Growing Your Farm Profits Planning for Business Success

Business Structure Resources

The structure of a business is important for many reasons. While taxation is often a prime concern for business owners, it should not be the only reason to consider a particular legal structure. Each kind of business structure has advantages and disadvantages. As a business grows or business goals change, a particular business structure may become more or less attractive.

Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA)
Agricultural Information Contact Centre
Tel. 1-877-424-1300
Northern Ontario Regional Office toll free 1-800-461-6132
www.ontario.ca/agbusiness

Legal Structures

OMAFRA Factsheet 02-069 Farm Business Joint Ventures
The joint venture is an ideal business structure when an arrangement that is flexible and less formal than either a partnership or corporation is needed.

OMAFRA Factsheet 10-031 Farm Corporations
This Factsheet will help farm business owners to understand the corporate structure and to decide if incorporation makes sense for their farm business.

OMAFRA Factsheet 11-019 Farm Business Partnerships
This Factsheet will help farm business owners understand the partnership structure and decide if a partnership arrangement makes sense for their farm business.

OMAFRA Factsheet 02-019 Forming a Co-operative
The cooperative business structure is only one of a number of structures that businesses can use.

Other Business Structure Resources

University of Guelph
www.uoguelph.ca

Chartered Professional Accountants Ontario
www.cpaontario.ca

Farm Management Canada
www.fmc-gac.com

  • Agriculture and Agri-Business Structures: A Practical Guidebook
  • Agribusiness Operating Agreements

The following OMAFRA staff contributed to the development of the Growing Your Farm Profits Business Structure section:

Rob Gamble
Finance and Business Structures
rob.gamble@ontario.ca

John Molenhuis
Business Analysis and Cost of Production
john.molenhuis@ontario.ca

www.ontario.ca/agbusiness


For more information:
Toll Free: 1-877-424-1300
E-mail: ag.info.omafra@ontario.ca
Author: Rob Gamble - Business Finance & Alternate Structures Program Lead/OMAFRA; John Molenhuis - Business Analysis & Cost of Production Program Lead/OMAFRA
Creation Date: 10 January 2008
Last Reviewed: 21 March 2016