Course Name: AB014-Ownership, Liability, and Risk 

This course covers different business structures and the advantages and disadvantages of each. For example, a sole proprietorship (the most common type of business structure) is owned and operated by a single individual. Sole proprietorship has the most flexibility of the business structures, but this flexibility comes with a price—unlimited liability. This class also covers risk and risk management. Areas of risk can include production, financial, price, institutional, or human. This module will teach participants how to evaluate the level of risk in their businesses or farms and create plans for corrective measures to avoid or minimize risk. Identifying and managing risk in the early stages of the planning phase is important. 1. Business structures and the pros and cons of each 2. Risk management 3. Tools for managing risk 4. Analyzing on farm risk 5. Food safety issues 6. Disaster preparedness Questions? Email Trent Teegerstrom at tteegers@ag.arizona.edu.