Partnership Classification for Tax Purposes. Each Member recognizes and intends that for federal income tax purposes the Company will be classified as a partnership and that the Tax Matters Partner shall make any election by the Company necessary for such treatment.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Eagle Holdco 3 LLC), Limited Liability Company Agreement (Eagle Holdco 3 LLC), Limited Liability Company Operating Agreement (Detroit Radio, LLC)
Partnership Classification for Tax Purposes. Each Member recognizes and intends that for federal income tax purposes purposes, the Company will be classified as a partnership and that the Tax Matters Partner Members shall take all necessary action to make any election by the Company necessary for such treatment.
Appears in 1 contract
Samples: All American Communications Inc
