Common use of Entity Type Clause in Contracts

Entity Type. If the Pavee in Section 1 is a(n)... Individual • Sole Proprietorship • Grantor (Revocable Livinq) Trust disreqarded for federal tax purposes Limited Liability Company (LLC) owned by an individual and is disregarded for federal tax purposes THEN Select the Box for... Sole Proprietor/Individual Sinqle Member LLC-owned bv an individual Partnerships • Limited Liabilitv Partnerships (LLP) • and, LLC treated as a Partnership Partnerships Estate • Trust (other than disreqarded Granter Trust) Corporation that is medical in nature (e.g., medical and healthcare services, physician care, nursery care, dentistry, etc. • LLC that is to be taxed like a Corporation and is medical in nature Corporation that is legal in nature (e.g., services of attorneys, arbitrators, notary publics involving legal or law related matters, etc.) • LLC that is to be taxed like a Corooration and is leqal in nature Corporation that qualifies for an Exempt status, includinq 501(c) 3 and domestic non-profit corporations. Estate or Trust Corporation-Medical Corporation-Legal Corporation-Exempt Corporation that does not meet the qualifications of any of the other corporation types listed above • LLC that is to be taxed as a Corporation and does not meet any of the other corporation tvoes listed above Corporation-All Other

Entity Type. If the Pavee Payee in Section 1 is a(n)... … THEN Select the Box for… Individual • ● Sole Proprietorship • ● Grantor (Revocable LivinqLiving) Trust disreqarded disregarded for federal tax purposes Sole Proprietor/Individual Limited Liability Company (LLC) owned by an individual and is disregarded for federal tax purposes THEN Select the Box for... Sole Proprietor/Individual Sinqle Single Member LLC-owned bv by an individual Partnerships • ● Limited Liabilitv Liability Partnerships (LLP) • ● and, LLC treated as a Partnership Partnerships Estate • ● Trust (other than disreqarded Granter disregarded Grantor Trust) Estate or Trust Corporation that is medical in nature (e.g., medical and healthcare services, physician care, nursery care, dentistry, etc. • ● LLC that is to be taxed like a Corporation and is medical in nature Corporation-Medical Corporation that is legal in nature (e.g., services of attorneys, arbitrators, notary publics involving legal or law related matters, etc.) • ● LLC that is to be taxed like a Corooration Corporation and is leqal legal in nature Corporation-Legal Corporation that qualifies for an Exempt status, includinq including 501(c) 3 and domestic non-profit corporations. Estate or Trust Corporation-Medical Corporation-Legal Corporation-Exempt Corporation that does not meet the qualifications of any of the other corporation types listed above • ● LLC that is to be taxed as a Corporation and does not meet any of the other corporation tvoes types listed above Corporation-All Other