Ownership Structures

Many factors may influence the business structure you choose for your farm. Knowledge and advice can help you choose the structure for your operation. Explore these resources to make sound decisions:

• Sole Proprietorship in Manitoba - A sole proprietorship is a business structure that is not seperate or distinct from its owner. The proprietor is responsible for making all of the business decisions. This is the least expensive business setup because it has only one owner.
• Farm Partnerships in Manitoba - A partnership is a business arrangement formed when two or more people agree to operate a business together. 
• Farm Corporations in Manitoba - A farm corporation is a legal entity that is seperate from its owners. A corporation can own assets, incur debts and file income tax returns. An ownership stake in a company is through shares. 
• Family Trusts in Manitoba - A trust is a legal entity through which a person, called the "settlor" gives assets to others called "trustees". The trustees manage these assets for the benefit of other people, called the "beneficiaries". 
• Farm Business Arrangements in Manitoba - Use this resource to learn about joint ventures, co-operatives and other employment agreements.