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How to Structure a Farm Business- What to do When your Hobby becomes a job!

  • Thursday, April 9, 2015, 6:00 PM - 8:00 PM

How to Structure a Farm business- What to do When your hobby becomes a job!

April 9th 6-8pm at the Silver Spoon Café in the Human Services Building at 323 Owego Street in Montour Falls, NY 14865. Join CCE as we welcome Pam Colomaio, VP of REDEC (Regional Economic Development and Energy Corporation of the Southern Tier) to learn how to structure your farm business and how to go about expanding your ability to accept electronic payments (credit & debit cards).

The following topics will be address during the 1 hour session: Merchant Services, How to choose a merchant service provider—Local bank/Square,what to look for in fees/costs,contracts, buying/leasing equipment,deposit of sales, encryption of equipment. In addition we will also discuss Business Structures, including DBA versus LLC/IncandTax ID’s.

Ms. Colomaio has been involved in the financial Industry for 27 years, she has been Vice President of REDEC since September 2014. REDEC provides technical assistance to businesses, both directly and in partnership with other agencies. The assistance available includes providing direct loans to start up and expanding businesses; acting as a liaison between a borrower and other funding sources; reviewing financial statements to identify specific problem areas; assisting clients with the paperwork involved in obtaining financing; providing networking opportunities for the client; and working with local lenders. Joan Washburn From Five Star Bank will provide details on merchant accounts.

Registration is appreciated by April 7. For questions please contact CCE Schuyler 607-535-7161. There is no fee to attend. Please click the following link to register: https://pub.cce.cornell.edu/event_registration/main/events_landing.cfm?event=Howtostructurefarmbusiness_244

Fee

Free

Learn More

https://pub.cce.cornell.edu/event_registration/main/events_landing.cfm?event=Howtostructurefarmbusiness_244

Last updated April 9, 2015