Business Concepts
Understanding the key ideas behind our structure
Holding Company
The parent company structure that owns and governs all subsidiary entities. Provides centralized oversight while allowing operational independence.
- ✓ Parent organization for all subsidiaries
- ✓ Board of Directors (2 members) provides governance
Subsidiary Relationships
How the three subsidiaries interact with each other and the holding company. Defines governance vs. operational boundaries.
- ✓ Three distinct subsidiaries: Rental, Farm & Events, Groundskeeping
- ✓ Each has its own President with full operational authority
LLC Structure
Limited Liability Company formation, operating agreements, and annual compliance requirements for each entity.
- ✓ All entities structured as LLCs for flexibility
- ✓ Operating agreements define governance rules
Liability Protection
How the multi-entity structure shields each business line from cross-liability risks. Maintaining the corporate veil.
- ✓ Separate entities = separate liability
- ✓ Corporate veil protects personal assets
Inter-Company Transactions
Rules for services between subsidiaries. Requires written agreements, fair market value pricing, and proper documentation.
- ✓ Written service agreements required
- ✓ Fair Market Value (FMV) pricing mandatory
Conflict Resolution
6-step procedure for resolving disputes between entities or board members. Includes arbiter engagement for unresolved issues.
- ✓ 6-step escalation procedure
- ✓ Direct negotiation first
Board Compensation
Profit-sharing model where board members receive distributions from remaining profits after operating expenses, rainy day fund contributions, and annual budget allocations.
- ✓ Profits calculated after all operating expenses paid
- ✓ Minimum rainy day fund maintained before distributions
Parcel Mapping
How to obtain and use parcel maps, GIS data, and SDAT records for property documentation and planning.
- ✓ SDAT provides official property records
- ✓ GIS maps show boundaries and features
Grants & Tax Benefits
Available historic tax credits, agricultural grants, conservation programs, and other financial benefits.
- ✓ Historic Tax Credits (state and federal)
- ✓ Maryland Agricultural grants
Restrictions & Limitations
Historic preservation requirements, AR zoning restrictions, rental regulations, and LLC compliance obligations.
- ✓ Historic preservation review requirements
- ✓ AR Zone event limits (50 days/year for 100+ people)