Food and Agricultural Law Blog

Divorcing a Business Owner in Illinois: What Happens to the Business? can be a much more complicated question than deciding who keeps a house or how a bank account should be divided. A closely held business may represent income, years of work, family wealth, and one spouse’s future livelihood all at the same time. Whether the relevant asset is an ... Read More The post Divorcing a Business Owner in Illinois: What Happens to the Business? appeared first on Rincker Law, PLLC.

Should a Family Farm Have a Buy-Sell Agreement? What Happens When an Owner Dies, Divorces, or Wants Out? is a question farm families should consider long before an ownership change becomes urgent. A family farming operation may involve parents, siblings, children, cousins, or multiple generations who own land or interests in an LLC or other business entity together. Everyone may ... Read More The post Should a Family Farm Have a Buy-Sell Agreement? What Happens When an Owner Dies, Divorces, or Wants Out? appeared first on Rincker Law, PLLC.

By Sam Ellis, Esq. When USDA says no, an unfavorable agency decision does not necessarily mean the matter is over. In “When USDA Says No: Understanding the National Appeals Division Appeal Process,” Sam Ellis, Esq., of Rincker Law, PLLC, explains what farmers, ranchers, and other agricultural program participants should know about challenging certain adverse USDA decisions through the National Appeals ... Read More The post When USDA Says No: Understanding the National Appeals Division Appeal Process appeared first on Rincker Law, PLLC.

Can an LLC Protect the Family Farm From a Divorce? What Illinois Farm Owners Should Know is an important question for farm families who have spent years or generations building agricultural businesses and accumulating farmland, equipment, livestock, and other valuable assets. An LLC can be a useful part of a farm’s legal and succession structure, but simply placing a family ... Read More The post Can an LLC Protect the Family Farm From a Divorce? What Illinois Farm Owners Should Know appeared first on Rincker Law, PLLC.

Starting a Business With a Friend or Family Member in Illinois? Put These Agreements in Writing First may not sound like the most exciting advice when two people are enthusiastic about launching a new company. But some of the hardest business disputes begin with people who trusted each other enough to believe they did not need formal agreements. Friends, siblings, ... Read More The post Starting a Business With a Friend or Family Member in Illinois? Put These Agreements in Writing First appeared first on Rincker Law, PLLC.