Formation of LLC. The Parties have formed a Limited Liability Company named Name Of LLC (Hereinafter referred to as the “LLC”) in the State of . State The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of State relating to the formation, taxation and operation of a LLC. The Members agree that the LLC shall be taxed as a partnership. The partnership shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnership.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement
Formation of LLC. The Parties have Member having formed a Limited Liability Company named Name Of LLC (Hereinafter referred to as the “LLC”) in the State of . State The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of State relating to the formation, taxation and operation of a LLC. The Members agree Member agrees that the LLC shall be taxed as a partnershipsole proprietorship. The partnership sole proprietorship shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnershipsole proprietorship.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Operating Agreement
Formation of LLC. The Parties have formed a Limited Liability Company named Name Of LLC (Hereinafter referred to as the “LLC”) in the State of . State The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of State relating to the formation, taxation taxation, and operation of a an LLC. The Members agree that the LLC shall be taxed as a partnership. The partnership shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnership.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Formation of LLC. The Parties have Member formed a Limited Liability Company named Name Of LLC (Hereinafter referred to as the “LLC”) in the State of . State The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of , State relating to the formation, taxation and operation of a an LLC. The Members agree Member agrees that the LLC shall be taxed as a partnershipsole proprietorship. The partnership sole proprietorship shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnershipsole proprietorship.
Appears in 1 contract
