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Keeping owners, managers, and stakeholders up to date on issues affecting their businesses.

Qualified Pass-Through Entities: New Flexibility for Farm Business Structures

Name: Boardman Clark Law Firm
Address: 1 S. Pinckney St., Suite 410, Madison, WI, 53701, United States
Telephone: (608) 257-9521
Price range: $

08.19.26

For many years, farming operations faced a difficult choice when determining how to structure their business. General partnerships often provided a financial advantage because they received favorable treatment under United States Department of Agriculture (“USDA”) payment limitation rules. Corporations and other business entities, however, offered valuable liability protection and management benefits but were often disadvantaged by those same USDA payment limitations. Beginning in 2026, that tradeoff is largely disappearing.

Jeff Storch | 08.12.26

On August 11, 2026, the Financial Crimes Enforcement Network (FinCEN) announced that it was issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act (CTA).

Mikaela Steckelis | 08.05.26

Beginning July 4, 2026, parents and guardians of minor children may establish new individual retirement accounts for their children called Trump Accounts. This new tax-advantaged retirement savings vehicle is a starter IRA (Individual Retirement Account) for children, with different contribution limits, investment rules, and other requirements than a traditional IRA.