Among those who desire to own their own business, many attempt to build a company from scratch. That, however, is not the only available option. Purchasing a company that is already in existence is a valid alternative. If you are interested in potentially acquiring a business instead of starting one from the ground up, there are several vital questions to … Read More
Exports of agricultural products are a big part of Idaho’s economy. In the most recent marketing year Idaho exports of potatoes and potato products totaled 1.4 billion dollars. Other exports include things like dairy products, vegetables, and fruits. Idaho also exports a significant amount of alfalfa hay. Agricultural exports are also important nationally. Last year the United States exported $140 … Read More
The IRS is in the business of collecting taxes. Pursuant to new tax rules enacted under Title XI of the Revenue Provisions Related to Tax Compliance of the Bipartisan Budget Agreement (“BBA”), the IRS will have an easier time auditing and collecting taxes from partnerships and limited liability companies beginning January 1, 2018. Limited liability companies (“LLCs”) that have elected … Read More
Farmers and ranchers are independent folks. But when it comes to handling and marketing farm products it makes sense to work together. The Capper-Volstead Act is federal law that allows agricultural producers to form cooperative associations and be immune from the application of antitrust laws. Antitrust laws are designed to prevent monopolies in the marketplace. Competition is generally beneficial for … Read More
The location of your small business is an important factor in whether it succeeds or fails. Accessibility to customers, vendors, and employees, proximity to competitors, and zoning restrictions are just a few of the factors you have likely considered. Once you have determined the best location for your business, the next question is whether to lease or buy your commercial … Read More
One of the first decisions to make when starting a business is what type of business entity to form. The limited liability company (LLC) is one of the most popular business structures because it offers a level of flexibility and legal protection that is attractive to many people who are starting their own businesses. The following six steps will help … Read More
“What a nuisance!,” I overheard the woman say at the grocery store. “Farmer Johnson was out all night baling hay and making noise with his tractor.” I smiled knowing that Idaho law protects the right of a farmer to operate his farm without the threat of a nuisance lawsuit. Idaho’s Right to Farm Act states that agricultural operations are not … Read More
Before a person can lawfully operate a public warehouse in the State of Idaho he or she must first procure a license from the Idaho Department of Agriculture. A public warehouse means any elevator, mill, warehouse, or other structure or facility where agricultural commodities are received for storage, shipment, processing or handling. An example would be your local elevator that … Read More
Under Idaho law two (2) or more counties within the state may group themselves together and form a fair district. Upon creation of a district the respective county members are required by law to appoint a board of directors. The board of directors is in turn required to hold monthly meetings, keep track of funds, and make plans for a … Read More
I just finished reading a book about adoption fraud in Tennessee in the early 1900s and it sparked a curiosity in me about how adoption started in our state and what protections our laws afford to children, birth families, and adoptive families in Idaho. Through my research, I learned that adoption became a recognized legal practice in the United States … Read More
