Small Business: Industry: Agriculture
Investing in new equipment? Check out our experts' tips on writing it off.
Alberto L. Vasquez, Tulare, Calif.
I have about 40 flatbed trucks that I use from July to October. Ninety percent of the time, I use them on farmland. Am I eligible for any tax breaks?
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? Read more…
Reader Mike asked FSB's advice on surviving the dipping economy. How are you beating the slump with your grassroots business?
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