Based on the advice of a lawyer and friend of ours we set up a family of businesses as follows. – Farm property owned by a revocable family trust with my wife and I both the sole grantors and co-trustees and share beneficiary status with our 2 daughters; – in 2019 we incorporated a for-profit LLC partnership leases the entire farm for $10 per year and derives revenue from agritourism subleasing arrangements through several platforms (e.g., airbnb, hipcamp, etc.), and pays contractors for repairs (materials are paid for by my wife and I as co-trustees as the trust owns the property – only leasehold expenditure related materials are paid for by the business, such as paint – otherwise the business just pays for labor and supplies like cleaning products); – in 2019 also we incorporated a separate non-profit LLC partnership that was originally intended to operate de-facto as a co-operative via the bylaws but not otherwise filing as a co-operative -this business subleases from the property management company, and derives revenue from the sale of farm products to the public and at a corporate rate to the property management company which provides them complimentary to our agritourism guests; in addition, in 2014, my wife and I incorporated a for-profit LLC that she indicated was a partnership upon filing for FEIN, but that she operates as a sole proprietorship and every tax year has filed a schedule C for it under her SSN – this business produces value added products like teas and salves and also provides consulting services – herbalism, doula, midwifery assistant, etc.; in 2015-2016 – I also consulted with a company to found a non-profit corporation which was granted tax exempt status under IRC 501(c)3 for educational purposes. My questions: 1) would it be better for any of these LLCs to operate as an S corporation rather than a partnership, and if so, what is the process for changing the status; 2) if the non-profit finalizes the bylaws that would allow it to function effectively as a co-operative (without changing its status to a co-operative), what if anything should be done to change its status from partnership; 3) on a related note – I have seen that a family farm corporation is another business entity available in Ohio – what are the risks and benefits of that entity and can an LLC file as a family farm corporation or would that require incorporating another entity; 4) if the non-profit LLC continues on as is, but does not pursue tax exempt status, is a board of directors and charitable organization registration required? ; 5) my wife’s business again has been operated as a sole proprietorship but on the SS-4 it indicates that we needed to file a 1065 because it was registered as a partnership, is it necessary to go in and change the status to sole proprietorship with the IRS? – sorry I know this is a lot! Thanks in advance