Joint Ventures and Partnership Issues and How LLC Agreements Can Complicate
Date: Tuesday, November 12, 2024Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: McKenzie Lubeck, Senior Manager, Moss Adams LLP
Moderator: Wayne Sine, Education Director, National Society of Accountants for Cooperatives
Learning Objectives:
• Understand the legal distinctions between joint ventures, partnerships, and LLCs,
• Learn to identify and navigate the common issues that arise in joint ventures and partnerships, particularly those related to LLC agreements.
• Learn best Practices in structuring agreements and negotiating effective joint venture and partnership agreements.
Field of Study: Taxes
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.
Course Description
This session deep dives into the intricate world of collaborative business structures, offering insights into the challenges and potential complications inherent in joint ventures, partnerships, and limited liability company (LLC) agreements. Through case studies and expert analysis, participants will gain a comprehensive understanding of the unique legal, financial, and operational considerations associated with these arrangements.
Presenter and Moderator Bios
Presenter: McKenzie Lubeck, Senior Manager, Moss Adams LLP
McKenzie Lubeck provides federal partnership tax consultation services to Private Equity and Operating Partnerships in the Food, Beverage, and Agriculture industry. McKenzie has practiced public accounting for more than 7 years and has spent most of her time focused on the design and implementation of technology solutions to assist complex operating partnerships with tax reporting and compliance. McKenzie focuses on Subchapter K and the complexities it creates (704(c), 704(b), 743(b), 734(b), and tax basis) for large operating partnerships.
Moderator: Wayne Sine, Education Director, National Society of Accountants for Cooperatives
After retiring as Tax Director for Southern States Cooperative, Wayne Sine was asked to serve as Education Director for NSAC. He has been a long-time and active member of NSAC, having served as past President of the Atlantic Chapter and past Chair of the Tax Committee. In addition to his work with NSAC, Wayne has served on the Legal, Tax, and Accounting (LTA) Committee of the National Council of Farmer Cooperatives, Chaired the Tax Committees for both the Virginia Chamber of Commerce and the Virginia Manufacturers Association, served on the Tax Policy Committee of the Virginia Society of CPAs, and served as past Region Vice President for the Tax Executives Institute.
CostFree 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.