Thanks for your input. I do know if we bought any equipment on a shares basis, our tax man would have a fit and bring up the "partnership" issue. We purchase cattle on a shared basis and he said the IRS would view this as a partnership and we need to set up as a partnership instead of each paying 1/3 individually. I don't understand what difference it makes - we still report and pay taxes on profits, just individually. We have personal insight in the corporation department. My folks incorporated years ago and are now trying to retire. What a mess - the corporation has a lot of money that cannot be accessed without huge tax issues, while my parents personally have no money.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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