Joint Ventures and Partnership Issues and How LLC Agreements Can Complicate

CPE: 1 Credit Hour
Intended Audience: Geared for all cooperative types.

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.