Ask Paul
I would like to get some interaction going with my audience. I would appreciate any questions that you might have about farm taxation, operations or any other questions that you might have.
Please feel free to send me a quick or detailed e-mail to paul@hansenneiffer.com. I will promise to try to get an answer to you with 48 hours. Let me know if you do not mind me sharing your question and answer on the FarmCPAToday site and I will try to post these on at least a monthly basis.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
The new LLC will be owned by me and the current owner of the S Corp. We will both own 50% fo the LLC as members. We are going to cease the operations of S corp. The current onwer of the S corp wants/will transfer the equipment from the S Corp to the new LLC as paid-in capital, if that’s possible.