Special Tax Provisions. (a) The Members expect and intend that the Company shall be treated as a partnership for all federal income tax purposes and each Member agrees that they (i) will not on any federal, state, local or other tax return take a position, and shall not otherwise assert, inconsistent with such expectation and intent; or (ii) do any act or thing which could cause the Company to be treated as other than a partnership for federal income tax purposes.
Appears in 4 contracts
Samples: Operating Agreement (Ivt Software Inc), Operating Agreement (Ivt Software Inc), Operating Agreement (Ivt Software Inc)
Special Tax Provisions. (a) The Members expect and intend that the Company LLC shall be treated as a partnership for all federal income tax purposes and each Member agrees and the Board of Managers agree that they (i) will not on any federal, state, local or other tax return take a position, and shall not otherwise assert, inconsistent with such expectation and intent; or (ii) do any act or thing which could cause the Company LLC to be treated as other than as a partnership for federal income tax purposes.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (B&H Contracting, L.P.)
