Partnership for Tax Purposes Only. As set forth in Section 2.1, the Members hereby form the Company as a limited liability company under the Act. The Members expressly do not intend hereby to form a partnership except insofar as the Company may be treated as a partnership solely for tax purposes.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Liveworld Inc)
Partnership for Tax Purposes Only. As set forth in Section 2.1, the Members hereby form the Company as a limited liability company under the Act. The Members expressly do not intend hereby to form a partnership except insofar as the Company may be treated as a partnership solely for tax purposes.. [Signature Page Follows]
Appears in 1 contract
Samples: Operating Agreement (Propell Technologies Group, Inc.)
Partnership for Tax Purposes Only. As set forth in Section 2.1, the The Members hereby form have formed the Company as a limited liability company under the Act. The Members Act and expressly do not intend hereby to form a partnership (except insofar as the Company may be treated as a partnership solely for tax purposes only). The Members do not intend to be partners to one another or partners as to any third party. No Member, Manager or Director shall make any election to treat the Company as other than a partnership for tax purposes.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Collins Growth & Income Fund LLC)
Partnership for Tax Purposes Only. As set forth in Section 2.1, the Members hereby form the Company as a limited liability company under the Act. The Members expressly do not intend hereby to form a partnership except insofar as even though the Company may be treated as a partnership solely for tax purposes.
Appears in 1 contract
Samples: Limited Liability Operating Agreement (Catalytica Inc)