Everyone Knows what a Cooperative Looks Like

Date: Monday, November 7, 2022
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: Todd R. Eskelsen, JD, Eskelsen Law Group, LLC
Moderator: Wayne Sine, CPA, Director of Education, National Society of Accountants for Cooperatives
Learning Objectives:
At the conclusion of the presentation, participants should:
1. Understand the three basic cooperative principles identified by the IRS for cooperatives – subordination of capital; democratic control by members; and allocation of margins on the basis of patronage;
2. Have a better understanding of the evolution of such principles, especially in the last 25 years; and
3. Be better able to identify and take advantage of planning ideas in connection with the three principles to address specific circumstances with cooperatives they advise.
Field of Study: Business Law
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
  Order Recording

Course Description

Join us for this 60-minute zoom that will cover the major characteristics of cooperatives, allowable variations from such characteristics, and planning opportunities available in the Articles, Bylaws, and other governing documents.  Todd Eskelsen, with Eskelsen Law Group, will lead us through a discussion of several governance topics on which the attorney-draftsman of Bylaws and the accountants and auditors should coordinate their counsel and advice. 

Presenter and Moderator Bios

Presenter: Todd R. Eskelsen, JD, Eskelsen Law Group, LLC

Todd Eskelsen has broad and deep experience counseling cooperatives in agriculture, electrical, plumbing, grocery, and supply industries.  He advises cooperatives in every phase of production, processing, marketing, and use and has a long history as a trusted advisor to the largest U.S. producer of rice as its major outside attorney. Todd has also advised entities involved in personal and property security, staffing, food, government contracting, and other related industries on a wide range of legal issues.

By integrating practical legal analysis into successful business strategies, Todd empowers his clients to approach change and growth with confidence. He works with businesses at various stages of development in their corporate governance, strategic and operational issues, often getting in on the ground floor and helping organizations build the right business infrastructures the first time. Clients Todd has served rely on him to know their business and they trust his judgment on the right legal resources for their needs.

Todd currently has his own firm, Eskelsen Law Group, LLC, and was previously a Partner at the Washington DC office of Schiff Hardin LLP for 11 years and an associate and Partner for 21 years at the Washington DC office of the firm now known as Dentons. He holds a JD from Georgetown University Law Center and a BA from The University of Utah.

Moderator: Wayne Sine, CPA, Director of Education, National Society of Accountants for Cooperatives

Wayne Sine is an experienced and highly knowledgeable professional in the field of Tax. Wayne recently retired as Tax Director from his company, Southern States Cooperative. He has extensive experience working with agricultural cooperatives and has been a long time member of the NSAC. He is extremely active in the NSAC, serving as both past Chapter President of the Atlantic Chapter, past Chair of the Tax Committee, and is currently serving as the NSAC Director of Education.. Wayne's career is marked with several accomplishments, and he has always been involved in many organizations, spreading his knowledge. Wayne is a member of the Legal, Tax, and Accounting (LTA) Committee for the National Council of Farmer Cooperatives. He is also Past Chair of both the Tax Committee of the Virginia Chamber of Commerce and the Virginia Manufacturers Association. Wayne also served on the Tax Policy Committee at the Virginia Society of CPAs, and served as past Region Vice President for the Tax Executives Institute.

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.