Property Ownership
Indiana farmland held in an LLC (limited liability company) provides the farmer with:
AComplete protection from all liabilities
BLimited personal liability protection for claims related to the farm business while allowing pass-through taxation✓ Correct
CExemption from property taxes
DAutomatic conservation easement status
Explanation
Holding farmland in an LLC provides limited personal liability protection — separating the owner's personal assets from farm business liability — while maintaining pass-through taxation so profits and losses flow to the member's personal tax return.
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