CA farmers = LLC or misc revenue?

[heady blunts]

hey i've been considering upgrading my garden and possibly having surplus herbs.

hypothetically, i would like to pass it on to my collective for a reasonable compensation.

does it make more sense to 1. not claim any of the income and keep the cash in a mattress? 2. create an LLC for my horticultural business and claim through that? or 3. claim it's a personal grow and then file any income as misc on my taxes?

thanks in advance!

 

[headiez247]

neither.

LLC is a for profit registration. You need to talk to a 420 lawyer about it but often it is registered as a not for profit incorporation.

 

[elgwedoloco]

Wow I was thinking of how to legally collect money the same way. I got a seat to this thread. I bet this will get great results.