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The Impact of LLCs on Cooperatives: Bane, Boon, or Non-Event?

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  • Frederick, Donald A.

Abstract

In recent years, every state has enacted laws enabling businesses to operate in a new form known as the limited liability company (LLC). Recent changes in the way the Internal Revenue Service (lRS) treats LLCs for tax purposes has increased their appeal. Interest in using the LLC model to organize multi-owner businesses is growing so rapidly that some cooperative champions are wondering if this new kid on the block will deliver a knockout blow to cooperatives. Others see it as an exciting new tool to further cooperative enterprise. This article discusses the characteristics of LLCs, provides some background on their evolution, compares them to other ways of structuring a business, and looks at the challenges and opportunities they offer rural residents and their cooperatives.

Suggested Citation

  • Frederick, Donald A., 1998. "The Impact of LLCs on Cooperatives: Bane, Boon, or Non-Event?," Journal of Cooperatives, NCERA-210, vol. 13, pages 1-9.
    • Handle: RePEc:ags:jlcoop:46361
    DOI: 10.22004/ag.econ.46361
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    Cited by:

    1. Jasper Grashuis, 2018. "Joint ownership by farmers and investors in the agri-food industry: an exploratory study of the limited cooperative association," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 6(1), pages 1-14, December.
    2. Reynolds, Bruce J., 2012. "Joint Ventures and Subsidiaries of Agricultural Cooperatives," Research Reports 280114, United States Department of Agriculture, Rural Development.

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    Keywords

    Agribusiness;

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