Guests - If You want access to member only forums on HSO. You will gain access only when you Sign-in or Sign-Up on HotSpotOutdoors.

It's easy - LOOK UPPER right menu.

  • Announcements

    • Rick

      Members Only Fluid Forum View   08/08/2017

      Fluid forum view allows members only to get right to the meat of this community; the topics. You can toggle between your preferred forum view just below to the left on the main forum entrance. You will see three icons. Try them out and see what you prefer.   Fluid view allows you, if you are a signed up member, to see the newest topic posts in either all forums (select none or all) or in just your favorite forums (select the ones you want to see when you come to Fishing Minnesota). It keeps and in real time with respect to Topic posts and lets YOU SELECT YOUR FAVORITE FORUMS. It can make things fun and easy. This is especially true for less experienced visitors raised on social media. If you, as a members want more specific topics, you can even select a single forum to view. Let us take a look at fluid view in action. We will then break it down and explain how it works in more detail.   The video shows the topic list and the forum filter box. As you can see, it is easy to change the topic list by changing the selected forums. This view replaces the traditional list of categories and forums.   Of course, members only can change the view to better suit your way of browsing.   You will notice a “grid” option. We have moved the grid forum theme setting into the main forum settings. This makes it an option for members only to choose. This screenshot also shows the removal of the forum breadcrumb in fluid view mode. Fluid view remembers your last forum selection so you don’t lose your place when you go back to the listing. The benefit of this feature is easy to see. It removes a potential barrier of entry for members only. It puts the spotlight on topics themselves, and not the hierarchical forum structure. You as a member will enjoy viewing many forums at once and switching between them without leaving the page. We hope that fluid view, the new functionality is an asset that you enjoy .
  • RECEIVE THE GIFTS MEMBERS SHARE WITH YOU HERE...THEN...CREATE SOMETHING TO ENCHANT OTHERS THAT YOU WANT TO SHARE

    You know what we all love...

    When you enchant people, you fill them with delight and yourself in return. Have Fun!!!

Sign in to follow this  
trophychaser

Setting up a hunting LLC

Recommended Posts

Just wondering if anybody has set up a hunting group and has some ideas. I'm trying to talk my 3 brothers, dad, and uncle into this. It's nearly imposible for the average hunter to be able to have a place of their own. That's the main reason I'm looking into setting something like this up. Any advice would be great.

Share this post


Link to post
Share on other sites

In my personal experience, getting friends/family together on a piece of property jointly owned is a great way to break up a family/friendship. Tread lightly.

Eventually you are going to have major differences on how things should be done, how the money will be spent, etc. Soon after that someone will want out, or someone will pass on. That is when the real hard feeling show.

My suggestion? Buy a piece yourself and rent to them.

Share this post


Link to post
Share on other sites

In my personal experience, getting friends/family together on a piece of property jointly owned is a great way to break up a family/friendship. Tread lightly.

Eventually you are going to have major differences on how things should be done, how the money will be spent, etc. Soon after that someone will want out, or someone will pass on. That is when the real hard feeling show.

My suggestion? Buy a piece yourself and rent to them.

Good points!! Used to hunt with my brother on his land just didn't work. So I bought some land down the road from his and now we enjoy being around each other during the hunting season.

Share this post


Link to post
Share on other sites

I know there can be problem going in as a group,but what about LLC is there a lawyer out there that can explain the plus and minus with setting up a LLC on hunting property?Exp 1 I own 180 acres 40 swamp 40 woods and 100 crp.Exp 2 I own 180 timber?

Share this post


Link to post
Share on other sites

From what little I know, an LLC just gives you a liability break in case someone gets hurt on your property. Our "group" is an LLC. Everyone is joint owner. If you wish to have certain laws or rules of how the place is run you can put that into the contract.

Just make sure you spell out exactly how it will be handled if like I said, someone wants out, or dies. THIS WILL HAPPEN EVENTUALLY and should not be a time for hard feelings.

Share this post


Link to post
Share on other sites

We had concerns about our hunting party when we bought land a year ago as well. Mostly about what happens if someone wants out since we'll be taking out loans for the property.

How do you accomplish getting a group of guys that hunt together into an LLC? To form an LLC, don't you have to have a business purpose, make a profit in the first few years to be a legit business, file a tax return, etc?

Share this post


Link to post
Share on other sites

I think you need to set it up as a business and your group would be invester in the LLC?That would protect everones personal assets like our home,business and if someone was injured on the property they cannot go after your personal assets.Let say someone in the group gets divorced,our dies?

What happens,I think you need to talk to a lawyer and your accountent.Donbo is right THIS WILL HAPPEN EVENTUALLY.

Share this post


Link to post
Share on other sites

Against my better judgment, I'll give you a couple general thoughts.

First, as for liability, I think most people don't understand the liability you have as a property owner in regards to allowing people to hunt on it. Basically if you aren't charging them, there is a statute that protects you and essentially they are treated like trespassers as far as if they are hurt there. The bigger concern you should have would be liability for debts incurred in the group that you are part of.

As to an LLC, in general an LLC was created to provide a business entity that has corporate liability shield with partnership tax status (the best of both worlds). You can (and should) provide for buy out provisions and that type of stuff in your organizational papers and that can address some of the stuff discussed herein. I would STRONGLY encourage you to also develop written guidelines for use of the property now while you are all in agreement on things and getting along well, rather than having a problem down the road without having considered it. There are some requirements as to annual filings, meetings, etc. you have to follow to be an LLC, and you'll have to provide the members with K-1's at the end of the year and do some tax papers and filing there too.

BEST ADVICE, talk to your CPA and your attorney for specific advice.

Share this post


Link to post
Share on other sites

Definately talk to an attorney. You don't have to show a profit. You can set it up as a not for profit business. I believe ours says we use the land for recreational purposes. The tax filling at years end for this type of LLC is very simple.

I still recommend you bite the bullet and buy your own property.

Share this post


Link to post
Share on other sites

Small things such as cutting a tree down for a shooting lane can become big issues.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  



  • Your Responses - Share & Have Fun :)

    • A Tucan? If you break them up I don't see a seed eater passing them by.    Maybe bait for Late Season Squirrel.  
    •   Well you must be talking about my old-New Cat?   Tore it down and found a finger tight head bolt and loose carb boot bolt!  Someone at the Cat plant went to lunch a little early!! The cylinder is in the shop right now so it may be back on the lake fishing anyway yet this year?  High speed trails. May be not?
    •  Following Monday's snow we hit the Reservoir Trail out of Twig Wed afternoon.  Freshly groomed and what a sweet ride it was but too short  More snow in the forecast.   Ride When and What You Can. Going out Fri night.
    • "A little too fast for a sled not completely broke in yet any way"  For what the new POO Axys or the 2003 Cat? Very low miles on an old sled is good but sitting idle for years is no good. Dirty carbs and or rust on the bearings was the Cats downfall.
    •  Most riders are going to cross a driveway in the ROW as if it were any other crossing.  Start putting up barricades or berms to impede crossing the the ROW and heads will butt.  Point is you may have paved the driveway onto the ROW and feel some ownership but the law says you don't control it.   I see it all the time where a landowner blocks of the ROW.   The local club might contact you or Law Enforcement will to inform you to remove the barrier.  
    • I have two huge bags of shelled pecans and walnuts from Xmas that won't be used anytime soon and was wondering if I can feed these to birds and what species of birds would eat them
    • Well, it’s been a few more days. Cardinals are eating it, but they don’t seem to prefer it. Must be a lower quality seed, perhaps? I’m only getting 1 or 2 cardinals now, as opposed to the 10 to 12 I was getting before. Also not getting the sunset feeding frenzy anymore. The redpolls love it though. Anyway, do you guys do anything to help prevent sunflower shell messes, or do anything to clean them up, or do you just deal with the mess?
    • I noticed lately most tire shops have and use torque wrenches instead of just relying on impacts like they used to. Probably a liability thing. Keep in mind a lot of shops employ high school kids part time which is good because they know everything at that age. I had a shop years back put on lugs so tight it ruined the rims and lug nuts. Breaker bar is also a handy tool as well as the BFH
    • Congrats huckfin!!! It was a crashfest! Now to the real racing.
    •   It may be that they knew the folks up there needed a little extra help because they couldn't get the Righty tighty-Lefty loosey deal down. So, they had to make special trucks just for the Yukon Territory?  
  • MWO