Assisted Client with the Formation of a Horse Boarding Operation
Our client purchased a farm in Shelby County with the intent to start a horse boarding operation. In conjunction with the client’s accountant, we advised them on entity formation and formed two LLCs to hold the real estate and run the business, respectively. We prepared a lease agreement for the business LLC to lease the farm from the property LLC, and we facilitated transfer of personal property (horses) into the business LLC. We also advised the client on risk management and insurance issues relating to a boarding operation.