PROFITS/LOSSES. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.
PROFITS/LOSSES. For accounting and tax purposes, the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member in accordance with Treasury Regulation 1.704-1.
PROFITS/LOSSES. For accounting and tax purposes, net profits or net losses shall be determined on an annual basis. Profits and losses will be distributed in proportion to each Member’s relative proportion of total capital in the Company, as set forth in Exhibit 1.
PROFITS/LOSSES. For accounting and tax purposes, net profits or net losses shall be determined on an annual basis. For tax purposes only, the Company shall be treated as a partnership.
PROFITS/LOSSES. For accounting and tax purposes, the Company's net profits or net losses will be determined annually. Pursuant to Section 00-00-000 of the Supplement, and as provided in Section 6.03, below, profits and losses will be allocated to the Members in proportion to each Member's economic interest in the Company as set forth in Exhibit 1 and in accordance with Treasury Regulation 1.704-1.
PROFITS/LOSSES. (a) Allocation of Income and Loss.
PROFITS/LOSSES. For accounting and tax purposes, the DAO's net profits or net losses will be determined annually. Pursuant to Section 00-00-000 of the Supplement, and as provided in Section 6.03, below, profits and losses will be allocated to the Members in proportion to each Member's economic interest in the DAO and in accordance with Treasury Regulation 1.704-1.
PROFITS/LOSSES. Tax Credits, Distributions and Capital Accounts 59 10.1 Profits, Losses and Tax Credits..................... 59 10.2 Cash Distributions Prior to Dissolution............. 60 10.3
PROFITS/LOSSES. For financial accounting and tax purposes the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Exhibit 3 as amended from time to time.
PROFITS/LOSSES. For financial accounting and tax purposes the Company’s net profits or net losses shall be determined on an annual basis. The LLC manager will report to the XXX custodian on an annual basis the total value of XXX owned LLC.
