Considerations in Structuring Alternating Proprietorship Agreements

In 2008, TTB published an Industry Circular- Alternating Proprietors at Bonded Wine Premises (http://www.ttb.gov/industry_circulars/archives/2008/08-04.html).  The Circular sets the parameters for establishing an alternating proprietor (AP) relationship that will satisfy TTB regulations.  The structure, although called an alternating proprietorship, is fundamentally a lease arrangement involving two parties:  the AP and the “host” winery.  The AP is […]