Books, Records and Tax Returns. (Check One) ☐ - SINGLE-MEMBER: The Company shall maintain complete and accurate books and records of the Company's business and affairs as required by the Statutes and such books and records shall be kept at the Company's Registered Office and shall in all respects be independent of the books, records and transactions of the Member. The Company's fiscal year shall be the calendar year with an ending month of December. The Member intends that the Company, as a single member LLC, shall be taxed as a sole proprietorship in accordance with the provisions of the Internal Revenue Code. Any provisions herein that may cause may cause the Company not to be taxed as a sole proprietorship shall be inoperative.
Books, Records and Tax Returns. Single Member (Applies ONLY if Single-Member): The Company shall maintain complete and accurate books and records of the Company's business and affairs as required by the Statutes, and such books and records shall be kept at the Company's Registered Office and shall in all respects be independent of the books, records, and transactions of the Member(s). The Company's fiscal year shall be the calendar year with an ending month of December. The Member(s) intends that the Company, as a Single-Member LLC, shall be taxed as a sole proprietorship in accordance with the provisions of the Internal Revenue Code. Any provisions herein that may cause the Company not to be taxed as a sole proprietorship shall be inoperative. Multi-Member (Applies ONLY if Multi-Member): The Member(s), or their designees, shall maintain complete and accurate records and books of the Company’s transactions in accordance with generally accepted accounting principles. The Company shall furnish the Member(s), within seventy-five (75) days after the end of each fiscal year, an annual report of the Company including a balance sheet, a profit and loss statement, a capital account statement: and the amount of such Member(s)'s share of the Company's income, gain, losses, deductions, and other relevant items for federal income tax purposes. The Company shall prepare all Federal, State, and local income tax and information returns for the Company and shall cause such tax and information returns to be timely filed. Within seventy-five (75) days after the end of each fiscal year, the Company shall forward to each person who was a Member during the preceding fiscal year a true copy of the Company’s information return filed with the Internal Revenue Service for the preceding fiscal year. All elections required or permitted to be made by the Company under the Internal Revenue Code, and the designation of a tax matters partner pursuant to Section 6231(a)(7) of the Internal Revenue Code for all purposes permitted or required by the Code, shall be made by the Company by the affirmative vote or consent of Member(s) holding a majority of the Members’ Percentage Interests. Upon request, the Company shall furnish to each Member a current list of the names and addresses of all of the Member(s) of the Company, and any other persons or entities having any financial interest in the Company.
Books, Records and Tax Returns a) Single-Member (Applies ONLY if Single-Member): The Company shall maintain complete and accurate books and records of the Company's business and affairs as required by the Statutes, and such books and records shall be kept at the Company's Registered Office and shall in all respects be independent of the books, records, and transactions of the Member(s). The Company's fiscal year shall be the calendar year with an ending month of December. The Member intends that the Company, as a Single-Member LLC, shall be taxed as a sole proprietorship in accordance with the provisions of the Internal Revenue Code. Any provisions herein that may cause the Company not to be taxed as a sole proprietorship shall be inoperative.
Books, Records and Tax Returns. The Members of the Company will create and properly maintain records and books that are complete and accurate. These books will detail the Company’s affairs and business while following generally accepted accounting principles. The Company will provide an annual report within sixty days after the fiscal year has ended. The annual report of the Company shall include the balance sheet, the profit and loss statement, the capital account statement, and a report that details each Member’s share of the Company’s gain, losses, gains, and other necessary information for tax purposes. The Company will be responsible for preparing any federal, state, and local information for income tax returns on behalf of the Company. This information shall be filed in a timely manner. Within sixty days from the end of the Company’s Fiscal year, it will send anyone that was a Member of the Company during the last fiscal year copies of the Company’s tax and information return that was filed with the IRS for the last fiscal year. The elections deemed necessary or allowed to the Company in line with the Internal Revenue Code, and the appointment of a partner for tax matters in line with Section 6231(a)(7) of the Internal Revenue Code for all reasons allowed or deemed necessary by the internal Revenue Code, will be made by the Company through a confirmatory vote of Member’s constituting majority percentage interests. If requested, the Company will provide each Member an up to date list of names and addresses of Company Members and other people or entities with a financial interest in the Company.
Books, Records and Tax Returns. (Check One)
Books, Records and Tax Returns. The Company shall maintain complete and accurate books and records of the Company's business and affairs as required by the Statutes and such books and records shall be kept at the Company's Registered Office and shall in all respects be independent of the books, records and transactions of the Member. The Company's fiscal year shall be the calendar year with an ending month of December. The Member intends that the Company, as a single member LLC, shall be taxed as a sole proprietorship in accordance with the provisions of the Internal Revenue Code. Any provisions herein that may cause the Company not to be taxed as a sole proprietorship shall be inoperative.
Books, Records and Tax Returns. After the Effective Date, the Liquidation Manager shall maintain books and records and prepare and file such tax forms and returns as are required to be filed by the Debtor under applicable law.
Books, Records and Tax Returns. (a) Except for financial statements and tax returns, the Owner Trustee shall be responsible for the keeping of all books and records relating to the receipt and disbursement of all moneys under this Trust Agreement. The Owner Trustee agrees to prepare, sign and/or file and to cause each of the Companies to prepare, sign and/or file all returns and reports with respect to taxes (including but not limited to tax returns and any information, returns or reports for each of the Companies and the Trust, if any) as the applicable Lessees shall direct with respect to all transactions encompassed by the Basic Documents as provided in this Section 7.9. The Owner Trustee shall keep copies of all returns delivered to it or filed by it. The Owner Trustee shall not be personally liable for any tax due and payable in connection with this Trust Agreement or any other Basic Document except for any such tax arising from its own willful misconduct or gross negligence and except for any tax based on or measured by amounts paid to the Owner Trustee as fees or compensation in connection with the transactions contemplated hereby pursuant to Section 7.8 hereof or otherwise.
Books, Records and Tax Returns. The Trustee shall maintain appropriate books and records, relating to the receipt and disbursement of all Trust Fund monies. The Trustee agrees to sign and/or file all returns, with respect to taxes, as the Settlor may cause to be prepared and direct the Trustee to sign and/or file. The Trustee shall be entitled to have such tax returns reviewed, prior to signing or filing, and the cost of such review shall be paid by Settlor, as an expense of the Trust. The Trustee shall have no liability for any tax due and payable, in connection with this Agreement, except for taxes based upon or measured by amounts paid to the Trustee as fees or compensation, under this Agreement. All taxes due on interest earned, with respect to the Trust Funds, are the responsibility of the Settlor and shall not be paid from the Trust Funds.
Books, Records and Tax Returns. The Member(s), or their designees, shall maintain complete and accurate records and books of the Company’s transactions in accordance with generally accepted accounting principles. The Company shall furnish each Member, within seventy-five (75) days after the end of each fiscal year, an annual report of the Company including a balance sheet, a profit and loss statement a capital account statement; and the amount of such Member’s share of the Company’s income, gain, losses, deductions and other relevant items for federal income tax purposes. The Member(s) intends that the Company shall be taxed as a C-Corporation in accordance with the provisions of the Internal Revenue Code. The Company shall prepare all Federal, State and local income tax and information returns for the Company, and shall cause such tax and information returns to be timely filed. Within seventy-five (75) days after the end of each fiscal year, the Company shall forward to each person who was a Member during the preceding fiscal year a true copy of the Company’s information return filed with the Internal Revenue Service for the preceding fiscal year. All elections required or permitted to be made by the Company under the Internal Revenue Code, and the designation of a tax matters partner pursuant to Section 6231(a)(7) of the Internal Revenue Code for all purposes permitted or required by the Code, shall be made by the Company by the affirmative vote or consent of Member(s) holding a majority of the Members’ Percentage Interests. Upon request, the Company shall furnish to each Member, a current list of the names and addresses of all of the Member(s) of the Company, and any other persons or entities having any financial interest in the Company.
