or services to sell
- I have “announced” my presence (e.g., through signage, advertisements, word of mouth, attendance at a farmer’s market)
- I have customers
- I intend to make a profit from what I sell
- I intend to file taxes as a business
- I have chosen a legal structure for my business (e.g., sole proprietor, partnership, corporation, LLC) and have registered it as required
- I have acquired all licenses and/or permits required to operate my business
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