Warren P. Kean Addresses The New Partnership Audit Rules 2016 LLC Institute

CHARLOTTE, NC – The law firm of Shumaker, Loop & Kendrick, LLP, is pleased to announce that Charlotte partner Warren Kean spoke about “The New Partnership Audit Rules and Related Operating Agreement Drafting Considerations” at the 2016 American Bar Association’s LLC Institute in Washington, D.C.. Warren’s presentation reviewed the repeal of TEFRA and the dawn of an entirely new set for IRS audits of partnership returns (generally effective for partnership years starting in 2018) warrants advance planning and preparation. A review of new audit paradigms and how partnership and LLC agreements can be written (or rewritten) to adjust to the new paradigm was also included.   

Warren dedicates his practice to matters relating to limited liability companies, partnerships, and other unincorporated entities and the taxation of those entities. His practice emphasizes the representation of privately-held companies, venture capital and private equity financings, strategic alliances and joint ventures, the negotiation and structuring of mergers and other transactions, and the design and implementation of equity incentive plans and agreements. He also chaired the North Carolina Bar Association’s Joint Task Force responsible for drafting the North Carolina Limited Liability Company Act (NCGS Chapter 57D, 2014). Warren received his LL.M. in taxation from New York University Law School, LL.M in securities regulation for Georgetown University Law School, J.D. from Louisiana State University Paul M. Herbert Law Center and his B.A. from Washington and Lee University.


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Founded in 1925, Shumaker, Loop & Kendrick, LLP is a full-service law firm with more than 245 lawyers and five offices in Toledo and Columbus, Ohio; Tampa and Sarasota, Florida; and Charlotte, North Carolina.  Shumaker is a premier provider of quality legal services.  Whether it's commitment to clients or work in the community, involvement lies at the core of all of Shumaker’s initiatives.