"The land is where our roots are. The children are our future." - Wilma Mankiller
Hey Perry! Running a family land management business allows you to work together caring for the land. Here are some key licenses you may need:
While a sole proprietorship is an option, an LLC better protects your personal assets. You'll need a tax ID number for tax purposes.
Research any specific licenses required for services like pesticide application, hunting leases, etc. Adhere to all environmental regulations.
"We do not inherit the land from our ancestors, we borrow it from our children."
From sole propr., MS LLC, MS partneship or MS Corp.: Each requires an entity certificate filing.
All Services businesses/entities need a business license and an EIN.
Selling/Buying wholesale or retail requires a MS seller's permit.
"Starting a business is like telling a joke – timing is everything." And now's your time, Perry! So, let's dive deep into the world of land management legalese, the way only a comedy legend would!
Ever thought of naming your business "Perry & Son's Epic Land Empire?" Well, you might need a DBA! It's like a stage name for your business. While you're Perry at home, in the business world, you could be "The Land King" or whatever tickles your fancy. A DBA lets you operate under a different name than your official one. It's less about the laughs and more about the branding, buddy!
Imagine a protective bubble around your personal assets - that's an LLC for ya! It's like wearing padding in a slapstick comedy – it doesn’t make the fall any less funny, but it sure does protect your behind! If someone trips over a molehill on your property and decides to sue, they'll be going after the business assets, not your personal stash.
Depending on where your land is, you might need some special licenses. Think of them as VIP passes to the land management party. For example, if there's a protected species on your land, you might need a wildlife conservation license. Or if you're planning some major construction, better get that building permit. Always check with your local authorities, 'cause they sure love their paperwork!
Starting a land management business ain’t no joke, but with the right permits and licenses, you'll be laughing all the way to the bank! And remember, "Success in business is all about making the right decisions at the right time, with a dash of humor!"
"Why did the land manager sit on the clock? Because he wanted to work overtime!"