Farming in a limited company – is it right for you?

More and more farmers are looking at the limited company option for their farming business. It is a major decision.

A new in-depth 40-page booklet has been launched that will help identify if it is the right option for you.

Written by Peter Young, Irish Farmers Journal, and tax experts Declan McEvoy and Paddy Cowman of IFAC, it gives a comprehensive guide to the many aspects of limited companies for farmers and also professionals that advise farmers.

It sets out the pros and cons of a limited company and identifies how you should first minimise tax outside the company.

Case studies look at the key decisions to be made and if you do make the decision, it outlines the planning steps needed to make the move.

The important role of directors is set out and also what are your company registration requirements and legal requirements.

Will and succession planning is also dealt with in detail and the use of pensions in a limited company examined.

The booklet is a must for anyone already in a limited company or for those who want to make the right choice for their business or their clients. The price is €15 including postage – see page 4 of the J3 Planning For Profit supplement for details of how to order.