Limited companies: pros and cons for farmers
Please note that this guidance is intended to be used for general information purposes only, is not intended to be a definitive guide to the law and cannot be a substitute for independent advice. NFU members can obtain free initial legal and professional advice from NFU CallFirst on 0370 845 8458.
A common question asked is why a farm business should seek to be a limited company? According to a Defra survey, less than 10% of farms are held as limited companies. This business guide details the pros and cons of limited liability status in order for members to make an informed decision.