MoMule and BillB;
Great advice on the liability policy and also LLC formation. Thank you for providing us with your professional take on the situation. I am an absentee land owner, but only 10 minute drive away, but I am concerned because my land is only 5 min from a 250,000 population center...there will likely be trespassers.
I am considering opening an LLC as it can be set up for a few hundred dollars - and you can also [if you have a creative acct like mine] write off some expenses of the land thru said LLC. I am going to be raising fish, and will be writing off the cost of my electricity, pellets, subsequent stockings, the rock I placed for structure, dock, nets, aeration system, gates, more rock, etc.
Thanks again for the advice...I found it very helpful.