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If a farm limited liability company ceases to farm, can the limited liability company be maintained?

April 26, 2017ceases farm limited liability company maintained

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If a farm limited liability company ceases to farm, can the limited liability company be maintained?

1 Answer

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Yes, the limited liability company can be maintained if an amendment is filed to convert the farm limited liability company to a business limited liability company after the land and livestock have been divested.