When it comes to your farm or ranch, nobody knows the operation like you. You know how many acres you’re operating, and you have inventories on all your commodities. Hopefully, you even know what assets and liabilities you have by taking a quick look at your net worth statement. But what steps have you taken when it comes to managing for taxes or assessing legal risks? By reviewing your operation’s business structure, you may find creating a business entity could provide your operation with added benefits.