Mark Evans walks through setting up a farm LLC, covering fiduciary financial services that run around $5,000 a month and how a fiduciary acts as a hub coordinating your tax advisor and other specialists. He explains the LLC structure and W-2 employee setup responsibilities.
You never really talk about the fiduciary style things that you guys could do, too. We haven't talked about that. Because I think they're five grand a month for what I get. They're fiduciaries. They're like the hub for the spokes, like tax advisor. He can create a fiduciary environment for you. Right now, my guy is working for me through the fiduciary, pushing projects forward. We're working on this property I'm buying. It's like, should we set up a farm llc? Farm llc? Here's why. Here's the good, here's the bad. It's your choice, but here's what I would do, and here's why. And then, boom, the W2 employee thing. Here's what we need to do. We'll set it up, but we're not going to do the work to finish it. We're great starters, terrible finishers.
