The cost of starting a new farmJune 26, 2008: 1:59 PM ET
Orlen Bates Jr., Zanesville, Ohio
We purchased a home with five acres of land. I plan to grow fruits and nuts, and I want to start the business off as an LLC. I will sell wholesale only. What risks are there selling to just one or two local stores?
I also see big startup costs, and I want to use cash only as I build the farm. Do we loan the money to the LLC? How long can I have write-offs before the IRS thinks I am not a real business?
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