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Series

Historical Materials from University of Nebraska-Lincoln Extension

Extension

1996

Articles 1 - 2 of 2

Full-Text Articles in Education

Rp96-11 The Farm Corporation: What It Is, How It Works, How It Is Taxed, Neil E. Harl Jan 1996

Rp96-11 The Farm Corporation: What It Is, How It Works, How It Is Taxed, Neil E. Harl

Historical Materials from University of Nebraska-Lincoln Extension

A corporation is an artificial person that is created and operated according to state corporation statutes. It is a separate taxpayer subject to specific and detailed federal, state, and local tax laws. The advice and service of your lawyer are indispensable in organizing and operating a farm corporation.

There are three basic forms of farm business organization, the sole proprietorship, the partnership, and the corporation. Variations of these forms have resulted in the limited partnership and the "tax option" corporation. These three basic forms are discussed in this research publication.


Nf96-294 Tenants In Common Ownership As An Estate Planning Tool, Paul H. Gessaman Jan 1996

Nf96-294 Tenants In Common Ownership As An Estate Planning Tool, Paul H. Gessaman

Historical Materials from University of Nebraska-Lincoln Extension

Tenants in common is a way of sharing ownership of property among two or more persons in which each tenant holds an undivided interest in the property, and the tenants may own interests of differing sizes.